Agent, Rural Mutual Insurance Co., Union Grove, WI
Not necessarily. That will depend on the many factors that go into determining you premium. Just because you have had to submit a claim does not mean that your insurance rate will automatically increase upon your next renewal. If you already have an accident or ticket on your motor vehicle record less than three years old then you will more than likely see an increase at renewal, but that is up to the carrier.
Vice President/Agent, Best Rates Insurance Inc, Kalispell Montana
There are many thing to consider to be able to determine if the rate will increase. Each carrier rates differently.
Some carriers you pay for accident forgiveness other carriers you have right from day one small accident forgiveness and you pay nothing for that coverage. Also what type of accident did you cause damages to others or just damage to your auto. Was it a Deer.
In Most cases the rate will not increase as much as it would cost to repair the damages. I have even seen some carriers that do not run your motor vehicle report so if you had them as a carrier the rate would not change at all.
Each state and carrier has different laws and rates. Talk to your agent or your carrier and they should be able to tell you. Also even if you have not reported the claim and decided to pay it yourself your agent or carrier should be able to tell you if it will increase.
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Some carriers you pay for accident forgiveness other carriers you have right from day one small accident forgiveness and you pay nothing for that coverage. Also what type of accident did you cause damages to others or just damage to your auto. Was it a Deer.
In Most cases the rate will not increase as much as it would cost to repair the damages. I have even seen some carriers that do not run your motor vehicle report so if you had them as a carrier the rate would not change at all.
Each state and carrier has different laws and rates. Talk to your agent or your carrier and they should be able to tell you. Also even if you have not reported the claim and decided to pay it yourself your agent or carrier should be able to tell you if it will increase.