Many believe that when you get into an accident your insurance costs will automatically increase. In fact, they are often so afraid of this monetary spike, they avoid filing a claim altogether.
Filing a car insurance claim does not always result in paying a higher car insurance payment.
We provide 3 factors that insurance companies will look at to determine if your rate is adjusted.
1.Your Driving History: Rates are more likely to increase if you are considered a high risk driver. Your lead foot may be to blame for the increase of your car insurance payment. However, if your driving history is squeaky clean, a minor fender bender may not affect your bottom line.
2. Severity of the Incident: How serious was the accident? Did it involve another vehicle? In the insurance world, no two accidents are created equal. The severity of the incident will be the #1 item your insurance will look at.
3. No Fault: Some states, including Florida, have no fault car insurance laws. This allows the state to keep monthly premiums lower than the national average. However, your insurance company is almost guaranteed to pay some portion of the claim, no matter who caused the accident. Thus affecting your monthly insurance rate.
To learn more about your car insurance policy and ways to save, visit www.pettineo.com
Pettineo Insurance Agency, Inc. is your neighborhood independent insurance agent. As an independent agent we represent many top rated companies in both the personal and commercial lines. We place your policy with the company offering the best coverage at a reasonable price. We offer a complete line of personal, commercial, life and health insurance products, designed exclusively for your insurance needs.
