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Will your insurance rates go up if you file a claim for damage that's entirely not your fault? |
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With most companies, yes.
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I disagree with the first answer. If your claim for damage is the result of an accident that is "entirely not your fault" your rates should NOT go up.
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They might not.. but GOOD luck when trying to switch insurance companies... collision claims will show up in your claims history database (check yours out at www.choicetrust.com) and the premiums WILl be higher....
it happened to me!
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In general, yes it will. Your rate is based on their actuarial calculations. Fault is not figured into the equation because they will still have to pay your benefits regardless of fault. Statistics show that most people who get into an accident are more likely to get into another one. For that reason, your rates are going to go up. With that in mind though. Most companies have a policy of forgiving the first accident. You will not be penalized for the first accident.
First answer by ID0000000000. Last edit by Rhuffington. Contributor trust: 3 [recommend contributor]. Question popularity: 132 [recommend question]
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