I had an incident on the interstate at night where I think I might have hit someone’s suitcase or something similar. The damage includes a broken radiator and radiator support. If I file a claim with State Farm, will it significantly increase my insurance premiums? I currently have a $500 deductible.
Hit something on interstate
It’s understandable to be concerned about how a claim might impact your insurance rates. Whether or not your claim will raise your premiums depends on several factors, including your overall claims history, the severity of the damage, and the policies of your insurer.
Since you have a $500 deductible, you would want to consider whether the cost of the repairs exceeds that amount. If the repair costs are significantly higher, it might be worth filing a claim. However, if the expenses are close to or below your deductible, it could be more beneficial to pay for the repairs out-of-pocket to avoid a potential increase in your rates.
To get a clearer picture, you could also reach out to a State Farm representative to ask how filing a claim could impact your premiums. They may provide insight into their specific policies regarding accidents and claims.