Should I follow up on my claim?
I was involved in an accident last November and was deemed at fault. Since then, I’ve purchased and registered a new car, and I’ve got it insured as well. However, my claim is still open, and I’m considering whether I should reach out for an update.
Also, once the claim is settled, will my premium increase? When I insured my new car, my premium was actually lower than my previous policy. I asked if this new policy took into account the at-fault accident, and I was told that it did. I’m really thankful for that, but I’m concerned that when my claim eventually closes, I might see a spike in my premium.
It’s definitely a good idea to inquire about your claim, especially since it has been open for a while. Contacting your insurance company can help clarify the status of your claim and provide you with any updates.
As for your premium, it’s not uncommon for insurers to adjust rates based on the risk they assess due to past incidents. Since you mentioned that your new policy reflected the at-fault accident and resulted in a lower premium, it’s possible that the company took that into account when pricing your current insurance. However, rates can vary with changes in your claim status.
To alleviate your concerns, you can ask your insurer directly about how the closing of the claim will affect your rates and if there’s any chance for an increase. It’s also worth checking if your state has regulations regarding how long an at-fault accident affects your premium, as this can vary. Open communication with your insurer will help you better understand your situation and plan accordingly.