Subject: Surprising Premium Increase After Not-at-Fault Accident
I recently had an accident where I was deemed not at fault, and it occurred in my sister’s car, which is covered by its own separate insurance policy. I just received my renewal offer from Progressive, and it’s more than double my previous premium.
Is it typical for premiums to increase this significantly even when you’re not at fault, especially since Progressive wasn’t representing either party? Any insights would be appreciated!
It can be frustrating to see a significant increase in your premium after an accident, especially when you were not at fault. While insurance providers like Progressive should ideally take into account fault in determining premium rates, it’s important to remember that they often base premiums on a variety of factors, including overall claims experience, your driving history, and even the general risk level in your area.
In some cases, insurance companies may raise premiums after an accident, regardless of fault, due to perceived increased risk. Additionally, if this is a renewal period, other factors like changes in the market or shifts in underwriting guidelines could also affect your rates.
It might be a good idea to contact Progressive directly to discuss the increase and clarify why it’s so significant. You can also shop around and compare quotes from other insurers to see if you can find a better rate. Remember to look into any discounts you might be eligible for, as those can sometimes help offset increases.