Feeling anxious about possibly being dropped by Allstate (CA)
I’ve had three claims in just two months—two of them were not my fault. The first was a minor fender bender that’s still under investigation, and the second one sadly resulted in my car being totaled.
Allstate determined that I wasn’t at fault in either case and compensated me for the loss of my vehicle. I recently purchased a new car, but I’m worried that replacing my totaled car might lead to Allstate dropping my coverage or drastically increasing my rates. Will this even matter until my renewal in six months, especially with one claim still open?
It’s understandable to be worried about your insurance status after multiple claims. Here are a few points to consider:
Not At Fault Claims: Since you mentioned that two of the claims were not your fault, insurers typically view these differently than if you were at fault. Generally, this can be a mitigating factor when it comes to potential rate increases or cancellations.
Open Claims Impact: With one claim still under investigation, it might be wise to wait until that is resolved before worrying too much about whether it will impact your renewal. Insurers often take the totality of your claims into account, including how they were resolved.
Rate Increases: It’s possible that your rates could increase, especially if the total number of claims over a short period is high. However, most companies offer discounts for drivers with a good record, and your two not-at-fault claims could help offset any potential increases.
Renewal Time: Usually, any changes in rates or your risk profile will be more apparent at the time of renewal. If you haven’t received any communication about being dropped, it may not be an immediate concern.
Communicate with Allstate: If you’re particularly anxious, consider reaching out to your agent for clarity about your situation. They can provide insights into how your claims might affect your policy going forward.
Consider Alternatives: If you find your rates do increase significantly or you do get dropped, it might be worth shopping around. Sometimes, different insurers have varying policies and rates based on claims history.
In the meantime, try to stay calm and focus on the positive—like enjoying your new car!