Will my car insurance premium increase if I file a claim?
I was recently in a car accident where someone cut me off, causing me to swerve and hit the highway median. I filed a claim with Geico, and they determined I was 100% at fault for the accident. However, I was informed that I don’t have collision coverage, so they didn’t provide any compensation. Can they still raise my insurance rates even though they didn’t pay anything?
Filing a claim can potentially impact your car insurance premium, but it typically depends on a few factors. Since Geico found you 100% at fault, this determination might be noted on your insurance record, which could lead to a premium increase, even if they didn’t pay out on the claim because you lacked collision coverage.
Insurance companies often evaluate claims made, regardless of payout, as part of their underwriting process. While some states have rules that may prevent a rate increase for certain types of claims, your accident and fault determination might still influence your rates, especially if it suggests a higher risk profile.
It’s a good idea to check with Geico or review your policy’s terms regarding rate increases after claims. Additionally, if you’re concerned about your premium going up, you can also shop around and compare rates from different insurers, as they may view the situation differently.