Does filing a claim always lead to an increase in my car insurance premium?
I was involved in a car accident where another driver 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. However, they also informed me that I didn’t have collision insurance, so I didn’t receive any compensation. Can they still raise my insurance rates based on this claim, even though I didn’t get any payout?
Filing a claim does not automatically guarantee that your car insurance premium will go up, but it can have an impact, especially if you are found at fault for an accident. Insurance companies typically assess your claims history when determining your premium, and being found at fault can raise your rates.
In your case, since Geico determined you were 100% at fault for the accident, they may consider that when it comes time to renew your policy, even if they didn’t pay anything on the claim due to your lack of collision coverage. Each insurer has its own policies regarding rate increases, and factors like the type of claim and your driving record will also play a role.
It’s a good idea to review your policy and discuss your specific situation with a Geico representative to fully understand how this incident might affect your rates. If you’re concerned about potential increases, you might also want to shop around for quotes from other insurance providers to see if you can get a better rate.