After you file a claim, your car insurance premium is normally expected to get higher. This is so because the car insurance company now considers you as a liability. They have to compensate for the loss whenever you get involved in an accident, therefore they raise the premium rate to ensure that it covers all the expenses and gets profit for them.
How much your car insurance will be affected is hard to say. One of the main factors is by how many claims you have had total. If you have had an accident before your premiums will go up even more. If you have had several different accidents you are a high risk driver and will be expected to pay dearly for it.
Your insurance may also be affected by how frequently the car accidents took place. Read more…
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