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Why does your insurance premium go up after a no-fault accident?
Wiki User
∙ 16y ago
Are you sure that's why it went up? Many times folks have an accident (non-chargeable) and there is an 'across the board rate increase' and they think it was from the loss, when it was a rate increase for everyone...Call your agent or company's policy services dept and ask for sure. If it did go up for this loss, there could be many reasons...Number of claims, length of policy etc. But they will be able to give you the answer.
Wiki User
∙ 16y ago
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Does my insurance premium go up if you are involved on an accident which i borrowed a friends car?
If the accident goes on your driving record, yes.
If you was on your dads insurance as a named driver does in affect their premium if you have an accident?
Yes, the general idea of insurance is that your rates go up when you cause an accident and they are forced to pay out.
Difference between a deductible and a premium?
A premium is the amount of money you pay the auto/health insurance company monthly, quarterly, or biannually whether or not you get in an accident or go to the hospital. The higher your premium the lower your deductible, and the lower your premium the higher your deductible. A deductible is the amount of money after you get in a car accident or visit the hospital before your insurance company pays anything. After you have met your deductible the insurance company covers the rest of the expenses.
Will your insurance premium go up if you are not at fault in Michigan?
Usually if an accident is determined not to be the insured's fault, then their insurance rates will not rise as the insurance company did not lose any money from covering the driver involved in the accident. If the accident is determined as being inconclusive, the rates may rise some, to adjust for the amount of money the insurance company lost in the accident.
If you are involved in an accident and Applied Claims Insurance Company is paying 1800 how much will your premium go up at renewal?
This depaends on the fault of the accident. There is no way to tell the answere to this question as there are many factors involving this. Is this the 1st accident, state, insurance company.....
I have insurance and allowed a friend to drive my car and she had an accident who is at fault?
Your friend is. If she is over 25 she is normally covered. Because you claim on youe insurance, technically it will be an at fault accident and your premium may go up. You should talk to your insurer.
Does your premium go up if someone without insurance had permission to drive your car and gets into an accident that was their fault in NJ?
Generally speaking, if your insurance has to pay out, then there probably will be an increase. Good luck.
Can you be sued for an insurance premium from a car accident that occured 9 years ago?
There is a different Statute of Limitations in each State, so go to: www.google.com Ask: What is the Statute of Limitations regarding a car accident.
Does your insurance premium go up if you hit a pedestrian but they sustained no injuries and no claim is put in?
If you didn't put in a claim (not wise), and the company has absolutely no knowledge of the accident then 'no' how could it?
How much will your bike insurance go up after a claim?
Your insurance can vary based on quite a few variables, not just a claim. Some claims will not result in a premium increase and some claims will raise them based on the severity of an accident.
What happens if an accident is your fault and you have have insurance?
When this happens, your Insurance company pays for damages. If the accident is your fault, your insurance rates can go up.
Will you insurance premium go up if you claim a parking lot hit and run accident and pay 500 deductible and insurance covers 1000?
Yes, most likely, your premium will raise to some degree. If you don't claim it through insurance, there would be no premium hike. Parking lot incidents are almost ALWAYS considered 50/50 fault, sad to say, unless you can PROVE otherwise!
