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An Auto Insurance Claim Can Result in Sizeable Premium Increase

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March 15, 2017

You have a car accident, so you file an insurance claim. Better expect to get hit with a price hike.

A new report from insuranceQuotes.com finds that drivers in Washington who file a single claim of $2,000 or more will see their premiums spike by 39 percent. That’s actually lower than the national average of 44 percent.

File a second claim in one year, and the price will skyrocket even more. The national average for that is a 99 percent annual premium increase, according to the insuranceQuotes survey.

The price hikes vary by the type of claim filed. Bodily injury (liability) claims are by far the most expensive. A comprehensive claim that pays for damage from something other than a collision, such as fire or theft, typically results in an average premium increase of less than 2 percent, the survey found.

InsuranceQuotes says these price hikes typically kick in for accidents where you are at fault. If someone hits you, his or her insurance will cover the claim, and typically your rates won't be affected, the study noted.

One bit of good news: Premium increases resulting from a claim don’t last forever; typically it's about three to five years.

More Info: Filing an Auto Insurance Claim? Expect a Big Spike in Your Premium

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