What To Do If After A Minor Accident If Your Auto Insurance Rate Is Higher?
Our auto insurance rate is higher after a minor accident,
How can we negotiate with insurer(progressive) to give us lower rate?
Is there any trick?
Our auto insurance rate is higher after a minor accident,
How can we negotiate with insurer(progressive) to give us lower rate?
Is there any trick?
November 7th, 2009 at 5:27 pm
No, there is no negotiating. Each company files their mathematical formula for calculating rates (including the factor they use for accidents) with the state and it is carved in stone.
However, every company has its own mathematical formula, so it might pay to shop around.
November 7th, 2009 at 5:27 pm
Yes, your auto insurance premiums could go up if you have an accident and it is entered in the insurance records. Some insurance companies forgive the first accident and some others may charge a little extra at the time of your signing up for offering forgiveness. You can read more on this link..
http://www.assureinsure.com/article-will-my-insurance-premium-go-up-after-accident–43.aspx
November 7th, 2009 at 5:27 pm
I found a great site for you, take a look and tell me what do you think:http://alternativeinsuranceguide.com/how…
November 7th, 2009 at 5:27 pm
This is standard policy across all insurance companies. They charge you a 10% surcharge for the next 2 to 5 years depending on the severity of the accident.
November 7th, 2009 at 5:27 pm
You can try negotiations. And check other insurance quotes.
Next time, pay for the repairs yourself. Especially in ‘minor’ accidents.