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At What $$ Claim Point Does Your Auto Insur Rise?
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At What $$ Claim Point Does Your Auto Insur Rise? - July 23, 2014, 06:21 AM

The rear bumper of my 2011 Ford Ranger PU was hit while parked denting the bumper. I'm not exactly sure where & when it happened. Happen to notice it yesterday. It could have occurred at any of several public parking lots last day or two. Painted steel bumper dented, not sure if it would be repaired or replaced if it went into a shop. Will require paint work. Not real bad, more visually annoying, esp since I didn't do it. My guess is it would cost $500-$700 to repair, but I'm no body shop estimator.

I have full coverage insurance with State Farm. I could live with it and it eventually it wouldn't bug me. And who knows someone may rear end me in DC traffic and I'll get it repaired on their policy. Other than a couple small dents in the bed the truck bodywork is clean.

I could live with it or I could make a claim on my insurance. I mean that's why we have full coverage, right? BTW, there have been no claims on policy for at least 5+ years, maybe more, just don't recall exactly, & $250 deductible, I think?. Have home, MC, & auto with State Farm.

So my question is....

At what $$ cost point for a claim on your insurance does an insurance company raise your rates. Say I claimed this repair on my insurance, at what $$ cost point would they raise rates in response? This sort of incident is one of the reasons why you pay extra for comprehensive coverage. However, your rates may increase in response to a claim.

Last edited by morsetaper2; July 23, 2014 at 06:57 AM..
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July 23, 2014, 06:54 AM

I've never had my rates increase because of an accident that wasn't my fault. As a matter of fact with progressive my rates have never gone up.


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July 23, 2014, 07:09 AM

I don't know that it's the dollar amount so much as how often you're making claims. Since you have been claim free for several years they may let this one slide.


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July 23, 2014, 07:34 AM

What's your deductible? I may be in the minority but filing a claim is my last resort. Who's to say that you didn't back into something? Simply stating that your truck was hit while parked isn't much for the insurance company to conclude no fault. How much is a new bumper?
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July 23, 2014, 07:55 AM

Quote:
Originally Posted by t84a View Post
I may be in the minority but filing a claim is my last resort.
I'm right there with ya!


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July 23, 2014, 08:41 AM

If it's not my fault and I'm having issues with the other party/insurer on getting my ends to fix my wip...I'm calling MY insurance. They work for me. Let them handle it. They may chose to float me some cash to get me a rental (if I have that coverage) and will then subrogate my claim from the other insurance company. Let them duke it out.

Rates are determined by frequency of events (at fault or not at fault)

If you hit 3 deer in 2 years, your rates are going to probably increase.
If you get seatbelt violations and then get rear ended and suffer injuries due to not wearing a seat belt, your rates are going to probably increase.


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July 23, 2014, 08:44 AM

I have a $1,000 deductible.
It's a math calculation for me.
If the damage is < 181% of my deductible, I don't file.



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July 23, 2014, 01:35 PM

Quote:
Originally Posted by onel0wcubn View Post
I've never had my rates increase because of an accident that wasn't my fault. As a matter of fact with progressive my rates have never gone up.
I had two bikes stolen when I was under Progressive. Got 7k checks both times and my insurance rate only went down...


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July 24, 2014, 06:56 AM

aint that the truth.. progressive ftw


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July 24, 2014, 08:37 AM

I've only heard good things about Progressive and USAA.
Cumulatively positive about State Farm and Erie.
Geico can be troublesome.



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July 24, 2014, 08:49 AM

Quote:
Originally Posted by Heist View Post
I've only heard good things about Progressive and USAA.
Cumulatively positive about State Farm and Erie.
Geico can be troublesome.


USAA writes through Progressive. They no longer write their own.


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July 24, 2014, 09:13 AM

Comprehensive claims (bikes stolen, hit in a parking lot-hint hint) should not affect your rates unless they are occurring at a higher than normal rate. Collision claims will most likely affect your rates.


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July 24, 2014, 12:20 PM

Both times I got my check in about 30 days, maybe a little more. Not bad. They never gave me any trouble for all of the aftermarket parts that were included in the claim.

Progressive FTW for comprehensive claims. I cant speak for collision claim.


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