Will Filing an Insurance Claim Raise My Rates?

Following a car accident, there are several reasons that would stop people from filing an insurance claim. One of the concerns that individuals have is the possibility of their rates being raised after they file the claim. So, the question is, does filing a claim have an impact on your premium rates?

The answer isn’t as simple as most it would like. Whether the insurance company will raise your rates is dependent on several factors, but there are no two companies that operate the same. However, you should be aware of the facts before you hesitate to file a claim.

Which Types of Claims Would Result In a Rate Increase?

There are different types of claims with various insurance companies that may impact how your rates work. While something like a property damage or premises liability claim is looked at in one way, other claims may be forgiven for the first claim much easier.

With car crashes, if you file a claim, it may not be looked at as a reason to increase your rates. However, many look at more accidents as a potential liability and this could result in your overall costs being increased as you incur more damages.

Should You Be Worried About Filing a Claim?

Before you have concerns regarding filing a claim, you should make sure you fully understand your policy and the potential problems that may arise. If you know that accidents are most often forgiven and you have not filed a claim before, there should be no hesitation when filing a claim to pursue damages.

You should also recognize what rights you have with regards to filing a claim and the insurance company’s obligation to help you as per the policy you have. At the end of the day, when you’ve been injured in an accident and you suffer medical bills and property damage, you deserve to be compensated for your losses.

If you feel your rights have been violated by your insurance company, our Austin car accident attorneys are here to help you navigate the legal process and hold them to their obligations. We work hard to protect your rights because they matter to us and you deserve justice.

With Briggle & Polan, PLLC, you get tireless and relentless attorneys who are inflexible in the pursuit of justice. We don’t back down from opposition; instead, we go the extra mile with one thing in mind: your best interests.

For a free consultation, we encourage you to contact our firm today at (512) 400-3278.