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RuslanDashinsky
File a Claim, See a Premium Spike
As if a car wreck wasn’t bad enough, filing an insurance claim is guaranteed to result in a premium spike. But what do those increases look like year over year? insuranceQuotes and Quadrant Information Services decided to find out.
For the fourth year in a row, the pair analyzed the average economic impact of filing various claims on an auto insurance policy.
“Using a hypothetical 45-year-old married female driver who is employed, has an excellent credit score, has no lapse in coverage and has filed no prior auto insurance claims, the study looked at how much annual premiums can go up, on average, after filing one of three different types of claims,” insuranceQuotes said. These included bodily injury, property damage and comprehensive.
(You read right: Your credit score can affect your auto insurance premium. You can view two of your scores free, updated every 14 days, on Credit.com.)
Beyond that, the study examined the effect of the claim’s amount while comparing the average premium increases for all 50 states and Washington, D.C.
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tillsonburg
The Impact of Auto Claims
Their findings: Just a single auto insurance claim of $2,000 can cause a premium to spike, on average, by 44.1%. Filing a second claim in the same year can cause an average annual premium to jump a whopping 99.4%.
There are plenty of reasons for this, safety equipment and the economy improving among them, but car owners should remain vigilant about driving safely — and keeping costs down. The cost of paying bodily injury claims has increased, and with newer cars on the road, insurers are adjusting their charges accordingly.
Remember, premium increases will vary by claim type and for accidents where you were at fault. With that in mind, let’s see what your auto insurance premium increases might look like after filing one $2,000 claim in the 20 worst states to do so.
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LenSoMy
20. Delaware
NAIC Average Annual Premium: $1,101
Average % Increase for Making One Claim: 39.4%
Average Annual Premium After Making One Claim: $1,535
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sarkophoto
19. Alaska
NAIC Average Annual Premium: $889
Average % Increase for Making One Claim: 39.8%
Average Annual Premium After Making One Claim: $1,243
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BDphoto
18. Virginia
NAIC Average Annual Premium: $719
Average % Increase for Making One Claim:Â 40.1%
Average Annual Premium After Making One Claim: $1,007
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Maksymowicz
17. Indiana
NAIC Average Annual Premium: $622
Average % Increase for Making One Claim:Â 42%
Average Annual Premium After Making One Claim: $883
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Starcevic
16. Illinois
NAIC Average Annual Premium: $745
Average % Increase for Making One Claim:Â 42.5%
Average Annual Premium After Making One Claim: $1,061
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Ashley_Minkus
15. Connecticut
NAIC Average Annual Premium: $1,011
Average % Increase for Making One Claim:Â 43%
Average Annual Premium After Making One Claim: $1,446
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dszc
14. New Jersey
NAIC Average Annual Premium: $1,254
Average % Increase for Making One Claim: 45.1%
Average Annual Premium After Making One Claim: $1,819
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Yobab
13. Nevada
NAIC Average Annual Premium: $936
Average % Increase for Making One Claim: 45.8%
Average Annual Premium After Making One Claim: $1,365
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tonda
12. Arizona
NAIC Average Annual Premium: $811
Average % Increase for Making One Claim: 46.3%
Average Annual Premium After Making One Claim: $1,186
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JMichl
11. South Dakota
NAIC Average Annual Premium: $581
Average % Increase for Making One Claim: 46.8%
Average Annual Premium After Making One Claim: $853
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angelaking-Jones
10. Minnesota
NAIC Average Annual Premium: $745
Average % Increase for Making One Claim: 48.4%
Average Annual Premium After Making One Claim: $1,106
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Posnov
9. Rhode Island
NAIC Average Annual Premium: $1,066
Average % Increase for Making One Claim: 50.4%
Average Annual Premium After Making One Claim: $1,603
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yogibehr
8. Ohio
NAIC Average Annual Premium: $659
Average % Increase for Making One Claim: 51.2%
Average Annual Premium After Making One Claim: $996
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NNehring
7. Iowa
NAIC Average Annual Premium: $572
Average % Increase for Making One Claim: 53.6%
Average Annual Premium After Making One Claim: $878
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Imgorthand
6. Wisconsin
NAIC Average Annual Premium: $621
Average % Increase for Making One Claim: 54.9%
Average Annual Premium After Making One Claim: $962
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sestevens
5. (Tie) North Carolina
NAIC Average Annual Premium: $625
Average % Increase for Making One Claim: 57.3%
Average Annual Premium After Making One Claim: $983
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ibsky
5. (Tie) Massachusetts
NAIC Average Annual Premium: $1,008
Average % Increase for Making One Claim: 57.3%
Average Annual Premium After Making One Claim: $1,586
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RobertMPeacock
3. Texas
NAIC Average Annual Premium: $895
Average % Increase for Making One Claim: 59.9%
Average Annual Premium After Making One Claim: $1,431
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haveseen
2. New Hampshire
NAIC Average Annual Premium: $733
Average % Increase for Making One Claim: 60.3%
Average Annual Premium After Making One Claim: $1,175
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oneinchpunch
1. California
NAIC Average Annual Premium: $783
Average % Increase for Making One Claim: 63.1%
Average Annual Premium After Making One Claim: $1,277
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Image:Â RuslanDashinsky
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