Reader’s Question:
I’ve been through a couple of accidents for the last two years herein Denton, Texas and I’m wondering if the number of times I file for insurance claims can affect my rates. More power! Thanks!
Diane
Denton, TX
Dear Diane. Yes, the frequency of times that you have filed for a car insurance claim, whether approved or not, will have a big impact on your car insurance rates. The more times you file a claim with your insurance provider there in Denton, Texas, the more your insurance provider will see you as someone getting involved in more vehicular accidents and mishaps, increasing the risk and potential costs the car insurance company is taking on to insure you. The riskier you are to insure the more your insurance provider tries to compensate for that risk in the form of higher premiums that you will have to pay.
Car Insurance is designed to highly reward those who keep their driving records clean and maintain their safety while on the road. This is how you get savings towards your car insurance bills. Assuming that the reason you are filing a claim is because of involvement in vehicular accidents. Car Accidents will definitely blemish your driving records for years to come, further compounding the amount you are paying for car insurance.
A suggestion, if you have an old vehicle you may want to skip filing the insurance claim and save yourself the amount for money you have to spend for a deductible. You may be able to find an auto shop that can repair your vehicle satisfactorily without having to spend much.