Here’s How Much Your Insurance Goes Up After an Accident

| January 29, 2019

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Planning to file a claim with your auto insurance? If so, you should brace yourself for higher premiums. This warning comes courtesy of a joint study between InsuranceQuotes and Quadrant Information Services. According to the data, drivers who made claims in 2016 saw their policy premiums increase by an average of 44.1%. The study looked at the impact of claims worth $2,000 or more and compared premium increases in all 50 states and Washington, D.C. Keep in mind, the reported premium increases weren’t for individuals who have a history of unsafe driving. After jumbling the numbers, the study concluded that, even after a single auto claim, premium increases can be significant. Even worse, premium increases following claims have risen incrementally over the last few years. This suggests that “the expense of filing an auto insurance claim will continue to rise.” How Price Increases Vary by State. While the numbers show your rates could surge after an accident regardless of where you live, some states report costlier increases than others. As the InsuranceQuotes study noted, the following five states reported the largest premium increases after a single auto claim worth $2,000 or more: California (63.1%), New Hampshire (60.3%), Texas (59.9%), Massachusetts (57.3%), and North Carolina (57.3%).

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Hughes Insurance

Hughes Insurance was established by Leslie Hughes OBE in 1977 as an insurance broker dedicated to offering a wide range of insurance products at competitive prices to the local Northern Ireland market.

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Hughes Insurance

Hughes Insurance was established by Leslie Hughes OBE in 1977 as an insurance broker dedicated to offering a wide range of insurance products at competitive prices to the local Northern Ireland market.

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