Auto Insurance Claims Can Affect Your Car Insurance Policy

Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Filing Car Insurance Claims and other Car Insurance topics.

Does making an auto insurance claim have an effect on the cost of future policies?

Auto Insurance Claims Can Affect Your Car Insurance Policy

Depending on the policy type, your car insurance coverage may need to be renewed every 6 to 12 months. During this renewal evaluation, your car insurance company may opt to cancel your insurance rather than renew your policy. The main factors contributing to your renewal evaluation are:
*Driving record for the last period of coverage for everyone on the policy
*Credit problems (including bankruptcy)
The number one factor that can affect your renewal is the frequency of filed claims. When deciding to file claims this is one thing you should take under serious consideration. Insurance companies assess whether or not a customer is an acceptable risk and therefore a candidate for policy renewal.



Nobody has commented on this tip yet. Be the first.


URL: (optional)


Not finding the advice and tips you need on this Car Insurance Tip Site? Request a Tip Now!

Guru Spotlight
Carma Spence-Pothitt