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What makes an auto comprehensive insurance go from 70 six months ago to 294 Never had a claim a ticket or an accident I need answers?
Wiki User
∙ 12y ago
That does sound like a big increase, but there at least a few factors that may be involved, including:
1. If you lowered the comprehensive deductive, the premium would increase. The deductible is the amount that you have agreed to pay toward the cost of repair before the insurer is responsible for paying anything.
2. If you replaced the old car with a new one. Since the cost of repair may be higher on the new car, the premium would be higher.
3. The insurance company may have applied to the state for permission to increase its rates. A rate is the cost of insurance per $1000 of coverage. The premium is derived from the rate and depends upon the dollar amount of insurance that you purchase.
In most states, insurance rates are regulated by the state regulatory authority. The insurer must generally apply to the state for permission to increase rates. In so doing, the insurer must demonstrate that the proposed rates are neither excessive, inadequate nor unreasonably discriminatory. This means that the insurer is prohibited from making what the regulator deems an unreasonable profit. It also means that the insurer must charge a high enough rate to cover anticipated losses (otherwise it will become insolvent). Finally, it means that the insurer cannot unreasonably discriminate among groups of insureds that constitute actuarially similar risks.
Wiki User
∙ 12y ago
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Is insurance company still liable for medical payments even you no longer carry that insurance?
The insurance should cover an accident while it was in force. If you had insurance 2 months ago and the accident happened 2 months ago, coverages should apply. If the accident happened today and the coverage stopped 2 months ago, there should not be coverage.
Will insurance company pay up after a car accident seven months ago?
If you reported the accident at the time, yes, usually.
What do you need when you've received a summons stating you are being sued for a car accident which occurred 18 months ago?
You should call your insurance co. first. They will have the information you need. If you did not have insurance at the time of the accident or have changed insurance carriers since the accident consult an attorney.
Can you file a police report months after a car accident?
Yes you can file it several months after it has happened. However, it will be noted on the accident report that the event occurred several months ago and when you turn it in to your insurance company they will see that and probably deny your claim.
How long does it take to get insurance money for damages done to your vehicle in an auto accident?
It can take up to six months or longer if there where injuries involved.
How long does an at fault insurance company have to settle your auto accident claim if they are at fault?
it depends on whose fault is it. if yours than around 8 months. if there's than probably 4 months.
Will you get kicked off your car insurance if you have received a 180 speeding ticket and you got into a car accident about 2 months ago?
yes you will. Anfortunatly all insurances do that
What can you do if you were at fault in an accident and your insurance company paid for it but three months later they ask for proof of address and you do not have any?
Do you mean the address of the other person in the accident? Was there a police report made? Did you exchange identification documents? that you did not live at the address you gave the insurance company when you got the policy and now they want proof? If so, I believe you have committed insurance fraud and will probably be asked to reimburse the company for any claims they have paid and will not be able to get insurance again.
Is it possible to get temporary car insurance in Florida?
In the state of Florida, you can buy insurance from 3 months to 6 months to more if you want. They do not have weekly insurance, but as long as its a few months, you can do that.
What features are included in Allstate car insurance?
In addition to accident forgiveness, Allstate offers a safe driving bonus check for every six months of accident-free driving. Allstate is also offering discounts on collision deductible and a new car replacement offer.
Drivers Must Have Proof?
Missouri drivers can get great car insurance rates if they look online or call one of the local companies. The average car insurance premiums in Missouri are $1, 149. This is below the average of other states in the country. One of the only months that rates are higher in the state is October. The rest of the year, drivers see lower rates on their insurance. Missouri is under a Tort system when it comes to who pays the medical expenses after a car accident. Someone in the car accident has to be found to be at fault so that one of the insurance companies can pay the premium. A minimum coverage of $25,000 for one person in the event of an auto accident is required by the state. Drivers can get a higher coverage if they want to do so. A maximum of $50,000 is awarded for each person involved in the accident to pay medical expenses if there are any to pay. There are smaller insurance premiums that can be purchased in the state. Missouri requires that all drivers carry liability coverage, but they are not required to have collision or comprehensive unless they are buying a vehicle. Drivers who do not have insurance and are in an accident cause the rates of other drivers to increase. The numbers of insurance claims that remain unpaid are climbing due to more drivers thinking they can get by with no insurance. Drivers are required to provide proof of insurance before they can get the tag on their car renewed or when they register a vehicle. If they cannot provide this information, they will not get the vehicle registered. If you drive in the state of Missouri, you must have proof of your insurance in your car. Not only must you have proof of the insurance, it has to be an updated copy that has a current date. Not providing this information if a driver gets stopped could result in a ticket. Drivers who are in an accident and do not have insurance will be turned over to the Department of Motor Vehicles.
Can someone sue me for a minor fender bender that occurred 3 months ago The guy has no license and no insurance who drove?
If the accident is proven to be your fault, the driver can still sue you for a minor fender bender.
