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Insurance companies are not allowed to raise your premium if you onoy reported ONE loss but keep in mind that they can always use other reasons such as an across the board premium increase.

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โˆ™ 2006-07-06 12:43:45
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Q: Can your insurance company raise your premium after you report a loss?
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Related questions

Will your premiums increase with no-fault insurance if someone hits you when your car is parked?

The insurance company has no reason to raise your premium, the situation was completely out of your hands.


Does business insurance raise my premium?

Business insurance is based on two principles: one is your risk and history in the industry, and two is history and risk of your company. If these two items are compromised then your premium will be raised.


Can an auto insurance company raise your premium by 100.00 because your a woman?

No, your insurance can't be raised by $100.00 just because you are a woman. There are a lot of factors involved with the way your insurance is priced.


If you can't identify the vehicle or the driver which hit your car in the parking lot would your insurance cover the damage without increasing your premium?

No, if the insurance company has to pay out anything then they will raise the premium in order to make there money back....


If you have a kitchen fire and you stove burns up if you file it with homeowners will it raise your insurance?

No it is unlawful to raise a premium due to claim.


Can an insurance company still charge you a surcharge or increase your premium if you get a speeding ticket reduced to 0 points in NJ?

Yes. There is a difference between driver's license points and insurance points. Anything that is on your MVR can raise your insurance rates.


When can a health insurance company raise their rates?

At renewal.


Will two red light camera tickets raise your insurance?

If your insurance company finds out about the tickets it is highly likely that they will raise your insurance rate.


How long after issuance can an insurance company raise your premium?

Premium Up-Rates The exact number of days may vary from state to state, But in most states any premium adjustments must be made within 60 days of policy issuance. This applies to new insurance contracts as well as at renewal time. Happy Motoring


Insurance raise for a fender bender only minor scratches invoved Geico insurance?

Every company have their own rules regarding premium changes to their policy. You will need to either speak to your agent or the customer representative to find out why your premium change. In some case, you may be able to buy back the claim(essentially reimbursing the claim cost to the insurance company) and have the change removed.


Can your insurance company raise your homeowners deductible without you consent?

it depends on the company


What wouldn't cause your insurance rates to be higher?

Filing no claims on your insurance will not raise your rates. Your insurance agent would just as soon never hear from you except when you pay your premium.

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