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Yes, All losses incurred are used to properly evaluate your risk. If you frequent places where vehicles are stolen or even if you live in an area with high accident or vehicle theft rates then this obviously effects you insurance premium.

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โˆ™ 2007-07-13 07:37:32
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Q: If your car is stolen at the mall can your insurance company raise your rates?
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Related questions

When can a health insurance company raise their rates?

At renewal.

Can an insurance company charge inflation rates?

Insurance company have premium rates, Not inflation rates.

Will a traffic ticket for cutting corners raise your insurance rates?

A traffic ticket could raise your insurance rates. It won't raise them right away, but may come into play when the insurance is being renewed.

Can an auto insurance company raise your rates if you are in an accident?

In Michigan, if another driver is at fault and ticketed, my insurance company and probably others, will not raise your rates. If you are at fault, even if you are not ticketed because the accident was unavoidable, your rates would go up. My insurance company won't raise the rates for one accident, but will raise them for a period of three years after a second accident. If no more accidents during the three years, the rates go back down. If someone else is driving your car and has an accidents the same answer above applies. If you are parked and someone hits your car, even a hit and run, your rates don't go up. Other states may have other rules.

Do you have to declare accident on works policy to your own insurance company?

They may raise your rates so I wouldn't tell them.

Where can I find auto insurance at low rates?

Is there an auto insurance company that has low rates?

Will a no seat belt ticket raise your insurance rates if you got the ticket in MA and you live in NH?

Yes it will. Regardless of what state you get ticketed, your insurance company will catch wind of it.

Are auto insurance companies in Canada allowed to raise rates because of an accident?

Yes they are, and the majority of time that is when they will raise rates, especially when you are at fault. If you were at-fault for the accident and had to make a insurance claim, then your rates will definitely increase, since you are a higher risk driver, and the insurance company had to pay out because of you. If you are in an accident that you were not at fault, then your rates should not increase but they might. Some companies again see this as you being a higher risk driver since you were in a accident, even if it wasn't your fault, so they will raise the rates. If this happens, I recommend switching insurance companies, as a good company should not do this. In either case your rates will not increase until your insurance is up for renewal. At which point, if they do increase I would recommend looking around and comparing prices from other companies

How does a traffic ticket affect your insurance?

It can definitely raise your rates.

Why does medigap insurance rates raise yearly?

cost of inflation

Can an insurance raise if you have been in an accident but not charged?

Absolutely, the fact that you are cited or not cited will not apply. The insurance company will determine your fault. For example, an accident caused on private property doesn't fall under police jurisdiction but you still caused it so your company would raise your rates.

Is there an insurance company list?

It depends on what kind of insurance you are seeking. For auto insurance, Progressive Insurance will show you the rates of some of their competitors. For other insurance, you can usually find a site that searches several insurance company rates.

What are the insurance rates for commercial boats?

Insurance rates depend on which insurance company you choose to do business with. When you decide which insurance company you want to insure your commercial boat, you fill out a quote for your particular coverage.

What company has the best auto insurance rates in Philadelphia?

You will find the best auto insurance rates at

AAA insurance raise cell phone driving ticket?

Yes, in some cases your insurance company will raise the rates on your policy if you receive a ticket for driving while using the cell phone. AAA offers discounts for safe drivers.

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.

Can the insurance company raise your rates from a claim they missed five years ago?

What do you mean they missed? If it is a chargeable accident then I would think yes, but to be sure I would contact your states dept of insurance.

If your parked car is hit by an uninsured motorist what action can you expect from your own insurance company?

You won't be liable. your insurance company should pay for the damages. i highly doubt your rates would go up for the incident, but some companies have been known to raise rates for such a incident. you pay in the end anyway.

Will a 2 point speeding ticket in a construction zone while driving a company vehicle raise insurance rates?

In Holland, whatever the speed you were driving, no. Insurance companies don't get that kind of information here. Unless stated otherwise in the contract, one can expect that causing accidents will raise rates because your insurer has to pay out.

Will your insurance company take into consideration where you live when calculating your insurance rates?

Yes they do.

Will a no fault accident raise your insurance rates?

You need to check with your agent or policy services for you company. They can tell you their rules for accident/claims related rate increases.

Does a texting while driving ticket add points to your driving record?

No, but your insurance company can still see the violation on your driving record and raise your rates at their discretion.

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.

Which websites offer insurance company ratings for automobiles?

A.M. Best Company rates various companies, including automobile insurance companies. Another option is Weiss Ratings, a company that rates an insurance company's financial strength.

Are the rates regulated by the insurance commissioner for admitted insurance companies?

Yea, all admitted insurance companies are to follow the guidelines of the insurance regular of the respective country. they can not raise the premia rates whimsically and any enhancement of rates are to be accepted and confirmed by them before their implementation.