One Insurance Claim Can Raise Rates by 67%: Report

8
One Insurance Claim Can Raise Rates by 67%: Report
Share this Article

A single claim on your auto insurance policy can increase your rates by up to 67 percent depending on where you live.

A report from InsuranceQuotes.com used a hypothetical 45-year-old employed female driver with an excellent credit score, no lapse in coverage and has filed no prior claims to determine how much an annual premium could rise after filing one of three different types of claims: bodily injury, property damage and comprehensive.

SEE ALSO: Bad Credit History Could Double Your Insurance Rates: Study

Rate increases varied widely by state with Massachusetts seeing a 67-percent increase as a result of filing any claim of $2,000 or more. On average, insurance premiums will rise 38 percent after a claim with Maryland posting the lowest increase at 20 percent.

A property damage claim of $2,000 or more could see insurance rates rise as much as 73 percent in Massachusetts while Connecticut drivers will see on average a 22-percent increase.

States with the highest increase in insurance rates following a claim include California, Arizona, Washington, Minnesota, North Carolina, New Jersey and Massachusetts. Meanwhile states such as Alabama, Mississippi, Oklahoma and Wyoming saw the lowest increases.

  • Luca

    rubbish review because i have got one!!

  • Noeladoyo

    woooow love evrything about it especialy the design,exterior and interior
     

  • http://www.localfocus.ca/ Geraldine

    No one will know that better than the proud
    owner of a 360 Modena or F430 when they take a 458 for a ride, “just to
    see what it’s like.”  

  • KillerChicken

    do you?

  • KillerChicken

    awesome

  • Juan

    Doesn’t seem like rubbish to me, I have a 2012

  • Ed

    For sure my 2103 458 spider is the best Ferrari I have ever owned. now I do not want to drive my 2010 Cal or the 2006 612. The sound of the car is what turn you on and the shifting too.

  • Patrick

    Most beautiful cars i have ever seen……God has blessed you guys to actually own these cars don’t take them for granted………..