Insurance Rates Increase 41% After One Claim: Report

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Insurance Rates Increase 41% After One Claim: Report

Making a claim on your auto insurance could result in some steep rate increases.

According to a new report by InsuranceQuotes.com and Quadrant Information Services, the average increase after making one claim on your auto insurance is 41.17 percent in the U.S., an increase of three percent compared to last year. The study, which compared the average premium increases for all 50 states and Washington, D.C., found that the largest increase after one claim was in Massachusetts, where the average person saw their rates jump 76.27 percent.

SEE ALSO: Usage-Based Auto Insurance Popularity Wanes

On the opposite end of the spectrum, Maryland drivers saw an average increase of 21.59 percent after one claim. The average annual premium in the U.S. was $814.99 according to the study, which jumped to a national average of $1,150.50 after one claim.

The study used a hypothetical 45-year-old married female driver who is employed, has an excellent credit score, no lapse in coverage and has filed no prior auto insurance claims. Filing a second claim in one year is even more costly, with an average annual premium increase of 93 percent.

  • Disqus11111

    “The study used a hypothetical 45-year-old married female driver”. In other words, the study is pure BS.

  • r l

    so in reality the rates probably triple, insurance companies are evil