So, will your insurance rates go up? Maybe. It depends. The answer is yes, no, and maybe. Let me explain to you why. I know that’s not super confusing, but this is why if you’re involved in a car accident or any accident, broken windshield, whatever the case is, any incident, your insurance rates may go up. Their insurance company, your insurance company is a business. It doesn’t make a difference if you have multiple claims, even if it’s not your fault eventually that business will make a business decision to raise your rates.
Now, typically if it’s not your fault the rates should not go up for your auto insurance policy. If the other side causes the issue the other side may cover it and your insurance company may not go up. Do you have to use your insurance? Yes, because Florida is a no-fault state, but your rates should not go up especially if it’s one of your one or two car accidents.
Now if you live in an area with high crime it may go up because if you live in an area that there’s a lot of broken windows and a lot of car tests a lot of one of the cases and your car has been part of that it’s not your fault, but if it happens too often, yes the insurance rates may go up. If you get a car accident one day, another day and you could get in two or three or four or five and a year, yes, your insurance rates will go up even though it was not your fault. But typically the answer would be no. Your assurance rates should not go up if you are not at fault for the car accident. But because the insurance companies are a business they can make the financial decision whether to raise your rates and really the reason why they do it is because they’re trying to push you out or if they don’t push you out, it is to generate more income for their shareholders at the insurance company. Call us today at 813.421.3411 for more information.
(Transcript from the video, transcribed but not reviewed)