More and more people are embracing modes of personal transportation, such as cars, to keep them mobile for work and leisure. As it’s a large investment, it’s sensible to cover your vehicle against unfortunate incidents by purchasing car insurance. However, when multiple incidents occur close together and you decide to file a claim, what happens to your car insurance? Is there a limit to how many car insurance claims you can make in a year?
Car Insurance Claim Frequency
Most insurance companies have no specific limit for general claims. As long as you are making the regular premium payments on time and are only filing due to legitimate problems, then you shouldn’t have a problem filing multiple claims in a year.
However, many insurance companies do have limits on at-fault insurance claims. If you have two or more at-fault insurance claims in a three-year period, then your insurer will categorize you as high-risk, and your premiums may increase as a result. If they think you are too high-risk, when it comes time to renew your policy, they may drop you from coverage. Even if you file multiple claims within a week of each other in the three-year window, your insurance company will treat them as multiple claims on your record.
Remember that with each claim you file, you will need to pay your deductible first before your insurance can step in to help. If your deductible is $1,000, you will need to pay this first so then you can claim compensation.
How to decide whether to make claims or not
It’s true that there are no limits to the number of car insurance claims that you can make throughout your p0licy. However, in certain situations, not claiming car insurance would be the best option. Generally, if the deductible is higher than the repair expenses, it is not worth filing a claim. Keep in mind that the more claims you file, the more your insurance premium may increase.
For all of your car insurance needs, contact C.V. Mason Insurance Agency in Bristol, Connecticut. We will work with you to ensure you have the right amount of auto insurance coverage, all at the right price to fit your budget.