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Originally Posted by oranje
To claim, or not to claim. That is the question.
So I had my little run in with the pole... so this is an "at fault" insurance claim. I'm with GEICO and have been with them for about 3 years or so and currently pay about $650 per 6 months, for comprehensive with a $500 deductable.
I took the car in for a quote today, and assuming no additional internal damage, they expect the total bill to come to $1,500. (the tail light was cracked in the end as well...)
My big question is... what increase in insurance premium to expect when renewal comes around? And when will I be back at the current level? Considering the deductable, the difference in cost to me for claiming or not claiming is $1,000.
I asked GEICO, but they claim ignorance and say they cannot predict if, and by how much the premium would increase.
Any experience??????
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Quite a predicament. If GEICO can't or won't tell you if your premiums will go up, you must assume that they will. Some insurers give you a "freebie" every so many years. If that was the case, they would have said so (or it would be in your policy). So, with a $500.00 deductable you probably should pay for it yourself.
There's another downside here - Hopefully GEICO or the person you talked to didn't record this. I know it's strange, but they can and will actually raise your rates for an accident even if you don't claim it (provided they find out about it). Even asking a question about water damage to a house can raise your rates. Hell, just thinking about making a claim causes them to go up. Okay, I made the
last one up - but it wouldn't surprise me.....