I hit a tire that was in the road. When I got home I looked under the car and I was losing transmission fluid. After about 40 minutes, it stopped dripping completely. The next morning I called my insurance company and there wasn’t much of a conversation. They pretty much said I could take my car anywhere I wanted to get fixed and that I would be contacted by the "adjusters". So I was like oooooooooooook.
I had my car towed to a transmission shop. They said I needed a new oil pan(transmission fluid pan, not motor oil). I got my car back that same day. The amount was $257. My deductible is $500.
Here’s my question. Since the amount I paid was less than my deductible and I paid out of pocket, will my insurance be affected at all? I have State Farm. Does it affect your rates just for **the mere fact you made a claim**? What about discounts? For example, the Accident Free discount. Would that be lost? If so, how long before those discounts are reinstated?
You would need to ask your agent how your rates would be effected.
Since there is not going to be a claim payout (the damage is less than your deductible)
However, since you have reported a claim….it could affect any loss free discount you had.
But your best source of information regarding your rates will be your agent.
It could affect your insurance..
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You would need to ask your agent how your rates would be effected.
Since there is not going to be a claim payout (the damage is less than your deductible)
However, since you have reported a claim….it could affect any loss free discount you had.
But your best source of information regarding your rates will be your agent.
References :
You filed a claim, you will see an increase in your premiums and you lose your discount. Usually takes 3 years to get back to somewhat normal coverage.
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Ask the agent. I know that with Nationwide if the claim is less than $1800 then there is no impact to insurance rates.
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No, you have nothing to be concerned about. If your company did not pay anything out your incident will have no affect on your insurance. ….
BTW, you were not "like"…. (So I was like oooooooooooook.
but You may have "said"….oooooooooook.
People would do well to eliminate the immature california valley girl "speak"
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The words we use and the way we use them DO make a difference.
If you’ve filed a claim it doesn’t matter whether the insurance paid anything or not. It’s still going against your record with that insurance company. Frequency of claims is almost more important than the dollar value of claims.
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