Vehicle Insurance Company Boca Raton Florida FL
Reader’s Question:
I’ve had a couple of minor accidents here in Boca Raton, Florida, although I was never found to be at fault in any one of them. Does my insurance company have the right to raise my premiums?
Alvin,
Boca Raton, FL
Before we discuss the answer on whether your insurance company has the right to increase you premiums or not, let us first determine the effect of accidents in your premiums. Usually, premiums increase because of accidents car drivers get into. Although, in effect, the costs that result from accidents are shouldered by your insurance company, the company is still thinking whether you are profitable to them or not. If they see that the payment they make for the damages is more than what you have paid them in the form of premiums, they may require you to increase your premiums and consider you as a high risk. However, it is always dependent on the type and severity of the accident plus the frequency of its recurrence. Now, the insurance company may tell you to increase you premiums but it is you who should always decide whether to pay an increased amount or not. You may ask your insurance agent there in Boca Raton Florida to give you lower premiums and get into a better compromise.
Otherwise, you could always check other insurance companies and see whether you could get a better deal with them. You could buy auto insurance online and compare quotes. But remember that these companies will always look at your driving history and previous car insurance policy, so it wouldn’t hurt if you already expect an increase in your current premium.
Tags: auto insurance, auto insurance premium, car insurance cost
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