Law Offices of Robert Dodson, P.A.

The Law Offices of Robert Dodson, P.A on Car Insurance Rate: How Insurance Claims Can Affect Drivers in Years to Come

With the complexities of determining the insurance rates, an auto accident lawyer Columbia, South Carolina-based that specializes in such case, should be sought for advices in regards to car accident insurance to get a fair compensation in case of injury or accidents.

 

Columbia, SC -- (SBWIRE) -- 01/30/2015 -- Getting involved in a car accident could be too troublesome that many drivers will try their hardest to avoid it in fear that they might hit a higher car insurance rate in the coming years. A recent study reveals that even when a driver claim once, 41% more on car insurance based on several factors to determine the increase in rate will be asked in the coming years.

The new study was conducted in aims to de-mystify one the greatest concern of every driver – whether there's an increase in the insurance rate after a minor car accident or none. However, car insurance companies can't give a definite answer in such apprehension. The calculations depend on various factors that include the driving history, which's at fault in the accident and the serious damages in the accident. That makes car insurance rate hard to predict.

To determine the shift in car insurance rates, researchers used a data involving a 45-year old female driver that got married with a job and has an excellent credit score. That driver had never lapsed in coverage nor filed auto insurance claims for the previous years. But these qualities are not an excuse for a car insurance company not to increase her rates.

Researchers found out that there's a big difference in insurance rates in three claims filed (bodily injury, property damage, and a comprehensive claim) and how the annual premiums of the driver were altered. According to the study, drivers with a single claim of $2,000 or more is expected to have their premiums be increased to 41%, which is a $335 increase for an average auto insurance premium of $815 per year; while an increase of 93% is expected from drivers with two claims in a year.

According to the senior analyst at insuranceQuotes.com, Laura Adams, this happens when consumers tend to underestimate the 'consequences of making claims' which has a direct effect on their rate for years. And small claims in premium hike could really hurt a person's finances in the long run since states have varying premium amount increase.

The study also revealed that bodily injury claims from an accident are the most expensive, especially on states with high premium increase such as California with 86%, Massachusetts with 83%, New Jersey with 69%, North Carolina with 58% and Minnesota with 52%.Yet, these premium increases are not permanent and generally last for three to five years. After such period, it will then drop to the pre-claim levels.

With the complexities of determining the insurance rates, an auto accident lawyer Columbia, South Carolina-based that specializes in such case, should be sought for advices in regards to car accident insurance to get a fair compensation in case of injury or accidents.

Since car insurance rates vary from state to state, people are highly encouraged to become observant and keen on choosing insurance companies to get a better deal. So that in case of emergency people will know their rights and address the claims properly.

About the Law Offices of Robert Dodson, P.A.
The Law Offices of Robert Dodson, P.A. have handled a broad range of serious injury, wrongful death, and negligence lawsuits arising from car and auto accidents, medical malpractice, workers' compensation claims and traumatic injuries. They are devoted to providing the highest quality representation for complex litigation matters. They approach cases with dedication, innovation, and creativity, with the knowledge and resources to battle insurance companies and large corporations to achieve justice. They fight for your rights.