Will my liability insurance rates increase if I file a claim?

Filing a claim on your liability insurance can sometimes cause your rates to increase. Insurance companies may see you as a higher risk if you have made a claim in the past. It’s important to weigh the costs of a potential rate increase against the benefits of filing a claim. If the claim is for a large amount, it may be worth it to file, but for smaller amounts, it might be better to pay out of pocket to avoid a rate hike. It’s always a good idea to discuss the potential impact with your insurance provider before making a decision.

Posted by Alyssa DiCrasto

Alyssa uses her many years of experience writing about complex industries to research and create clear content that makes insurance easy to understand. She has been with Rate Retriever since its beginning, establishing our strict editorial policy and directing our comparison experience.

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