Car Insurance Costs Rise 38% After One Claim, Almost Double After Two Claims
Massachusetts Has Largest Post-Claim Increase, Maryland Has Smallest
SAN FRANCISCO, Dec. 17, 2013
SAN FRANCISCO, Dec. 17, 2013 /PRNewswire/ --Drivers pay an average of 38%
more for car insurance after making a single claim, according to a new
insuranceQuotes.com report. The hike is steepest in Massachusetts, where just
one claim leads to an average premium increase of 67%.
California (+62%) and New Jersey (+59%) are not far behind. Maryland has the
lowest post-claim increase (+20%), followed by Alabama (+22%) and Michigan
A second claim puts an even deeper dent in Americans' wallets: a driver with
two claims pays nearly twice as much for car insurance as a claim-free driver
"The biggest lesson for consumers is not to file a claim unless absolutely
necessary," said Laura Adams, a senior analyst at insuranceQuotes.com. "Making
a claim for a few hundred dollars doesn't make sense if your premium is going
to skyrocket as a result."
In addition to geography, the increases are also affected by the type of
claim. Bodily injury and property damage (including collision) claims are the
most expensive (+42% and +41%, respectively). Comprehensive claims (for
non-collision events such as theft) are the cheapest, barely moving the needle
The full study, as well as a helpful "Should I Make a Claim?" calculator, is
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insuranceQuotes.com commissioned Quadrant Information Services to examine how
claims affect car insurance premiums. Quadrant calculated rates using data
from six large carriers in all 50 states and the District of Columbia.
Assumptions included a $2,000 claim and policy limits of $100,000 for injury
liability for one person, $300,000 for all injuries and a $500 deductible on
collision and comprehensive coverage.
insuranceQuotes.com provides consumers with a free, easy way to shop for and
compare insurance quotes online, and delivers information about auto, home,
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