Is it when you renew your policy, or do they hike the price on the policy that you currently hold?
2007-02-09 19:24:12 · 13 answers · asked by nigel h 2 in Cars & Transportation ➔ Insurance & Registration
Its the next time you renew your policy.May be a good idea to get plenty of quotes from other places too.
2007-02-09 19:26:37 · answer #1 · answered by Anonymous · 0⤊ 2⤋
The policy you currently hold is a contract that stays in place until the end of its term. When you renew is when you will see any increase.
2007-02-09 19:50:51 · answer #2 · answered by patti duke 7 · 0⤊ 0⤋
next time you renew the policy there may be an increase in premium providing all other factors stay the same, unless of course you have protected no claims bonus
2007-02-10 02:13:04 · answer #3 · answered by Martin14th 4 · 0⤊ 0⤋
When the policy is renewed
2007-02-10 04:34:35 · answer #4 · answered by WelshLad 7 · 0⤊ 0⤋
When they renew your policy they look at your history. So if you've had one or more accidents then you're likely to be a higher risk; hence costing more.
2007-02-09 19:29:29 · answer #5 · answered by Felidae 5 · 0⤊ 0⤋
Generally how it works, and this depends on what state you live in.. Is first off if your are involved in an accident, and are at fault as long as the damages to the other persons property(auto,property,bodily) is less than a 1,000 dollars your rates should stay the same.. If there above the 1,000 dollar mark then your rates could go up anywhere from 20-40% depending on the damages.. Also if you are in an accident, and are not at fault your rates will stay the same.. Meaning if your veh is messed up, and it will cost 5,000 to fix it your rates should stay the same.. You would just have to pay your ded... Now as far as when your rates will increase if they are going to is usally on the next billng cycle...
2007-02-10 11:06:16 · answer #6 · answered by D.L. 4 · 0⤊ 1⤋
When you renew and new insurers ask if you have claimed so they would factor it in if you tried to move providers.
2007-02-09 19:59:35 · answer #7 · answered by Anonymous · 0⤊ 0⤋
yes, when you renew your policy the insurance company will run your MVR and check other records and charge you accordingly
2007-02-09 21:02:56 · answer #8 · answered by Anonymous · 0⤊ 1⤋
It's when you renew
2007-02-09 19:27:07 · answer #9 · answered by flyingconfused 5 · 1⤊ 0⤋
it just when you renew ur insurance
2007-02-09 19:32:30 · answer #10 · answered by Anonymous · 0⤊ 0⤋