i live in California and got my license in sept 2007 then within two months of getting my car insurance(state farm) i got into a at-fault accident, my current policy runs till april 2008 and i currently pay 1022 every 6 months with a good student discount, also the damage on my car was worth 6,000 and i have a 1,000 deductible the other cars damage was worth 5,000 how much will my premium rise when it is time to renew?
2007-11-30 07:33:14 · 8 answers · asked by Dabid D 1 in Cars & Transportation ➔ Insurance & Registration
I think a good idea would be to get a qwik quote from other carriers to "test the waters" and see what the current premiums are running with your current situation. In my opinion, unless you are on your parents policy, State Farm may not be the cheapest for newly licensed drivers, especially with incidents against them. Get a qwik quote, they're free and you never know, you may find a current cheaper rate available for you!
Go to www.qwiksilverinsurance.com for a free qwik quote.
Best of luck to you!
2007-11-30 12:13:10 · answer #1 · answered by CA. Auto Insurance guy 2 · 0⤊ 0⤋
I recommend that you try this web site where onel can compare quotes from the best companies: http://COVERAGE-FINDER.NET/index.html?src=2YAdbM59WVj0LJl
RE :Insurance premium?
i live in California and got my license in sept 2007 then within two months of getting my car insurance(state farm) i got into a at-fault accident, my current policy runs till april 2008 and i currently pay 1022 every 6 months with a good student discount, also the damage on my car was worth 6,000 and i have a 1,000 deductible the other cars damage was worth 5,000 how much will my premium rise when it is time to renew?
Follow 7 answers
2016-08-19 11:13:16 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I work for state farm insurance in oregon and what will happen as once your policy renews after it's current 6 months, then they will add on an accident surcharge to your policy. They won't know how much of a surcharge till renewal. So I would call your agent once your renewal time is here in April and ask them how much it went up. You will also get a statement in the mail before your payment is due with the amount it will be. I would say it will probably go up anywhere from 5 - 25%, but I am not for sure.
2007-11-30 11:10:19 · answer #3 · answered by PG with #3 5 · 1⤊ 0⤋
Many auto insurance companies follow the Insurance Services Office's (ISO) standard of increasing a premium by 20 to 40 percent of the insurer's base rate (not your current rate) after your first at-fault accident. A base rate is the average amount of claims paid plus the insurance company's claims-processing fee. According to the ISO, for multicar policies the surcharge is 20 percent of the base rate, and for single-car policies it is 40 percent.
2007-11-30 08:22:51 · answer #4 · answered by Anonymous · 1⤊ 0⤋
You can save on your insurance by compare quotes at DEALSQUOTE.INFO-
RE Insurance premium?
i live in California and got my license in sept 2007 then within two months of getting my car insurance(state farm) i got into a at-fault accident, my current policy runs till april ...show more
2014-09-19 03:30:32 · answer #5 · answered by Gwennie 1 · 0⤊ 0⤋
For free insurance quotes
2015-01-22 10:00:25 · answer #6 · answered by ? 1 · 0⤊ 0⤋
If you want, you can get free auto insurance quotes at http://WWW.QUOTEHELP.NET
RE:Insurance premium?
2014-06-24 14:36:03 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Expect it to go up about 30-35%
2007-11-30 07:52:22 · answer #8 · answered by Big Deal Maker 7 · 1⤊ 0⤋
I suggest that you check this sitee to examine quotees by different orgganizations in your town totally freee. https://tr.im/y7veX
2016-04-20 08:23:49 · answer #9 · answered by Anonymous · 0⤊ 0⤋
I have found a great price by comparing quotes at: INSUREFOREVERYBODY.INFO
2014-04-14 11:23:48 · answer #10 · answered by Anonymous · 4⤊ 0⤋