Eli5: What scenario actually causes your insurance premium increase?

eBay / IT
manorama

eBayIT

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manoramamore
Jan 25 2 Comments

Car lost
Car damaged with uninsured driver
Car in collision with your fault
Car in collision with other person fault
Hitting some pole
Hit and run case
Any other scenario

Also when is a good call to pay it yourself rather than involving insurance to pay for it

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TOP 2 Comments
  • Salesforce hfgnntunv
    Pretty much any scenario when your insurance has to pay will result in premium increase. Some companies have a threshold (700-$900). Basically they let minor damages slide.
    Jan 250
  • OpenTable Meliodas
    Any of the above could do it.

    It is a good idea to pay for it yourself when the time and money is worth the hassle.

    $200 damage vs. $20K, for example.
    Jan 250

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