How does the claim affect your auto insurance policy?
How does the claim affect your auto insurance policy? As a person with auto insurance, you have to know that when you enter a claim process, this will be reflected in the cost of your policy and premiums. It all depends on the type of insurance coverage you have. Check with your insurer and tell them in detail what happened, your insurance company should advise you. Also, keep in mind that by filing frequent claims, insurance agents may classify you as a high-risk driver and change your coverage options to more expensive ones.
It is important to comply with everything your insurance company asks of you when filing a claim. If not, you run the risk of not getting an answer the next time you need help. You have to evaluate your decision very well when filing a claim, if you do it unnecessarily or very frequently, it is very likely that your auto insurance price will go up.
Should I introduce a claim process or not?
Having a car insurance policy is a monthly investment that can save you expensive expenses in the future. It’s a smart investment in your financial stability that helps protect your assets in case of accidents and emergencies. If you have an accident, and you have good auto insurance, file a claim – that’s what it’s for!
On the other hand, if you want to make a claim with your collision and comprehensive coverages (known together as “full coverage” or “complete coverage,” or “full cover” coverage in English) it is important that you evaluate the damage that your car suffered and compare the cost of repair against the cost of the deductible. If the cost of the repair is less than your deductible, there is no benefit in making a claim: the insurer only pays costs above the deductible value.
It is also possible that after a claim, the payment rate and monthly price will increase. Is this monthly increase worth it, or is it cheaper for you to pay it yourself? Each insurance company has different policies that are adapted to the legislation of the state in which they are located and can protect your money in any way. The objective is that you minimize the number of claims so as not to increase the monthly rate of your insurance policy and maintain the best coverage for the best price.
If you wish to request more information about the Sigo Seguros claim process, you can contact us. We are prepared to guide you to make the best decision.
The cost of auto insurance with comprehensive coverage can save you much more expensive expenses and penalties in the future. We all make mistakes, and with auto insurance you can rest easy in case you have an accident.
Fill out the online form or call us and get a free auto insurance quote with Sigo Seguros.