Top 10 Insurance Myths Explored

Premiums always go up after a claim:

Some people say that your premiums will always go up after you file a claim, a theory that pushes people to avoid going through insurance after an accident.

While many at-fault claims will likely result in an increase in next year’s premiums, not-at-fault claims usually don’t. That means if you’ve been rear-ended or if someone overestimates their parking ability, you can file that claim without worry of having to spend more down the road.

Additionally, some insurance companies offer “accident forgiveness” which means your first at-fault accident won’t impact your premiums.