Jun 03 '16

Raised Insurance Rates?

Written by Michele Wilmonen. Posted in Ask An Insurance Question Last Updated: 06/28/2016

Question: I live in Montana and have Geico. I’m 46 with a spotless record and great credit history, because I know that matters. Newer Harley lost traction around a corner, only doing 10-15 mph. No ticket, no other vehicles involved, just slid out on loose gravel. Estimate for damages around $1800. Deductible $500. What do you think? Raised insurance rates?

Answer: Most likely not going to see raised insurance rate. It’s under $5,000 and your driving record is clean and you have a good credit score. But, you just never know if you will have raised insurance rates or not until you get your renewal.

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Michele Wilmonen

Michele's first introduction to insurance was working for a major insurance company as a file clerk and a mailroom supervisor in a regional office. She learned insurance directly from underwriters and claims adjusters from questions and also watching them do their job. Since then, she's earned a number of insurance certifications from the Insurance Institute of America and also a Bachelor’s degree from the University of Idaho. She blogs at Car Insurance Guidebook.

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Raised Insurance Rates?

Michele Wilmonen

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