Quote:
Originally Posted by xdavidx
Only time it doesn't count against you is if 1) it is the other insurance company paying (other party fault) or 2) it is below the $ threshold that company has to determine if it will count against you. Even then, if you have enough claims that are not your fault or cheap, they will start increasing your rates as you will be considered higher risk. Insurance rates are more complex than the old myths we have all come to believe.
The $ threshold creates a lot of confusion as it varies by company and claim type. One guy may have a hit and run and it does $3k damage and his rates don't go up. Another may have a hit and run and it does $3,001 and his rates will be increased. First guy assumes hit and run / no fault doesn't increase rates and posts that on internet forums, four other guys had the same experience and confirm, and then everyone thinks that. A year later, the other guy is like WTF caused my rate to spike?
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Insurance in general causes a lot of confusion! There are very, very few "rules" that apply to everybody equally. Location, company and type of policy are what set what applies to each individual. A person in the same location and with the same company but a slightly different policy can have different requirements or payouts. It is a very individual business so when people start applying what happened to them it could be totally meaningless to anybody else.