07-29-2019, 04:58 PM
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#36
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Undisputed El Presidente
Join Date: Jun 2012
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Location: Stockton, CA
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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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IF that is the case I can tell you State Farm pays at least $8100 and doesn't have it go against you.
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"Just like how a strut bar somehow enables you to corner 20MPH faster around a cloverleaf on-ramp, when the reality is, you can do it already but you just don't have to balls to do it." - CSG David |
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