Timeline for Can my insurance company raise my rates for asking them about a claim I may not file?

4 events

when toggle format	what		by	license	comment
Nov 12, 2017 at 18:42	vote	accept	techturtle
Nov 10, 2017 at 8:21	comment	added	TripeHound		@DStanley They presumably have an actuarial figure for the "expected cost of damages caused by a 16-year-old" (averaged over Bentleys and Yugos). My guess is in a totally fair world, the premiums should only rise if there is evidence to suggest that actual claims will exceed this expected value... so the value of this claim could play a part, but, I would say, only if there is other evidence that this is not an "expected" claim (e.g. if this was the fourth such claim in as many months; over the "average" of a 16-year-old).
Nov 9, 2017 at 21:54	comment	added	D Stanley		Thanks for adding an answer, that's good information. The last bullet is interesting, though. I would have thought that your rates were based on the probability of future accidents and that the cost of the prior accident would be irrelevant. Whether you hit a Bentley or a Yugo, your changes of a future accident are the same. Perhaps they're trying to make up for additional costs that they did not factor into their risk analysis, though.
Nov 9, 2017 at 20:44	history	answered	techturtle	CC BY-SA 3.0