Simulate how claims can affect your auto insurance premium over time.
At-fault claims typically have the largest premium impact.
How long does the impact of a claim usually last? (Typically 3-5 years)
Is filing a claim worth it relative to the deductible?
When a claim is filed, insurers view you as a higher statistical risk. This trigger-based adjustment is meant to offset the likelihood of future payouts.
Impact isn't permanent. Most surcharges "decay" or disappear over a 36 to 60 month period of clean driving, gradually returning your premium to baseline.
Many states have "thresholds." If a claim is below a certain dollar amount (e.g., $1,000), insurers may be legally prohibited from raising your rate.
The true cost of a claim is Deductible + Total Surcharges over 5 years. This "hidden" cost often exceeds the immediate repair value.
Find the mathematical "sweet spot" between monthly premiums and out-of-pocket risk.
Calculate exactly how much cash reserve you need to safely handle your insurance deductibles.
Use demographic and regional data to estimate the likelihood of filing a claim this year.