Question
Will my insurance premium raise after an uninsured motorist claim?
Someone hit and run my car, resulting in around $1,000 in damage. I have uninsured motorist coverage, how much would this increase my monthly bill if I were to claim this? And for how long would this last?
Answer
Uninsured motorist property damage coverage usually comes with a deductible, much like your collision coverage would. However, unlike collision coverage, uninsured motorist property damage claim won't raise your premium as much as a collision claim out. On average, a UIMP claim raises your rates about $98 a year. In Maryland, however, it's only about a $43 a year increase. Compared to a collision (at-fault) claim, which results in a $435 increase. Consider, however, that this is just an average and your company might charge you more or less than this amount. To answer your last question, most companies will charge you for violations for 3 years. So, that $43 stretches to $129 overall plus whatever your deductible is.