Which Claims Make Home Insurance Rates Increase the Most?

Home Insurance Premiums After Filing a Claim

 

It’s possible for your home insurance to go up after you make a claim. Whether your premiums rise depends on what type of claim you make, your claim history, and an assessment of the property. Although your premiums will go up based on a variety of other factors, the type of claim you file plays a significant role.

 

Fire claim:

Average Price Increase: $273

Average % Increase: 20%

 

Liability claim:

Average Price Increase: $260

Average % Increase: 19%

 

Theft claim:

Average Price Increase: $253

Average % Increase: 19%

 

Weather claim:

Average Price Increase: $107

Average % Increase: 8%

 

As you can see, the type of claim you file will have a big impact on your premium after the claim. When you’re looking for homeowners insurance, contact your insurance professionals at Kneller Agency. Our dedicated experts are ready to assist you with all your home insurance needs.

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