My car was stolen and then involved in an accident. Will my auto insurance go up because they will have to pay for the repairs, even though none of this was my fault?
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gardenia
ANSWERS: 3
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Read your insurance policy. your answer to this question. lies within the covered articles, in your policy. also, did you report your automobile stolen to the police? if so, was the police report made before the hit and run accident? to receive a true answer, to your question, call and talk to your insurance agent. they will have an answer. it may not be the anwer you are seeking, but, at least you will know. insurance companies base their decisions on their customers past driving record, claims processed in your behalf, and events of each incident. if you have not filed an insurance claim lately, and your theft of your vehicle is valid, i see no reason why your insurance premiums should increase.
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A theft claim is typically filed under your comprehensive coverage which rarely results in a increase in rates. It depends on your specific policy and your carrier. Most likely it will not result in an increase to your premiums, but you will have to check with the insurance company. While you're at it, you should get a copy of your policy and have your claim adjuster or agent show you where in the policy it states that you will or will not penalized for this claim. Better safe than sorry. Hope this helps.
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You would have to prove to the insurance co. that you were not involved in the accident. You must show where you were when the accident occured, why you could not have been in the location of the accident and that you had reported that your car had been stolen before the accident occured. Not knowing the person who stole your car would also help.
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