Will my claim for personal injuries or wrongful death resulting from an automobile accident or motor vehicle collision affect my Florida insurance premiums?
The process for determining your automobile insurance premium is extremely complicated and based on many, many factors. Among others, these factors include the age and value of the vehicle being insured, the number of drivers, the age and sex of the drivers, your residence, where the vehicle is being stored, the distance that the vehicle is commonly driven, and the purpose for which the vehicle is used. In addition, many insurance companies consider whether the policyholder (or anyone in his or her family) has a history of claims in determining the premium amount. However, it is improper for an insurance company to raise your rates for an accident that was not your fault, although the insurer is not required to renew your policy at the end of the policy period. This happens commonly when the insurer believes that you are no longer a good “risk” for the company. Sadly, despite the overwhelming wave of “friendly” insurance company advertisements promising that the insurer will provide yo
