I'm debating whether to file a claim with my auto insurer for a $1,000 repair to a damaged bumper. I have a $100 collision deductible. Will filing a claim increase my premium? –E.E., Plainsboro, N.J.
It might. You could lose a claims-free discount, or your insurer could add an accident surcharge that boosts your premiums for several years. The specifics vary depending on your insurer, your state and your policy, but you could end up paying more in extra premiums than you receive from your insurance company for the claim.
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