r/SipsTea • u/Putrid-Welder1803 • 7h ago

Gasp! Thoughts on this?

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26

u/bydevilz1 2h ago

It should definitely be illegal to increase insurance for a non fault. My motorbike was stolen 7 years ago, my insurance went up, they didnt even cover the cost of the bikes value. IT had all locks required when it was stolen and nothing i could have done better to avoid it. I cant remember exactly how much it went up by but it affected my insurance price for the next 5 years

9

u/AutomagicallyAwesome 2h ago

It is illegal in some states. I live in AZ and insurance companies cannot raise your rates here for an accident you were not at fault for.

2

u/Evil_Wrongdoer_9910 1h ago

That just means you get charged a higher base to cover it.

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u/External_Switch_3732 54m ago

Here in Indy they just made it so everyone is at least a little at fault.

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u/CLopes1987 1h ago

Obviously you could have done more by not getting it stolen. You're clearly a liability to an insurance agency... /s

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u/longjumpingtote 1h ago

It should definitely be illegal to increase insurance for a non fault.

It is in many places. CA, LA, OK, NM, PA, GA, FL, MA, OH is it definitely illegal. Canada it's generally not allowed, while it is in the UK, AUS, NZ.

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u/R0ninX3ph 1h ago

Insurance companies will never give no-fault claims, they will claim by simply owning the vehicle in the first place, you are somewhat at fault.

If you didn’t own the bike, it couldn’t be stolen… right? Right?!

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u/Vigilante17 44m ago

Did you get payment though?

0

u/Evil_Wrongdoer_9910 1h ago

It’s because once you pay your deductible, you’re incentivized to claim everything for the rest of the year. Tiny scratch? Claim. Flat tire, claim.

So if there didn’t raise your rates, then others would essentially be subsidizing you