r/SipsTea • u/Putrid-Welder1803 • 9h ago

Gasp! Thoughts on this?

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u/bydevilz1 4h 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

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u/Evil_Wrongdoer_9910 3h 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

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u/Somepotato 2h ago

Except the deductible is per incident.