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How can I deal with a 25% premium hike by my car insurance company after a minor accident?

I had a minor accident with a lightly scratched bumper and the other car getting a little dent on the door. My premiums have suddenly gone up almost 25% from about $85 to $105!. I am shocked at this because my deductible is pretty high $500and the cost of the repairs was less than $2000 dollars. This is the first incident i have had...I need advise on my options, should i leave my insurance company and find another? Are there any recommendations? I live in silver spring, Md and work in washington dc. I am very disappointed, please advise. Thank you I reviewed the estimate and it cost less than 1100 to fix my car and less my deductible it was $566!! The other guys car's dent was so minor it could not possibly cost even 150 to fix, I think this is extreme and am quite shocked at the degree of the hike

Public Comments

1. get a bicycle
2. It is always a good idea to shop around for car insurance to get the best rate...
3. shop around. it sounds like you are being taken for a ride.
4. If your not happy with the service or the premium then by all means, shop around. Even though your loss was less than $2000, the insurance company still has the right to take that into consideration when factoring your premium. Thats called a loss threshold. Most states have a threshold of $750-$1000. That means any loss above that can be considered when they factor your premium. I know this because I'm an Insurance agent. I may sound like I'm on the company's side but I'm not. I don't agree with the increase if they have been a good customer with a GOOD driving history. I suggest that you call your Insurance company again and ask them to review the premium increase, provided you have a GOOD driving record and payment history. Hope this helps.
5. Improve your driving skills. Insurance companies are in business to make money. They are not going to just give you $1500 to pay for your accident. They will raise your rates to recover their money. It's simple. Have accidents, and file claims. Your rates go up. Don't file claims, your rates go down. Have too many accidents. They'll cancel you. You can switch insurance companies. But the others will be able to find out about your accident, and will set their rates accordingly. So you will be paying higher rates, until this accident clears off your record.