Will My Insurance Go Up If I Use My Underinsured Motorist Coverage?
Many people hesitate to use their underinsured motorist (UIM) coverage because they worry their insurance rates might go up. Let’s be clear: yes, your insurance could increase slightly, but in almost every case, the compensation you can recover from your claim far outweighs any minor premium change.
Why You Bought UIM Coverage
Underinsured motorist coverage is specifically designed to protect you when the at-fault driver doesn’t have enough insurance to cover your injuries, medical bills, or lost wages. You didn’t buy this coverage to sit on the sidelines—it’s there for situations exactly like this. Using it ensures you’re not left paying out of pocket for someone else’s negligence.
Even after paying attorney fees, your recovery under UIM coverage will almost always be much higher than any small increase in your insurance premiums. Most policies start at $30,000, but many offer higher limits. Think about it—$30,000 or more in recovery versus maybe a few extra dollars a month on your policy. The math is simple.
The Risk vs. Reward
Yes, there’s a potential minor premium increase. But it’s negligible compared to the financial protection and peace of mind your UIM coverage provides. If you skip using it, you’re leaving money—and recovery—on the table, potentially forcing yourself to pay medical bills or other damages out of pocket.
Take Action and Use Your Coverage
Your attorney can help you file the claim, negotiate with the insurance company, and make sure you get everything your policy allows. Don’t let a small, theoretical increase in premiums stop you from getting the compensation you deserve.
Bottom Line
Your recovery after an accident is likely far greater than any increase in premiums. Use your underinsured motorist coverage—it’s there to protect you when the other driver’s insurance isn’t enough.
