Washington Insurance Rate Quote

Reader’s Question:

What law(s) governs insurance rate quotes in Washington? Can an insurance carrier increase a quoted rate after you purchased the auto insurance and you have provided all the information about your driving history?

Pam

Bellingham, WA

Each state has its own statutes or laws that govern insurance carriers. Most states have insurance regulators or department of insurance (DOI) as part of the state government agencies to assist consumers understand their rights, get needed insurance for things such as cars or file a complaint if necessary.

Most insurance regulatory bodies know that the discrepancy in a quote compare to the actual premium insurance rate can be because of information that was revealed by your drivers record or other researched information that required the original insurance rates to be changed. These agencies in Washington do encourage individuals to get an explanation for the increase and urge those that feel the first quote was intentionally low to get a person’s business to file a complaint.