Yes, the cost of renters insurance usually increases after filing a claim. Statistically, filing one claim means you’re more likely to file others in the future, so your insurer will see you as a bigger risk and will raise your premiums (the amount you pay for insurance) when you renew your policy.
If you’ve never filed a claim before and your claim was relatively small, the increase in your premiums might also be small. On the other hand, if you’ve filed multiple claims in the past few years or your claim was expensive, your insurer will probably sharply raise your premiums.
What if the incident wasn’t my fault?
If the damage clearly wasn’t your fault — for instance, if your house was hit by a tornado — there’s a chance your insurer won’t raise your premiums, or will raise them by a very small amount. However, there’s also no guarantee, so we recommend only filing claims when absolutely necessary (i.e. when paying for the damage yourself would be a major financial struggle).
