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What is an insurance surcharge?

Updated: 9/17/2023
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13y ago

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Insurance Surchargesa Surcharge is somthing you are being charged extra for because of a specific reason or risk... such as a Surcharge for underage drivers, or a surcharge for a Wood Burning stove... they burn alot of houses you know... ya.. so its just an extra charge they give you to insure you.

Here are some examples on Auto Insurance Polices

Undisclosed Household Drivers Surcharge

Undisclosed Tickets Surchage

Young Driver Surcharge

Inexperienced Driver Surcharge

High Risk Driver Surcharge

High Risk Vehicle Surcharge

Modified Vehicle Surcharge

Happy Motoring

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13y ago
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Q: What is an insurance surcharge?
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Related questions

Does every car insurance company surcharge you for a DUI?

Yep


Why do you have to pay an insurance surcharge?

Because if you don't you will be paying nothing for your bill . If it is overdue.


Which States include a premium surcharge on commercial line insurance?

The premium surcharge would generally be administered by the insurance company for loss history, high risk businesses, condition of premises, etc. If you would like to check with the department of insurance for your state, they may be able to answer your question in greater detail.


Not paying insurance surcharge will it effect your credit score or will the insurance policy just simply be cancelled?

The surcharge is part of the bill and I imagine your policy would get canceled if not paid in full eventually. If it does get canceled you will find it difficult to get insurance through another company and they can ding your credit for non payment but usually that take a few months depending on the company.


Can an insurance company in NJ continue to charge a surcharge for an accident even if insurance points were reduced to 0?

Get proof from the vehicle department and drop it on your broker's desk.


Is an insurance company allowed to charge a new customer an additional surcharge on their policy because they were with their last insurance company three years instead of five years?

Yes, however, it is not an actual surcharge. Prior insurance is a rating factor and determines what rating tier you are put into. It can be based on time with the other company, your bodily injury limits with the other company and if you've ever had any lapses in insurance.


Will the insurance companies add step points to your insurance if someone hits your car and leaves the scene?

No there is no surcharge on a hit and run accident but your deductible still stands. thanks for the question


What diseases can keep you from getting life a insurance policies?

Send in an application and see. You might get the policy at standard pricing or maybe a surcharge.


What does it mean Breakfast available surcharge?

available (surcharge)


What is YQ surcharge tax?

The YQ "tax" is not actually a government imposed tax but an airline surcharge. Typically, the YQ "tax" includes a security surcharge and/or a fuel surcharge.


Will a DUI show up in insurance?

Assuming you mean car insurance, without a doubt the answer is yes. You will likely face what is known as a 'surcharge' meaning your rates will increase, just as if you had an accident. If you homeowner's insurance, that depends on the state, but the answer is most likely "no".


Can an insurance company still charge you a surcharge or increase your premium if you get a speeding ticket reduced to 0 points in NJ?

Yes. There is a difference between driver's license points and insurance points. Anything that is on your MVR can raise your insurance rates.