The commercial website Reviews.com has good information about the effect an auto collision can have on your insurance rates. Read the article, but here are the opening paragraphs:
- Car insurance premiums can increase by an average of 44% after an at-fault accident.
- Where you live and the cost of damages associated with your accident can help determine how much your insurance premiums increase after an accident.
- Car insurance companies with accident forgiveness programs may offer more competitive rates for car insurance.
Sometimes car accidents happen despite our best efforts. It could be the result of weather, road detours, or an impaired driver. Whatever the reason, an accident on your driving record could mean a big jump in car insurance rates, depending on which car insurance provider you have. Other rate factors that affect your premium include your credit score, driver history, the car you drive, and where you live.
Many experts agree that drivers can expect to see their car insurance premiums go up after an accident. However, understanding how much premiums go up after an accident is a key factor in deciding whether or not to file a car insurance claim.
Your Car Insurance Costs Can Increase 44% After an Accident. Should You File a Claim?
