Do Car Insurance Rates Go Up After A Car Accident?
If you are involved in a car accident, you may or may not see an increase in your insurance rates. The chance of increase generally depends on whether the accident was your fault and the severity of the accident. A minor accident caused by the other driver is the least likely to affect your insurance premium.
There are a couple situations in which you may see your insurance go up:
- You are at fault for the car accident. Negligent drivers who cause car accidents often see rate increases of hundreds of dollars a year.
- The accident results in the DMV adding points to your driving record. For example, if you were speeding when the accident occurred, you may receive traffic violation points from the DMV, and your insurance company may increase your rates as a result.
To an insurance company, both of these situations make you appear to be a risky driver to cover. The insurance company increases your premium because they are anticipating paying for future damages.
Some insurance policies provide “accident forgiveness,” which does not fault you for a first-time accident if you have an otherwise good driving record.
Do not pay expenses for injuries caused by a negligent driver. If you have been in a car accident in Athens or the surrounding Ohio areas, please contact the experienced auto accident lawyers at Jan Dils & Jim Leach, Attorneys at Law, PLLC, to schedule a consultation.
This entry was posted on Friday, December 16th, 2011 at 5:45 pm and is filed under Auto Accidents, Personal Injury, Truck Accidents. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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