Does Car Insurance Increases After Accident
Reader’s Question:
I just had one minor auto accident two months ago and I’m worried that it would automatically increase my auto insurance premium rate. If it does take effect, how much percentage would an increase be on my premium rate?
Anna
San Francisco CA
An increase on car insurance rate would usually be based on the number of accidents or tickets (if you had one), the driver has had already. Usually though, the insurers would first look at who’s at fault in the accident. If proven that you are greatly responsible for the auto accident, then your premium rate would also increase too to a certain percent. The rate usually climbs up to around an estimate of 20%. If you are currently getting a good driver discount privilege, it may not be honored anymore for your succeeding payments. The next step is to find an insurance company who would give a better premium rate for your not-so-good driving history. There are some auto insurance companies though who could cut you loose on the first auto accident if you’ve established long years of good driving history in the past.