Accidents and Auto Insurance Rates

If you have recently been in an auto accident you are likely already dealing with considerable stress, but worrying about whether your car insurance rates will increase as a result shouldn't be your priority when making a claim.  Here are some facts about how accidents affect car insurance rates and what you can do to minimize the effect of potential rate increases should this ever happen to you.  After all, car insurance is meant to keep us protected in case of an accident, and finding the right plan will ensure that.

Knowing Your Policy

This may seem obvious, but knowing exactly what is covered in your insurance policy and what happens in case of an accident will ensure that you are prepared if it should occur.  Depending on your policy, you may or may not have an insurance premium hike after an accident.  This is a good thing to know when you are shopping around for car insurance.

Choosing A Policy With Accident Forgiveness

There are a number of auto insurance policies on the market that offer at-fault accident forgiveness.  This means that your rates will not go up for an accident.  The forgiveness programs vary by company so it’s important to find out the details.

Contact Your Local Independent Agent

An Independent Insurance Agent is a great resource for you in knowing how different companies assess surcharges for a variety of claims.  In simplistic terms, generally, the more claims you make the higher your insurance rates will be.  But, your Independent Agent can help you determine which company is the right fit for your insurance needs.