Car Insurance Rate And At Fault Accident

Reader’s Question

How much does my insurance increase if I caused the accident and if the other party claims injury?

Dion

Miami FL

You may anticipate a 10%-15% increase in your premium though there really is no specific amount in the increase. For drivers who have been indicted of accident or who have made a claim against their policy, insurance companies oblige a surcharge or charge points. The insurance companies are obliged to file their rates and guidelines with the state regulatory bodies like the Department of Insurance. Thus, there really is no law which tells that an insurance company can increase your premiums because of an accident. It’s just a matter of how these rates are filed and passed on to you as a consequence of an accident.

It is very important to keep a clean driving record and avoid accidents and traffic violation to keep you car insurance premium down. You may try taking defensive driving program to help lower your car insurance rate.