How Does Being in an Accident Effect Your Auto Insurance Rates?
One of the first things that goes through most people's heads when they are an injured but involved in a collision that does damage to their or someone else's vehicle, is how this will affect their insurance rates. The long and short answer to this is that it depends on the company you are with. Different companies have different formulas and guidelines for calculating this when you make an auto accident insurance claim. Some of the variables include whether or not you are at fault, how long you have been with your current company, whether or not it is your first accident which can sometimes be forgiven, etc. Some companies remove your good driver discount even if you are not at fault. Shopping around and doing your due diligence is always wise when seeking any type of insurance coverage.