A New Article Explains How Car Insurance Rates Are Affected By An Accident

LOS ANGELES, Aug. 24, 2020 /PRNewswire-PRWeb/ -- Compare-autoinsurance.org has launched a new blog post that presents how car insurance premiums will change for a policyholder who files a claim after an accident.

For more info and free car insurance quotes, visit https://compare-autoinsurance.org/car-insurance-after-an-accident-how-are-premiums-affected/

Before making a claim to the insurance provider, drivers should consider a few things before making this move. According to a recent study, drivers who make a single auto insurance claim saw their premiums increase on average by 44.1%. Also, the reported premium increases weren't for individuals who have a history of unsafe driving. Even after a single claim, premium increases can be significant.

Drivers who want to file a claim after an accident should consider the following:

    --  How much the premiums will rise. The increase drivers can expect to see
        on their insurance premiums after an at-fault accident varies by
        location, driving record, vehicle, and the insurance company. Drivers
        can expect anywhere from a 23% to 73% increase in premiums in year one
        after an at-fault accident.
    --  Insurance premium increase by state. Some states report costlier
        increases than others. Drivers living in states such as North Carolina,
        Massachusetts, Texas, New Hampshire, and California can expect to see
        their rates increase after an accident from 57.3% to 63.1%. On the other
        hand, drivers from Kentucky, Montana, Oklahoma, Michigan, and Maryland
        will see their rates go up anywhere from 21.5% to 30.6%. Increases in
        the premium paid can last as long three to five years after an at-fault
        accident if the damages to the vehicle exceed over $2,000.
    --  How to lower the premiums. Be prepared and purchase accident
        forgiveness. Not all companies offer this, but those that do will give
        the policyholders a one at-fault accident forgiveness with no increase
        in premium if they fit certain criteria. Other methods involve raising
        the deductible and improving the credit score. Furthermore,
        policyholders should avoid filing claims for small things after they
        have filed a claim on an at-fault accident.
    --  Which claims affect the premiums the most. Bodily injury claims can
        cause the premiums to spike the most. A single bodily injury claim will
        result in an average premium increase of 48.6%.
    --  What if the policyholder isn't at fault. Whether or not the rates will
        increase after an accident in which the policyholders were not at fault
        is insurance provider specific. Some companies will not increase the
        premium for drivers involved in their first accidents, but if they
        suffer several accidents, even if they are not at fault, it could result
        in an increased premium.

For additional info, money-saving tips and free car insurance quotes, visit https://compare-autoinsurance.org/

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

SOURCE Compare-autoinsurance.org