What happens to your insurance after a car accident?

How much will my car insurance rate increase after a car crash?

If you are in a car accident that was caused by the other driver, chances are that your policy rate will not increase by very much. The other driver’s car insurance should cover most of the expenses, damage, and repair costs, as well as any medical bills that incur if you sustain injuries.

Your car insurance rate may increase if you were found at fault of the car crash. This will depend on your existing premium as well as other factors that affected your rate before the crash. For example, things like where you live and the rate of traffic in that area will increase your policy costs. The number of car accidents you’ve been involved in will also change how much your premium will increase.

How long do car insurance rates stay raised?

After a car crash, if you are found at fault, your policy rate will increase for a few years. How long depends on your driving history following the accident as well. Insurance companies take into account the severity of the accident and how much it cost them to cover the repairs and damages. This will affect the length and increase of your higher insurance rates. In some cases, the increased rate might last up to three years. Some companies will gradually lower the increased rate of your car insurance over the span of three years, under the condition that you are not involved in another car crash.

What can I do to lower my car insurance rate?

No matter what type of crash you were in or what caused the accident, it is always best to consult with a car accident lawyer. They can help you determine whether you are eligible for benefits or compensation, especially if you sustained injuries as a result of the crash. They may also be able to help you avoid an increased car insurance rate if the accident was not your fault. Talk to a personal injury lawyer today to find out what you can do to help your situation.