CAR ACCIDENT? INJURED?
YOU MAY BE ENTITLED TO SUBSTANTIAL COMPENSATIONSPEAK TO AN EXPERT LAWYER RIGHT NOW!
Many people notice that their car insurance doubles after they get into an accident. The good news is that there are things that you can do in order to prevent your car insurance from increasing.
Regardless of how minor the car accident is, you should still report it to your car insurance provider. If the other person tries to sue you weeks after the accident occurs, then you may be forced to pay all of the expenses out of pocket if you do not report the accident.
Studies have shown that the average driver will get into one accident every 18 years. Because insurance companies know that most people will be involved in at least one car accident in their life, they may not raise your premium after one accident. Some may offer an accident-forgiveness clause. Most policies require that you be accident-free for three to five years to qualify.
Many people only go through the driving class that is required before getting a license. Taking a driving class after an accident may reduce your rates. However, if you were caught driving recklessly or under the influence, then taking a driving class probably will not reduce your rates.
Even if the insurance company decides to raise your premium, you can lower it by increasing your deductible. If you increase your deductible by $200 to $500, then you can reduce your premium by 15 to 30 percent. You can save 40 percent on your premium by increasing it to $1,000.
Now is the perfect time to look at other discounts your provider may be offering you. For example, you may be able to get a discount if you drive less than 10,000 miles per year. You can also get a discount if you have been with the same provider for years.
If you are not happy with your current provider and rates, then you should shop around. The cost of car insurance can vary widely from provider to provider. Additionally, if you get your car insurance from the same company that provides you with home or renters insurance, then you can save money.