subject: Easy Methods To Decrease Your Rates After An Automobile Accident [print this page] Easy Methods To Decrease Your Rates After An Automobile Accident
Usually, after being involved in an automobile accident rates tend to increase. Just how much of an rise you might see depends on your provider and who was responsible. You may be labeled by your insurer as a higher risk following a wreck. This can be avoided. Regardless of what insurer's would like you to believe, you have more control over your rates than they let on. Enclosed in this article are the methods which you can use to keep your rates low after an accident.
You need to put your foot down after a car accident.
The accident wasn't your fault? Rates have increased anyways? Do this:
Stand up for yourself! Let your provider know that you wont stand for higher rates when it wasn't your fault. Tell your provider of your situation. Make sure they understand that if rates remain high, then you will not hesitate to switch providers.
Asking about discounts is another way to help lower your rates. There may be discounts available, for which you can qualify, which weren't available when you purchased your policy.
When you're not responsible in an incident, getting your prices lowered back to the pre-accident level is almost effortless. Insurance companies are businesses who compete with one another. When you threaten to give your money to another company they usually are much more likely to re-evaluate their stance on your case.
If discovered to have caused the vehicle accident, or at fault, then you might need to search around for a reduced rate. Try to first re-negotiate your existing insurance policy. If that doesn't work, then you may start to consider other alternatives. Options for lowering your rates will vary based on the seriousness of the accident and the circumstances of why it took place. If you had been under the influence of a controlled substance, it will likely be harder to reduce your prices. In most cases of DUI/DWI, you should consider yourself lucky in case your supplier does not cancel coverage completely.
You can also be deemed a 'high risk' if you have many accidents over a specific period of time. If you have many accidents you will have to stay accident free for a certain amount of time. After this period has elapsed, you will slowly start to see a reduction in policy rates. Even when rates are re-lowered it still may not be enough and you might need to shop around for them to be lowered to where they once were.
Keeping a clean driving record is the only proven way for everyone to get lower rates and keep them that way. In any case when an accident does occur, it is imperative to be armed with the knowledge of know how. So that you can re-lower those rates. If you have exhausted every method however, the only chance you may have at seeing low premium costs again is to switch providers. Just make sure you shop around before making any decision so that you will maximise any savings.
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