subject: Determining The Accident Impact On Car Insurance Rates [print this page] Whenever an individual is involved in an auto collision, their insurance rates can be affected in many different ways. The accident impact on car insurance that you experience will depend on a few different factors. While, some providers may be willing to forgive accidents, there are others that may view a collision in a different manner altogether.
The worst thing that can happen to you if you have been in an auto collision is your insurer may raise your rates. However, in order to determine if your rates will be raised due to the collision, there are a few factors that providers must review over in order to determine which steps to take next.
Typically, if you were not considered to be at fault for the collision that occurred, your rates will not be raised. However, if you are the party that was determined to be the cause of the collision, your provider has the right to raise your rates up to twenty percent after you are found guilty of the accident in question.
In order to determine who is at fault for the accident that occurred, a police report is generally issued to your insurance provider. However, if both drivers that were involved in the auto collision are determined to both be liable for the wreck, then your insurance provider may still raise your rates, but not as high if you were the person that caused the entire escapade to occur.
If someone was injured due to the auto collision, this can also affect your policy rates. However, if you were considered to be at fault for the collision, but no one was injured at the time of the wreck this could have a lower impact on your rates. Most of the time, the police report will state that the individuals involved in the wreck did not have any injuries.
However, there are some providers that will not accept a police report as a liable document that conveys injuries, since most people involved in a wreck generally do not complain about their injuries until a few days have passed. Also, if the opposing vehicle that was involved in the collision sustained less than $750 in damage some providers will view your collision as a non-fault accident.
The accident impact on car insurance can vary, based upon your provider's guidelines. In most instances if you are found to be the party that was not at fault for the collision, your premiums should not increase.
by: Lance Thorington
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