subject: The Impact Of Accidents On Auto Insurance [print this page] Today as the economic conditions continue to be difficult for many, there are a various methods people are using to keep costs as low as possible. Car coverage rates are one area that the expense seems to be difficult to control. At the same time the impact of accidents on auto insurance can be substantial.
Many things will influence the premium that a person must pay for car coverage these days. The person's age, driving history and past coverage will be determining factors for most. If you have been involved in an accident you will likely discover that your rate is higher than others who have not been involved in a collision. This is especially true if you have had issues on your driving record in the past.
First, the type of accident that you were involved in will be taken into consideration. Obviously a crash in which you were deemed to be at fault will have more of an influence on the increase in rate that one in which you were not. Today however no fault laws are also influencing how much effect the crash will have as well. No fault means that no one is to blame and each person is responsible for their own vehicle and passengers.
Obviously things such as failure to yield, failure to have your vehicle under control and improper lane changes will all result in points being added to your driving record. When you have points on your driving record you coverage premium is going to be higher. Unfortunately there are situations where a driver may be cited for a violation but in truth they may not have been at fault at all.
Being involved in a crash is difficult enough. When you are also worried that your coverage rate is going to rise, you will become even more stressed by the problem. For some people the crash might have caused physical injury to themselves or their passengers when in other cases it may only be a matter of having their vehicle pulled from a ditch.
The impact of accidents on auto insurance is quite varied today. The changes that might occur will be influenced by the type of collision, the damage to the vehicles and people as well as the person who is to be blamed for the collision itself. Many different factors must be considered in this situation before the true effect can be determined.
by: Lena Shattuck
welcome to Insurances.net (https://www.insurances.net)
