subject: How Does Accident Affect Insurance: Information All Drivers Need To Know [print this page] No matter if you are a good driver or not accidents are part of life and sometimes many of them can not be avoided. You can not always control the things that were meant to happen such as automobile accidents. However, being involved in an accident can surely add to your troubles as this type of thing can raise the premiums on your insurance. Many drivers will want to know just how does accident affect insurance.
When it comes to being part of an accident there are many times when the insurance companies will take into consideration every factor of this incident. Some of the factors that they look into are such things as not to increase the rates of your premium should you not be the one at fault, If the total cost of damages does not exceed the value of your car, The insurance claim record, so if your not at fault you should not see an increase, but if there is it may only be minimal towards the cost.
But should you be the one who is at fault, then the rate for the insurance will certainly rise depending on several other factors. The factors will be what is considered the state law in regard to auto insurance along with the companies plan.
Should this be a situation where drugs or alcohol were involved then this will surely raise the premium of the policy dramatically. The increase could be as high as 20 on up to 40 percent. Also the premiums can increase even more if you are to loss any of the discounts you once had like being know as a good driver with an excellent driving history.
The rates for insurance can vary from one state to another. This will mean that should you become involved in an accident that is your fault, the rates may not always increase. Many states will allow companies to charge you a higher cost towards the premium when you are involved in an accident after a three year period. You can find out about this matter by checking the state board on how long you will need to continue paying on any higher premiums.
Should you decide that you want to get auto insurance that will be affordable for you, then you can choose from two ideal options. The first option will be for you to go online and the other option is for you to do it all manually. You shall be able to find yourself some lower costing auto coverage quick and easy over the internet. Just provide a company with all of the basic information that it will ask for.
You will need to fill out an online form then just submit it to the company and then you can receive the quotes from several of there insurance providers. You can get some help from the agents who will provide you with the type of quotes that will be suitable for you and your budget.
by: Lance Thorington
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