Car Accident Was Your Fault

You will have to contend with many issues when you are involved in an accident of which the safety and ultimate health of the involved parties will be paramount followed by the condition of the vehicles and property.

From these, the issue of who is responsible must be resolved. If it is determined that the accident is clearly your fault, then there will be further matter to consider. There is of course the matter of how much your premiums will rise. Some companies will raise your insurance rates even if the accident is not your fault though some states have adopted laws prohibiting the practice.

One thing you can do to mitigate the resulting post-accident rate hike is to find out if your insurance has an Accident Forgiveness program. Under such a program, your car insurance may forgive an accident if your previous driving record is clean. Even if your insurance program doesn’t have such a program, you should know how likely they are to raise rates for an at-fault accident and how much they will be influenced by its severity.

If you are fortunate to have your accident forgiven, be absolutely sure you don’t find yourself at fault for a second one.

Know also that whether or not you are named in the accident report, your insurance company can still conduct their own investigation and are not legally bound to accept the conclusions of law enforcement. These types of investigations are carried out according to state law and could determine whether or not your rates increase.

Finally, if your premiums do increase remember, nothing lasts forever. Over time your rates will eventually decrease to pre-accident levels. An insurance company may have the right to raise your premium for a certain number of years following an accident but must lower them again once that time passes. You can consult your state’s laws to determine how long your rates will remain inflated and when your car insurance must lower them.