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Your car insurance rate will typically increase after an accident, although the amount can vary, depending on many factors.
The length of time you have been with the carrier, the amount of money paid, your previous driving record, and number of vehicles on the policy will impact the amount.
Typically, a 5%-25% increase can be expected, although more vehicles on the policy lowers the amount.
Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
That really depends upon the company and terms and conditions of your policy. The amount may vary but it is possible to see upwards of a 25% increase for about three years after an accident is settled. On the other hand, if you are a long time policy holder and this is your first such claim, you may have a benefit called "first accident forgiveness" which means you won't see any accident related increase at all.
That is a great question! I sincerely hope that you never need to find out. That said, it will depend entirely on your policy, what your past driving record has been, and the amount of your claim. Some companies will give you a break on your first claim, or a claim after not having one in a long while. The amount that they will have to pay out can be a factor also. If it's minor, probably not as big a hike as if your car is totaled. Call your agent, and get the specifics on your policy. Good luck, and thanks for asking!
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The length of time you have been with the carrier, the amount of money paid, your previous driving record, and number of vehicles on the policy will impact the amount.
Typically, a 5%-25% increase can be expected, although more vehicles on the policy lowers the amount.