How much does your At-Fault Accident impact your Auto Insurance Premiums?

The impact of an at-fault accident on your auto insurance premiums can vary widely depending on a variety of factors. Some of the factors that may affect the size of the premium increase include:

The severity of the accident: More serious accidents, such as those involving significant damage or injuries, may result in larger premium increases than less serious accidents.

The amount of damage caused: The amount of damage caused by the accident can also affect the size of the premium increase. If the accident resulted in significant damage to your car or the other party’s car, your premiums may increase more than if the damage was minimal.

Your insurance company’s policies: Different insurance companies have different policies when it comes to handling at-fault accidents, so the impact on your premiums may vary depending on which company you’re with.

Your driving record: If you have a clean driving record prior to the at-fault accident, your premiums may not increase as much as they would if you had multiple accidents or traffic violations on your record.

State laws: Some states have laws that regulate how much insurance companies can increase premiums after an at-fault accident, so the impact on your premiums may vary depending on where you live.

It’s difficult to give a specific estimate of how much an at-fault accident will increase your premiums, as it will depend on these and other factors. However, it’s not uncommon for premiums to increase by hundreds or even thousands of dollars after an at-fault accident.