You may wonder if after an accident, will your car insurance rate may rise. Car accidents happen and it’s always a good idea to review your policy with an independent insurance agent to see the impact a claim will have on your premium.
Here are a couple of factors that will determine if you have a rise in premium:
- Your Driving History – Frequency of claims is an obvious factor on whether an insurance company will increase your rate. If this is your first claim, you have a good chance of keeping your same rates, but, if you have multiple claims, you will likely see an increase in premium.
- Your Car Insurance Policy – Typically, your policy will dictate if you will have an increase in rates with the filing of a claim. Discussing with an All American Insurance agent can explain if your policy has any accident or claim forgiveness built in.
- At Fault - This will be the biggest factor in determining your car insurance rate post accident. Generally speaking, if you’re at fault your rate will increase and if you’re not at fault your rate will stay the same. This isn’t a guarantee, and it really depends on your policy and the exact details of the car accident.
- Severity of the Claim – typically, if it’s just a small door ding Texas & Oklahoma car insurance providers are usually more forgiving with your rates. But your car gets totaled and they have to write a large check to replace it, your rates might see a bump.
Contact us today if you want to review your Texas, Oklahoma auto insurance policy in the event you may have to file a claim.