Even the safest drivers can experience an accident. A first at-fault accident can happen when you least expect it. Whether it's a brief lapse in judgment or simply being in the wrong place at the wrong time and without the right protection, it could lead to higher auto insurance premiums. That's where Accident Forgiveness can help.
What is Accident Forgiveness?
Accident Forgiveness helps protect your rate after an At-Fault accident. If you qualify and add this optional coverage to your auto policy, your premium won't increase because of that first accident.
How do I get this ?
You may be eligible for this benefit if you have 5 years of accident-free driving. No violations in the last five years. Some insurance carriers offer this feature as a loyalty benefit. Others offer it as a purchasable add on to your policy. Ask your agent about your policy benefits to ensure your coverage is tailored to your needs, so there are no surprises later.
What are the benefits?
Drivers that qualify will benefit from:
The peace of mind of knowing that your price won't increase due to your first accident.
Potential long-term Savings because your price was not increased after your first accident. Locking in your better rate!
How much does insurance go up after an accident?
It all depends on the details of the accident, including the cost of damages and severity. One thing is for sure, without Accident Forgiveness, you can expect your rate to increase after if you're at fault. Usually when your policy renews you will notice the increase in premium and usually for several renewals after that.
Protecting yourself starts with understanding your coverage. Contact your insurance agent to discuss whether Accident Forgiveness is right for you and to review your policy so you can make informed decisions with confidence.