These days car insurance has been raised significantly as accident are depended on different factors and differs from one auto insurance to the next. However there're various standard methods car insurances use to calculate insurance rate or premium increase after car accident. As the exact car insurance increase after accident varies in amount and it's just your auto insurance which would tell you precisely how much your car insurance would go up after accident, however we'll discuss following points that would assist you in determining your chances of high auto insurance increase after accident.
Firstly you need to add up the expenses the insurance company need to pay for your car accident. If the expenditure is bit low then few car insurers would let you get away without an increase in auto insurance at all. Find out if your accident was considered as your fault. At times the increase in car insurance would depend on if it was your fault. Even though an accident was by and large the other driver's fault, you could still get an increase if you considered partly at fault. Figure out whether you're considered a high risk driver through high risk insurance to begin with. At times if you consider a high risk and your auto insurance rates are previously high then your car insurance might get less than if you were until now considered a low risk driver through cheapest car insurance rates.
When you started with this car insurer, evaluate how long you have been insured with them. The longer you have been insured by a clean driving record, the less your insurer is possible to increase your car insurance rates or premium considerably. Try and find out if you're driving accident could be unseen if it is your first time. If you got a clean driving record and this is your first accident then some auto insurance companies would let you off the hook as you're considered a good driver.
Expect hard to evaluate changes in insurance rates if you're got a new car. At times, if you got a new car as soon as the accident took place then the rate would change based on the new car type and your new post car accident condition. There might be other insurance companies which evaluate factors another way, so search out different car insurance companies to make sure the rate you're being increased is fair.
