Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

When you get into a car accident, how long does it take for your insurance to go up?

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » The DU Lounge Donate to DU
 
Lucian Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-06-09 05:40 PM
Original message
When you get into a car accident, how long does it take for your insurance to go up?
I got in an accident on August 15th (my fault), and I haven't seen my rates go up yet. I was driving a friend's vehicle, and I crashed it. It was a single-car accident. Any ideas on how long it takes for insurance premiums to skyrocket? I need to plan ahead because I don't think I'll be able to afford the insurance on my own car if they go up by a lot. And I don't want to call my provider and ask him either.

Thanks.
Printer Friendly | Permalink |  | Top
 
elleng Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-06-09 06:52 PM
Response to Original message
1. Wait until your normal renewal time comes around.
Printer Friendly | Permalink |  | Top
 
valerief Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-06-09 07:03 PM
Response to Reply #1
3. Yep, that's when it happens. I had a small one when a big truck rolled
Edited on Sun Dec-06-09 07:05 PM by valerief
back into me and drove off. My insurance went up from $800+ to $1300+.
Printer Friendly | Permalink |  | Top
 
TZ Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-06-09 06:59 PM
Response to Original message
2. Yep as Elleng said, when you renew your policy
you will see it.
Printer Friendly | Permalink |  | Top
 
mwooldri Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-06-09 11:09 PM
Response to Original message
4. How much was the claim and who was the company and what prior accidents?
And what's wrong with calling your agent and asking him/her what would happen?

And whose insurance was it and in which state? Rules differ from state to state...

Some auto insurance companies these days are touting "accident forgiveness" i.e. if you have the one accident your rates may not actually go up.

In NC, if the claim is below a set amount (I think $1800 but I am not an insurance specialist *yet*) the insurance company will not put your rate up at all. If it goes above this, then yes you get your insurance points and you have to wait 3 years for them to drop off and come down.

I also might be wrong on this but dependent on the state it may be your friends' insurance that gets the hit - then they come after your insurance. So it might be your friends' insurance going up, not yours.

Do speak with your insurance agent about the accident. They're licensed to talk about it and more qualified than me.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Sat Oct 21st 2017, 11:50 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » The DU Lounge Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC