I Had An Auto Accident, Will My Rates Go Up?

June 2, 2011 at 5:38 pm | Posted in Insurance | Leave a comment

After you are in an accident, and you realize that your passengers and yourself are unharmed, the next question that most people ask themselves is, will my insurance premiums be increasing? The answer to this question is not always clear-cut, however here are some basic guidelines.

In New York, your premium is not increased just for filing a claim. Instead, your insurance company would have to determine that you are more than two thirds at fault and pay out more than $2,000.

An example of some accidents that most likely would cause your premium to increase are

1) Reversing out of your driveway and striking a fixed object.
2) Hitting a parked vehicle in a shopping center.
3) Hitting another vehicle in the rear after they have already been stopped.

It is important to mention, that while you may have seen some insurance commercials on TV that mention their policy contains accident forgiveness, what these companies do not mention; is that they charge more up front for your auto policy every year.

If you are involved in an accident, remember that the most important thing is that hopefully no one was injured. Please call an NSA Group branch office to speak with one of our claims representatives so that we can better assist you with any incident you may have been involved in.


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