How much will my auto insurance go up if I am at 100% fault?
Question:
Answer:
Maybe 10 or 20 percent :(
It depends on the amount of money the insurance company was out, and their policy. Most of them have a dollar amount, and if you are below it it won't go up. Call your agent and ask. If the amount paid out wasn't too great, perhaps you could pay it out of pocket and get it off your record?
It’s no accident that drivers often save money on their auto insurance bills if they haven’t been in a fender-bender or any other roadway accident. On the other hand, if you have been in at least one vehicular accident, chances are you’re going to pay more for car insurance when your policy comes up for renewal. Insurance industry experts such as Carolyn Gorman point out that this increase can “vary” for several reasons.
The amount is “going to vary from state to state and from one insurer to another, says Gorman, vice president of the Insurance Information Institute, which is based in New York. “But a lot depends on the nature and severity of your vehicular accident and who’s found to be at fault. If you were driving drunk, you are going to be in deep trouble with the insurance company and the law. In that situation, you’re likely to have your policy non-renewed. However, you can still get insurance, but it’s going to cost you a lot more.”
Cheap car insurance is best found by investing time, educating yourself and comparison shopping. To get multiple quotes at once from top companies go to:
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You will get five competitive insurance quotes from insurance agents who can help you make the best decision regarding your insurance. Once again, shop around, get multiple quotes, and learn all you can about a policy before you buy car insurance.
Take care,
Ron @ InsureMe
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