About auto insurance?
Question:
Answer:
Well, it depends on your current automobile policy. If you have opened up a claim on your auto policy, then most likely, you will incur a surcharge for an at-fault accident.
But if you have Allstate Insurance, you might have a coverage called accident forgiveness coverage, which means you will not be surcharged for an at fault accident.
If it goes up, you are probably looking at a $100-$200 increase every 6 months.
Yes, it will probably go up. How much depends on your insurance company and policy, how old you are, prior driving record (citations, accidents, etc.) and even how long you have been insured with your current company. I would advise calling your agent and talking to them about it.
Yes, your premium will go up. As you stated, your car was the only one involved, so there is nobody else that could possibly be at fault.
How much your premium will go up all depends on your policy's contract language. Some companies increase the premium by a flat dollar amount, while others increase the premium by a percentage amount.
For example, your policy may state that all chargeable accidents will result in a $400 per year surcharge for three years. Or it may say that all chargeable accidents will result in a 15% premium surcharge for the next three years.
Keep in mind that if you have other activity (insurance-speak for tickets and accidents) on your record, the surcharge could be even higher, or the accident could result in your policy being non-renewed.
Like other people have said, talk to your agent to see what effect the accident will have on your premium. If he or she says they don't know, keep pushing them. They can find out pretty easily.
One last thing, which you did not ask, but I'll reply to anyways: Don't try to go to a new company after a recent accident. Any premium they give for the same coverage will be more expensive than your current company. The new company does not want to "buy" a problem. I know that sounds harsh, but that's how it works.
If the insurance is paying out, your rates will go up. Plain and simple. You wrecked by yourself, therefore, you are at fault, and therefore your insurance handles it, and then your rates go up.
I can't say how much without actually reviewing your policy. Insurance rates are dependent on several factors.
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