Accident Forgiveness Car Insurance

Automobile accidents are very stressful events, both physically and emotionally. They often leave deep scars not only from a physical standpoint but financial.

The overall costs of these incidents often catch people off guard, and many get wiped out financially. Also, there is the real fear that a person’s vehicle insurance premiums could rise substantially after a wreck.

Many people wrongly think insurance costs will always increase after a car crash; this is not true, and some providers have excellent plans for accident forgiveness car insurance. This means that your rates will not go up if you do have an unfortunate incident that occurs. Several insurers currently have these programs in place, including Nationwide, Allstate, Geico, and Liberty Mutual Insurance. You must meet some basic requirements to qualify, such as having a good driving record; this includes no prior at-fault accidents or few traffic tickets.

The Truth about Accident Forgiveness Insurance Plans

Many people buy into this unique discount, but is it worth it? For most of the available plans out there, it works like this. For your 1st accident, your premiums will not go up, and you have nothing to worry about as long as you do not get into another collision. The good news is your rates will likely drop by each year. You do not get into any crashes by as much as $100 annually, making these plans cheaper if you drive carefully.

The specifics of accident forgiveness plans change quite a bit from each insurer. This is why if you are interested in exploring this type of policy, get several quotes and, more importantly, read the fine print before making any purchase. Good drivers who are careful behind the wheel and have a long clean driving history can save a lot and get this added protection.

In this program, some carriers will instantly reward excellent motorists with a long, clean driving record. This includes Liberty Mutual, which will enroll customers immediately if they have an accident-free record for five years or more. Customers who qualify are automatically enrolled at no extra charge. Liberty Mutual receives excellent reviews for its coverages but typically charges more than other companies with similar scope. You might think this is a no-lose situation. However, the premiums can be higher than other direct insurers, so get plenty of rate quotes before you decide.

Most providers have set time limits they impose that you must abide by and be free of accidents. Some firms only allow one accident per 3 years, while others adjust the bar to one per 6 years. There are also restrictions on moving violations and more serious infractions like DUIs or “drag racing.” You may not qualify for most market plans if you have moving violations; some only allow one per 3 years. Again, remember to read all of the small print before buying your policy so you know what you exactly are getting. Get quoted online in less than 5 minutes and get better protection and lower rates with good-to-go insurance.

Accident Forgiveness Insurance Costs

The more important question to ask yourself is, what cost increases are you protecting yourself from if you get into a wreck? The answer varies by each insurer and the area you live in. If you are considering getting one of these insurance plans, know that they will generally be about 10% more expensive per year. You might get lucky and not have your rates go up after a collision, even without being enrolled in an accident forgiveness program.

On the other hand, you could get into a simple fender-bender and have your rates jump up 30% or more. Some studies have found insurers raising premiums by as much as 90% after an at-fault incident with minimal damage. If you have accident protection, this could save you some serious money. On the other hand, if you live in a rural area and do not drive much, the extra costs of 10% each year might not be worth it.

The best thing to do is get a quote and see if accident forgiveness car insurance makes sense to you financially. Go online and check out quotes from up to ten carriers in a few minutes. The rates might be lower than you think, and you can cancel anytime. Let good-to-go insurance help you find coverage at lower prices online.