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S2000 and Insurance after an accident

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Old Apr 20, 2003 | 05:57 PM
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Default S2000 and Insurance after an accident

After an accident, how much of an increase can you expect from your insurance company? I understand that there a number of variables involved but what is the typical increase?
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Old Apr 20, 2003 | 06:03 PM
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About 20%
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Old Apr 20, 2003 | 06:05 PM
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First of all, was the accident your fault. If not, then there should be no increase. Secondly, If it was your fault, did youget a ticket and were there other circumstances like speeding or reckless driving. If you had all of those, expect a substantial increase in your premium.
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Old Apr 20, 2003 | 07:10 PM
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had i reported my accident my rates would have jumped 20% (lost good driver discount) and my premium would have gone up by $1000/year. so bascially $1300 more per year to report it
single car accident no injuries
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Old Apr 21, 2003 | 05:46 AM
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Originally posted by DarioManfretti
First of all, was the accident your fault. If not, then there should be no increase.
actually, while this may depend on the company, this is not true...

in the past 10 yrs, i've been involved in 2 accidents which were not my fault - in both cases, my insurance increased... it was about a 10% - 20% increase, and they justified it as me losing my 'good driver discount.' still, from the day i signed with them i had the 'discount' and after 3 years of no accidents i regained the 'discount.' so, for all practical purposes, it was a rate increase.

btw - State Farm
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Old Apr 21, 2003 | 05:52 AM
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State Farm here, too. I haven't yet seen a rate increase on my insurance, but I just had my accident a couple of months ago. This was my first mark against my insurance (i.e., no Tickets on my record, no prior accidents). However, the repair bill was 21K, so I wouldn't be surprised to see an increase soon.
There was no ticket/report filed for my accident. Single car accident, no injuries.
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