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Will My Auto Rates Go Up If I Have an Accident?

May 1, 2015

Blog, Chalk Talk


Well, it depends.

 

First Accident Forgiveness waives the first accident you have — that would have normally charged insurance points on your policy. An accident with more than $1800 in property damage — as well as any accident with sustained injuries — automatically charges insurance points and makes your premium go up for 3 years.

According to a report released on insurancequotes.com, in North Carolina you will pay more than 52% more after making a single $2,000 claim. Ouch! Points stay on your insurance record for 3 years, making a little fender bender very costly. If the accident includes injuries, you will pay much more than that.

 

Being extra cautious is always the #1 way to keep yourself safe and claims free. There is another way to guarantee you won’t have to pay oodles of extra cash for a fender bender. If you have car insurance with Erie Insurance Group through ISU O’Connor Insurance, you have something called First Accident Forgiveness. You will know if you have it because it will be printed on your auto declaration page. First Accident Forgiveness waives the first accident you have — that would have normally charged insurance points on your policy. An accident with more than $1800 in property damage — as well as any accident with sustained injuries — automatically charges insurance points and makes your premium go up for 3 years. That is a little safety net you can count on it when you need it most.

 

Interested in seeing if you qualify for car insurance with Erie Insurance Group through ISU O’Connor Insurance? Give us a call today at (704) 510-8884 or visit our website to get a Charlotte auto insurance quote.

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