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.

Print Friendly, PDF & Email

Related Posts

Trying to Get it All Done Distracted Driving

December 17, 2018

Blog, Chalk Talk

At some point we are all guilty of this one.  You are driving along in a hurry and you hear your cell phone chirp you have a new text message.  You are on a straight road with no one else in sight so you just glance down to quickly read...

Read More

O’Connor Insurance 2018 Holiday Schedule

December 17, 2018

Blog, Chalk Talk

If you are thinking of buying a new car, have a new driver going for a driver test, planning to give or receive an expensive jewelry gift, or maybe you want to give the gift of life insurance to your loved ones give our office a call today 704-510-8884.  Don’t...

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *