my son who doesn't live with me , borrowed my car and was at-fault in an accident. my insurance rate has doubled .if I change companies will it still be this high?
2006-10-28 01:29:30 · 3 answers · asked by Anonymous in Cars & Transportation ➔ Insurance & Registration
Chances are yes, you can try to save a few hundred by changing insurance companies but it will not be a large difference right now.
Wait a couple of years, most insurance companies hold the surcharge for 5 years, however when looking for a new insurance company they only care about accidents in the last 3 years. That is the loophole that you can end up saving money
perhaps you can work something out with your son for the time being where he pays this new surcharge, or atleast half
2006-10-28 02:11:19 · answer #1 · answered by Brian D 2 · 0⤊ 0⤋
The surcharge per se doesn't follow you, however, his record will, and the rate you get with your new company will take his accident into consideration when determining your rate.
2006-10-28 13:39:01 · answer #2 · answered by Chris 5 · 0⤊ 0⤋
probably worse...the new company wil rate you on the priors experience and youll be a new customer to them.
2006-10-28 08:32:21 · answer #3 · answered by David B 6 · 0⤊ 0⤋