My wife and I just had an accident in a parking lot in which we backed into another car that had almost completely backed out already. No one was hurt, but the damage caused by our car is between $1,000 and $1,500. We will not have the damage to our car repaired. This accident is our fault; however, both of us have had a completely perfect driving record up until now. We just want to know how much this accident is going to make our insurance go up.
2007-01-13 12:15:47 · 8 answers · asked by earthling 2 in Cars & Transportation ➔ Insurance & Registration
Every insurance company differs in their policies. This is a question for your car insurance agent. A couple years ago I cut through traffic to enter a parking lot and a guy clipped my rear right bumper. The accident was determined to be my fault but my insurance company (State Farm) did not raise the cost of my insurance.
If you had comprehensive insurance I would report it to my insurance so they can pay to repair the car.
Note: I worked at 911 before and we even had a code for parking lot accidents, because they happen so often! This taught me to be extremely cautious when I am maneuvering my car in parking lots.
hope this helps!
2007-01-13 12:22:52 · answer #1 · answered by Ivy 3 · 1⤊ 0⤋
You can save on your insurance by compare quotes at DEALSQUOTE.INFO-
RE How much money does car insurance go up per year after an accident that is your own fault?
My wife and I just had an accident in a parking lot in which we backed into another car that had almost completely backed out already. No one was hurt, but the damage caused by our car is between $1,000 and $1,500. We will not have the damage to our car repaired. This accident is our fault; however, both of us have had a completely perfect driving record up until now. We just want to know how much this accident is going to make our insurance go up.
2014-08-23 23:27:28 · answer #2 · answered by Ingelbert 1 · 0⤊ 0⤋
I might suggest that you visit this web site where you can compare quotes from the best companies: http://INSUREQUOTE.INFO/index.html?src=2YACyz2XPnuuX
RE :How much money does car insurance go up per year after an accident that is your own fault?
My wife and I just had an accident in a parking lot in which we backed into another car that had almost completely backed out already. No one was hurt, but the damage caused by our car is between $1,000 and $1,500. We will not have the damage to our car repaired. This accident is our fault; however, both of us have had a completely perfect driving record up until now. We just want to know how much this accident is going to make our insurance go up.
Follow 8 answers
2016-08-19 07:42:49 · answer #3 · answered by Anonymous · 0⤊ 0⤋
While there's a formula to this, that is a closely guarded secret. Your premium is based on a number of factors and you aren't going to get a one-size-fits-all answer here.
Give your agent a call and ask how much it would cost vs. paying for the damage out of your own pocket.
I believe that the amount your premium will go up is going to be a lot less than if you paid for all of the repairs yourself. The accident comes off your record after three years and your insurance rate is supposed to be adjusted then.
2007-01-13 12:22:34 · answer #4 · answered by DA 5 · 0⤊ 0⤋
Usually 5 percent for 5 to 10 years depending on the company. But - a good company will credit you with many years of good driving. I had no tickets and no claims for 35 years and got a letter saying I cannot be cancelled for any reason - ever - even if I decide to ram someone. Ask your agent most are close to the same so if you have enough "perfect" years maybe you will not get any penalty.
2007-01-13 12:21:55 · answer #5 · answered by Anonymous · 1⤊ 0⤋
I wasn't paying attention, drove through a stop sign and got hit by a car. Clearly my fault. There was no damage to my car, but his bumper fell off. State Farm forgave the accident and my premiums didn't rise at all.
2007-01-13 12:24:36 · answer #6 · answered by BobbyR 4 · 0⤊ 0⤋
Only your insurance company can answer the question, sometimes the agent doesn't even know the answer to that. If you ask you will likely get a "We don't know until renewal time" answer. I've found mine goes up a little every year even with no claims, so there is no good answer, no formula they use. Sorry.
2007-01-13 12:32:47 · answer #7 · answered by oklatom 7 · 1⤊ 0⤋
You can use INSURE-CHEAP.INFO to compare free quotes.
2014-04-12 17:16:50 · answer #8 · answered by Anonymous · 3⤊ 0⤋
Try https://tr.im/3VuWS
2016-07-02 02:00:57 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Let this site do the work for you: http://WWW.USINSURANCEQUOTE.NET just submit your info and get the best rates.
2014-07-24 12:28:24 · answer #10 · answered by Anonymous · 0⤊ 0⤋