How much will the premium increase next year after a vehicle accident?
2 Answers
Detailed introduction to the premium increase ratio after a vehicle accident: 1. If the vehicle has one accident, the owner is at fault but the accident does not involve death, the premium for the second year will be the standard rate without any discounts. 2. If the vehicle has two or more accidents, the owner is at fault but the accident does not involve death, the premium will increase by 10%. 3. If the owner is involved in drunk driving or an accident involving death, the premium will increase by 30%. Claims process after a vehicle accident: 1. Report the accident. After the accident, you need to call the insurance company to report the claim. 2. Investigation. The insurance company will send someone to the scene to investigate and confirm the situation. 3. Damage assessment. The insurance company will notify an inspector to assess the damage at the scene. 4. Review. Submit the insurance policy and other required documents to the insurance company for review. 5. Settlement. If the review is approved and meets the claim conditions, the insurance company will proceed with the compensation.
I've been driving for over a decade and have dealt with insurance matters several times. After a vehicle insurance claim, how much the premium increases varies by situation—there's no fixed amount. It mainly depends on the accident severity and who's at fault; for minor scratches without injuries, premiums might rise 10% to 20%. But when I backed into another car in a parking lot and was fully liable, my premium went up 15% after the claim. Insurance company policies also matter—some are more lenient with first-time claims. Safe driving is fundamental; maintaining a good record prevents big hikes. Additionally, consulting customer service about specific increases and comparing options before switching insurers can help find better deals. Overall, small claims mean small increases, major ones mean bigger jumps—the key is fewer claims to save money and hassle.
