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This tip is applicable for all drivers, however it is especially relevant for youngsters under 25. Young drivers and a modified vehicle is the worst combination you can have if you are trying to get an inexpensive auto insurance. All new drivers including young drivers are strongly recommended to complete a defensive driving course. If you are studying in high-school or college, car insurance companies consider good students less risky than other drivers under 25.
On of the tips mentioned above, young drivers are strongly encouraged to be as safe as possible behind the wheel. Having car insurance isn’t just mandatory in most states, it can also be an outright lifesaver. As a general rule, whenever you file a claim with your insurance company, you should be mentally prepared for your premium to go up; however, there are a lot of caveats because policies can differ substantially from company to company. Another factor in determining your insurance rates after an accident is where you live, as your state may influence how and when your premiums might go up.
Since there are not set rules for increasing premiums, make sure you check with your insurance company to see what standards may or may not apply to you based on your location and the company’s policies. While the severity of the crash may have a slight impact on your rates, it’s not the only factor, as the likelihood of your rates changing also depends on the other parties involved in the incident.
As detailed above, even doing everything in your power to keep your premium down might not save you from increases, as there are certain policies and factors that you can’t control.
If you’re in an accident, you’re not in the best situation to negotiate lower insurance rates.
Great research on so many important subjects .Especially auto insurance, credit repair and scores. Please download the latest version of the Google Chrome, Mozilla Firefox, Apple Safari, or Windows Internet Explorer browser.

While it is true that subtle suspension mods, intake, exhaust and ECU mods can really improve performance of your vehicle, they can also skyrocket your car insurance coverage quotes into a new league too. If you do not you risk voiding your insurance coverage if something does go wrong and you get into accident. In fact savings are usually higher for young drivers, if they shop around, simply because average premiums are higher for them. For example, a number of insurance companies, such as Allstate and Geico, have accident forgiveness programs, which help by “forgiving” your first at-fault accident and avoiding penalty premiums.
For example, New York prevents companies from raising rates in the instance that you have comprehensive coverage, damages are under $2,000 and there were no injuries or fatalities. Even if you think the accident is minor and not worth reporting, the other party involved might not feel the same way, and they’re also entitled to file a police report or an insurance claim if they feel they have any sort of bodily or vehicular damages they can claim — no matter how small this damage might be.
In fact, if you’ve been in an accident before, you may find yourself stuck with a higher premium, as some insurance companies have justified this by statistically indicating that policyholders who have previous accidents are more likely to get into future accidents. That said, if your insurance company increases your rate after you get into an accident (or any other time), you’ll at least want to call and get some reasons as to why the change was made. His writing has been featured on The Huffington Post, The Grindstone and various small, personal blogs across the web. We receive advertising revenue from most but not all of the companies whose products and services we review. It may not have an effect on you physically, but it may impact your pocketbook, especially after you’ve gotten into an accident.
Other companies that don’t offer these programs may choose to informally provide leniency towards customers who have been long-term great drivers. On the other hand, Massachusetts allows your premium to rise for most at-fault accidents that are $500 or more above your deductible. Even if the damage to any party is negligible, the fact that there was an incident at all means your premium could rise.

As such, it’s always best to file a police report and an insurance claim, as not doing so may hurt more than help you going forward. Your insurance company’s policy is, as mentioned above, influenced by the state you live in, but your own driving record and history are going to in many ways influence how the policy affects you in the long run. See if there are any ways to lower the rate, and if you’re not having any luck, you can always shop around for a new auto insurance provider — just make sure you don’t cancel your plan until you completely sign up for another provider. He is a graduate of the University of California, Berkeley with a BA in Political Economy and a minor in Public Policy.
For credit cards, we review cards from all of the top 10 US issuers by purchase volume (according to Issue 1035 of The Nilson Report, Feb 2014) excluding issuers that require additional accounts to be a cardholder and private label issuers.
These models and other cars of similar type can often be more expensive to insure than vehicles twice their price. We’ve taken a look at a some factors that may influence why your car insurance premium increases after an accident. Not being at fault can further protect against premium hikes that might otherwise occur, however, none of these things are surefire guarantees against premium increases if you’re involved in an accident.
If the accident happened in a visible intersection and you receive a citation or a police report is filed, your insurance company is likely to find out about it anyway (even if you don’t report it, which is never a good idea). We are independently owned and operated and all opinions expressed on this site are our own.

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