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3 tips for reducing your auto insurance rate after a crash

On Behalf of | Mar 3, 2019 | Firm News |

Involvement in a car accident can create a lot of unexpected expenses, from medical bills to vehicle repairs. But one of the highest costs of a car crash is a spike in your auto insurance rates. According to a recent study, the average motorist who submits one collision claim ends up paying 41 percent more for car insurance.

It is worth noting that this is not true for every wreck. Whether your insurance rates increase depends on various factors, including fault, driving history and the severity of the accident. If you notice that your rates do increase, here are some things you can do to lower them. 

1. Ask about accident forgiveness

Some insurers recognize that accidents happen and do not want to penalize loyal customers for minor mishaps. Ask your insurer if there is any accident forgiveness included in your policy. The exact details vary by company. Some insurers offer accident forgiveness right away on certain plans, while others activate this reward for drivers who are accident-free for several years. 

2. Take a driving course

Insurance companies look favorably upon good drivers. One way to look better in the eyes of your insurance provider is by attending a driving class. While this may not sound like an enjoyable experience, it can help you save money on insurance premiums. Your insurer may show some mercy if you take the initiative to improve your driving skills.

3. Look for another policy

Sometimes, the only way to lower your insurance rate is by shopping around for a new auto insurance plan. Get quotes from other providers to see if you can save some money. You may even want to consider bundling your car insurance with your home insurance to get a discount. But remember that financial savings are not the only concern when finding a good provider. Choose an insurer that has good customer service, too.

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