Unfortunately, car insurance rates increase for almost all American drivers after an accident. Even those not-at-fault can expect their car insurance premium to rise by about 4% following a crash.
On average, car insurance premiums go up 49%, or $348 per year post-accident. There may be exceptions based on factors such as the state, insurance provider, extent of damage, fault, and accident history. Some insurance companies also offer accident forgiveness, where a driver does not see an increase in their premium; however, this varies by insurance provider.
How Much Do Insurance Premiums Increase After an Accident in North Carolina?
In North Carolina, the average car insurance rate increase following an accident is $287, or 60%, per year. Insurance policyholders should expect to see this increase once they renew their insurance following a car accident. Once increased, one should begin to see a steady decline in their rate after approximately three years before returning to normal.
How To Lower Car Insurance Rate After an Accident
There are many ways to help lower your car insurance rate following an accident. Since at-fault accidents only remain on your insurance record for 3-5 years, your premium will eventually decrease if you avoid any new moving violations or accidents. The best way to maintain a clean driving record is to drive carefully and responsibly, obey traffic signs and signals, and stay aware of your surroundings on the road.
You should consult with your insurer to see if it offers accident forgiveness – which covers policyholders for one at-fault accident. Typically, this is provided based on how long you’ve been a customer with the company and if you’ve been accident-free for at least five years. Some insurance carriers also offer the option to take a defensive-driver course which can earn you a discount on your insurance policy.
If your carrier does not offer any of the benefits listed above, you may want to shop around for a new policy. Geico, AAA, and Grange insurance companies typically have the lowest rates post-accident.
Car Accident Attorneys That Take On Insurance Companies
The adversity one faces after a car accident can be overwhelming. In these critical times, it is essential to seek professional help for your best chance at recovery. At Henson Fuerst, we have represented car accident victims and their families for over 45 years. Our knowledge and experience make all the difference in helping you recover the compensation you need after enduring a car accident. If you’re facing substantial injuries and damages following a car accident in North Carolina, contact the car accident attorneys at Henson Fuerst today by filling out and submitting a contact form on our website or calling our office at 919-781-1107.