Many companies raise rates after an accident, but different companies would have their own policies, so the amount can vary.
As a 25 yr Ins. Agent with the largest auto insurer in the U.S., I believe I can speak with some authority. With my company if the accident is your fault AND we pay over $750 (in Indiana) you there will be a 10% increase in your premium (or a loss of 10% of your accident free discount) for the first accident. If you have been with us 10 yrs or more the first accident will be forgiven (ignored). The surcharge stays for 3 yrs and then drops off. If you have a second or third chargeable accident while the first is still there, a second larger surcharge is given. For a third accident and even larger surcharge is added. Each will stay on for 3 yrs and then drop off. Other companies use different formulas and amounts. Some remove your good driver discount even if you are NOT At Fault. It depends on what company you are with
Personal experience:
I just had an accident and I have Allstate insurance. I'm fighting the citation I got so I have no points as of yet, but they raised my rate approx. 30%. I was told that they did not raise my rate, but because they had to pay off my car I lost my Good Driver Discount. So they don't admit to raising your rate , only taking away your Discount!
After one accident, insurance rates can go up anywhere from 10 to 30 percent. After two accidents, they can go up from 45 to 150 percent.
That is solely up to the discretion of your insurance provider. Your rates won't necessarily go up, especially if this is your first claim. The Hartford insurance offers me first accident forgiveness, which basically guarantees that the insurance company will not raise my rates after my first accident. If this is your first accident and your policy includes this as well then your rtes won't rise at all.
It depends on who is at-fault for the accident. Your rate doesn't rise based on how much money was spent towards repairing your vehicle, it rises based on your driving/accident history. If you were in an accident and deemed not at-fault, supposedly your rate will not go up. However, I've seen my own rate go up AFTER an accident finally dropped off my record AND I had no tickets or citations, and the reason was given as "insurance rates have risen all over the state".
They shouldn't cancel your plan I was in an accident when I was 16 and we kept the same insurance. As for how much it goes up depends on which insurance company you have.
When this happens, your Insurance company pays for damages. If the accident is your fault, your insurance rates can go up.
yes your rates will go up
Usually an uninsured motorist accident is not chargeable against insured in any way. Your rates should not be effected at all with most insurance companies.
Yes, the general idea of insurance is that your rates go up when you cause an accident and they are forced to pay out.
In Michigan, if another driver is at fault and ticketed, my insurance company and probably others, will not raise your rates. If you are at fault, even if you are not ticketed because the accident was unavoidable, your rates would go up. My insurance company won't raise the rates for one accident, but will raise them for a period of three years after a second accident. If no more accidents during the three years, the rates go back down. If someone else is driving your car and has an accidents the same answer above applies. If you are parked and someone hits your car, even a hit and run, your rates don't go up. Other states may have other rules.
No, not that one particular charge. However, every moving violation has 'points' attached to it. If you get too many tickets (i.e.: too many points accumulated) your rates will go up. EXCEPTION: If the ticket was issued as a result of an accident - yes - your rates WILL go up because of the accident caused by that violation.
Your insurance rates shouldn't go up by much. Their insurance rates are the ones that will be affected and they will find it difficult to find insurance that will carry them.
a lot