It’s the question most drivers dread — how much will my auto insurance premiums go up if I’m involved in an accident? In truth, the answer varies with each carrier. At Kramer-Myers & Werring-Dickerson Insurance in Batavia, OH, they are committed to helping clients secure policies that clearly address these kinds of scenarios.

According to these local auto insurance experts, several factors may influence how your coverage costs are affected after an accident. The technical term for the expense is called a “surcharge schedule,” which is a set increase amount applied to your payments if you caused an accident. Because it involves certain percentages and point applications, figuring out the schedule can be complicated.

To keep it simple, the surcharge schedule typically tacks on a 20% premium increase for multi-car policies and 40% for single-car policies. Some carriers add this new amount to the base rate before any discounts, processing fees, and other adjustments. Whether your premiums will go up also depends on how soon you had an accident after getting a new policy.

Some providers may only raise rates for at-fault accidents, but not moving violations. Others might give a second chance to new drivers or those involved in accidents that only caused property damage. Because there’s no clear answer, it’s best to consult with a professional agency such as Kramer-Myers & Werring-Dickerson Insurance. These knowledgeable agents not only specialize in gathering the best auto insurance quotes from some of the industry’s leading providers, but they will gladly find out which ones have easy-to-understand surcharge schedules.

For a review of your existing auto insurance policy, or if you’re in the market for more affordable coverage, call Kramer-Myers & Werring-Dickerson Insurance today at (513) 732-1461. You can also visit their website to learn more about their wide range of insurance plans, and find the agents on Facebook.