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Auto insurers have determined that policyholders who are involved in one accident are more likely to get into another in the future. As such, you can expect your car insurance rates to increase significantly after filing an at-fault accident claim. Thankfully, this increase is temporary and will only last for as long as the incident is on your record. Here’s what all motorists should know about claims and the impact they can have on insurance premiums. 

Understanding the 3-Year Driving Abstract 

In the state of Ohio, the DMV typically records all reported accidents and moving violation convictions for three years. Any incidents that result in a license suspension or revocation will also be included on your record, which auto insurers use to estimate premiums.

It’s important to note that there are exceptions to this three-year “look back” period. For example, more serious offenses like drunk driving can remain on your record for much longer. Additionally, insurers keep logs as well. If you stay with the same company for more than three years, they will have a claims record that extends further, but they are unlikely to look back more than five years. 

Minimizing the Impact of a Claim

insurance Cincinnati, OHThankfully, there are ways to reduce the financial impact of a claim until it’s no longer on your record. Most insurers offer a variety of discounts, and there may be some that apply to you. Even if you are paying a higher premium, these deductions are still available and can help offset the heightened cost. For example, you may be able to get reduced premiums for completing a defensive driving course, limiting your mileage, bundling policies, maintaining a good credit score, installing an antitheft device, or increasing the deductible. If you have a student in your home, inquire about discounts for good grades, perfect attendance, or other school-related achievements. These are often available from the time the driver is added onto the policy until they graduate from their highest level of education.

 

If you need auto insurance in the Buckeye State, turn to Ohio Insurance Center Agency. Serving the Greater Cincinnati area, this independent insurance agency is proud to help clients find affordable coverage that meets all their needs. For more than 40 years, residents of Butler, Hamilton, and Warren counties have been turning to them for policies to protect their homes and vehicles. To schedule an appointment to discuss your needs, call (513) 522-6300 or reach out online.

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