A car accident is one of the most stressful experiences a person can go through. Aside from dealing with injuries and vehicle damage, there’s also concern over the possibility of increased auto insurance costs. This is a financial burden many drivers aren’t prepared for. If you need to file a claim, it’s helpful to know how you can expect your premiums to be affected.

What Happens to Auto Insurance Costs After an Accident?

It’s common for auto insurance rates to increase following an at-fault accident. Even just one incident can move you into the high-risk driver category. However, the amount your premium goes up will typically depend on the details of the collision and your driving history.

For instance, you’re likely to see a big spike in your coverage costs if you were cited for drinking and driving, or the crash resulted in a serious injury or death. If you have another accident on your record, this can also lead to much higher premiums. Insurers usually factor in previous claims for the last three to five years. 

When Might a Collision Not Count Against You?

Contrary to popular belief, auto insurance rates don’t always rise after an accident. Often, insurers won’t count a minor collision against you, especially if your driving history shows you’ve never filed a claim before.

Some providers also offer accident forgiveness, which means they won’t increase your premiums for the first accident you cause if you have an otherwise clean record. Additionally, you won’t generally be penalized for a crash you aren’t responsible for. This includes incidents involving hit-and-runs and uninsured drivers if you have the proper coverage.

Fortunately, auto insurance is designed to protect you from major financial loss, whether an accident is your fault or not. Let the professionals at Siemers Insurance Agency help you customize a policy you can rely on when you need it the most. Based in Cincinnati, OH, they’re proud to provide residents across the Tri-State area with high-quality products offered by reputable carriers. Call (513) 469-8877 to request a quote or visit their website to explore your coverage options.