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Switching Car Insurance After an Accident — What You Should Know

Car insurance rates often raise following a car accident. Due to this fact, many people consider switching insurance companies after they are involved in a collision. But will changing providers actually help you save any money?

How Long Does an Accident Affect Your Car Insurance?

A post-accident insurance rate can stay with you for approximately three to five years following the resolution of your claim. The actual length of time that the higher rates last will depend on state laws and the terms of your insurance policy.

So, is switching insurance providers a way to avoid years of higher rates and start fresh? Not exactly.

The price of car insurance depends on a provider’s predicted likelihood that you will be involved in an accident, and as a result, that they will need to pay a claim. Insurance companies arrive at their rates by evaluating a variety of demographic factors and metrics. One of the most influential factors is your driving history.

If you are involved in an accident, it is unlikely that you will be able to completely avoid paying higher rates. It’s possible that you will be able to find a less expensive plan at another insurance company, but your rates would likely still be higher than standard because of your recent involvement in an accident.

How Can I Reduce My Car Insurance Rates After an Accident?

Although car insurance premiums can increase after an accident even if you were at fault for the collision, it is much less likely that you’ll pay more if another driver is liable for the damages. Proving the liability of a negligent driver can not only help you receive the compensation you deserve, but can potentially keep you from continually paying high insurance rates years after a car accident.

Attorney Danny Cornell has over 25 years of experience representing the victims of car accidents and is prepared to apply his experience to your case. At Danny Cornell Law, it is our founding attorney’s goal to help clients recover fully from the effects of a collision — including high car insurance premiums. He is committed to protecting your rights during the legal process and holding negligent drivers accountable. If you were injured because of another driver’s negligence, contact Danny Cornell Law to discuss your case.

To schedule a free consultation with Attorney Danny Cornell, complete our contact form or call (319) 219-2800.

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