The main reason for not reporting an accident is to prevent insurance premiums from increasing. However, that may be overrated. For example, many car insurance companies forgive a first accident especially if you are not at fault. And if you are not at fault, your rates shouldn’t go up at all. One of the problems [...]
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Usually not owning a car isn’t sufficient reason to class someone as a high-risk. If you decide not to carry insurance because you don’t own a car, your premiums may increase. However, this is due to the loss of any … Read More Read Post
Not all tickets will result in a price increase for your car insurance. For example, a parking ticket in and of itself won’t increase your premium. However, moving violations will. How much a ticket will increase your premium depend... Read Post
Insurance companies state it is the number of accidents, as opposed to the payouts that create additional risk, therefore additional premiums. A single accident may increase your premiums by $200 a year. However, subsequent accident... Read Post