Will that accident affect your insurance rate?

So one of the most common questions I get is related to how an accident will affect insurance premiums.

If you are worried about this, then you are correct in doing so.  The answer as to how much your rate will increase is specific to the insurance company that provides your coverage.  For example, if you watch TV you’ll see advertisements from more than one insurance company that now offer “accident forgiveness”, or something of the sort.  In my opinion, this is a great marketing technique, but I would want to know how much it would have cost me to have an accident before “accident forgiveness” and then whether there is a charge to get “accident forgiveness” on your policy.  Without having those answers, how can one determine if the offer is a deal or a dud?

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