You’ve decided to update your auto liability insurance coverage, but as it turns out, you don’t have the cleanest driving record. It’s not that you’re an irresponsible driver, it’s more that you just had a spell of bad luck a few years ago. There was that one time you sideswiped a Mazda when you were trying to parallel park. Or that other time you let your best friend use your car and they rear-ended a cop car (long story). Then of course the time you were ticketed for going 50 in a 35 (okay, that one’s a little bit your fault) but you learned! While you have to expect higher premiums because of your shaky driving record, that doesn’t mean you still can’t get a comparably good offer.
At CoverHound, we can help you find an auto insurance policy that will protect and save you money—it’s a win-win!
Auto Insurance Doesn’t Have to be Another Bump in the Road
It’s not just your driving record that influences your premium rates, it’s your insurance provider, too. Insurance providers will raise your premium after a ticket or an accident no matter how clean your record was up until then. If you’re the motorist who caused the accident and it’s not your first one, your insurance company sees you as a risk. Don’t take this too personally, it’s just the way insurance works.
If you have a driving record peppered with insurance claims, you’ve probably gotten used to the premium hikes over the last few years. But if you haven’t had an accident in a while, there’s a way to lower that monthly premium. One way to do this is to ask your agent if your insurance policy includes an accident forgiveness clause.
How an Accident Forgiveness Clause Can Reduce Your Rates
Statistically speaking, motorists will file a collision claim once every 17.9 years, according to Forbes. This means that every driver on the road will likely be involved in an auto accident at least once during their lifetime. Thanks to the Accident Forgiveness Clause, some insurance companies may forgive your accident immediately, and you won’t see any hike in your insurance premium. But other agencies will raise your premium, your Accident Forgiveness Clause is only applicable after you have proven that you’re a responsible driver with three to five years of being accident-free. If your last accident occurred a few years ago, then your insurance agency might be in the process of lowering your monthly statement.
When there is No Accident Forgiveness Clause or Renewal Rate
Not all insurance companies have an Accident Forgiveness Clause, and not all offer a discounted renewal rate. If you don’t think your insurance company values your business, consider making a switch. CoverHound can help you find auto liability insurance coverage that is cost-effective and efficient. Though your new insurance company will know about your past driving discrepancies, there’s a chance that they will charge you at a lower rate. When you take advantage of discounts and increase your deductible, your new provider will offer you a payment plan that you’re both happy with.
Auto insurance is meant to protect you, not neglect you. Here at CoverHound, we help you find the right coverage for you. Call (866)-278-7881 or use our online comparison and shopping portal to get started.