AUTO INSURANCE ARTICLE

What is Accident Forgiveness Car Insurance?

By: coppeneur

Some accidents are unavoidable, but when you get involved in one where you are at fault, your succeeding premiums generally suffer. Specifically, your pocket suffers, because a premium hike is up for you.

But we have good news for you. With the right car insurance plan, you can avoid a post-incident hike in your policy amount. A number of auto insurance companies may forgive your accident, at least in terms of slapping you a higher premium. But there is no free lunch, so this one does not go without a fee. And there is nothing like no-strings attached too – so the offer is not open to everyone.

To qualify for accident forgiveness insurance, most providers require that you show a clean driving record for five years. And signing up for a forgiveness accident may just cover for an accident once. So, beware, even with the forgiveness option, multiple accidents could spike a customer’s premium upward.

While the cost of coverage can vary according to the state you live in, the car you drive and your driving record, accident forgiveness insurance doesn’t come by cheap. But it’s relatively cheap in the long run, given the savings you could make should that dreaded accident strikes.

If you’re in looking for a fresh car insurance policy or planning to change your current provider, the following insurers offer accident forgiveness: All State, Progressive Auto Insurance, Geico, Liberty Mutual , Nationwide.

Additional things you might want to consider as you shop for accident forgiveness insurance:

1. What kind of coverage do you want? Maybe you can get by with liability insurance? Or would you prefer a comprehensive coverage?

2. Think about your deductible. How much of a loss can you cover from your own pocket?

3. What are the insurance laws in your state? What are the mandatory or minimum requirements for your car to be street-legal? Get in touch with your local insurance departments.