Car Insurance Premium Concerns
I was involved in a car accident that resulted in a total loss of my vehicle. The other party was entirely at fault, and I didn’t file a claim with my insurance. Despite this, my premium increased by over 200%.
I’m considering switching to a new insurance provider and I’m wondering if my premium will still go up because of this accident. Do I need to inform them about the incident? I’ve found a really appealing policy option that doesn’t require disclosure.
When applying for a new car insurance policy, it’s generally required to disclose any past accidents or claims, even if you were not at fault. Insurance companies assess risk based on your driving history, and an accident—even one where you weren’t at fault—can impact how they view your risk level.
If you don’t disclose the accident and the insurer finds out later (which they often do during claims processing or through background checks), it could result in denied coverage, policy cancellation, or even issues with claims in the future.
In terms of whether the new company will increase your premium due to the accident, it can depend on a variety of factors including the insurer’s policies, your overall driving record, and the specifics of the accident. It’s best to be upfront about your past accident when getting quotes; this way, you’ll receive a more accurate premium offer and avoid potential complications down the line.