Subject: Will My Wife’s Insurance Rate Increase After My At-Fault Single-Car Accident?
Hi everyone,
I recently experienced a single-car accident where I hit the curb, and my vehicle might be deemed a total loss. I’m currently insured under my wife’s policy, which covers both our vehicles and drivers.
Since I was the one at fault in this incident, I’m wondering if her insurance premium will be affected if she decides to keep her coverage separate from mine going forward. Right now, she’s the policyholder and I’m listed on her policy.
Thanks for your insights!
In most cases, yes, your wife’s insurance premium may be affected by your at-fault accident, even though you are a listed driver on her policy. Insurers typically review the driving records of all drivers on the policy when assessing risk and setting premiums. Since you were at fault in the collision, this could lead to an increase in her rates when the policy is renewed.
However, the specific impact on her premium can vary based on several factors, including:
Insurance Provider Policies: Different insurance companies have varying policies regarding how at-fault accidents impact premiums, and some may be more lenient than others.
Claims History: If this is the first accident or claim, some insurers might have accident forgiveness programs that could prevent or lessen the increase.
Your Driving Record: If you have a clean driving record otherwise, it might minimize the impact of this incident.
State Regulations: Certain states have laws that affect how and when rates can be increased after an accident.
It’s a good idea for your wife to contact her insurance company to discuss the specifics of her policy and how this accident might impact her premium. Additionally, if you decide to get your own insurance separately, your driving record—including this collision—will likely influence your rates as well.