How You Can Improve Your Auto Insurance Rates After a Collision

There are already plenty of things to worry about after getting into an auto accident. From tending to injuries to getting your car fixed, there’s enough on your plate following a collision. But worrying about your auto insurance rate can literally add insult to injury.

NerdWallet analyzed quotes from around the country for drivers with one at-fault crash to show how much more they pay than customers without a scratch on their driving records, on average. In Indiana, specifically, drivers landed fifth on the list with an average jump of $190. That’s no small chunk of change. But there are ways in which rates can actually be lowered or not affected as much following a crash. Here are a handful of things to look into.

Always Report Your Accident

Even if you just caused a small fender-bender where no one was hurt and there was minimal damage, you still need to report it to your insurer. A Marion County insurance agent or other local agents can help to figure out the best steps following a crash. You may ask yourself, “If they don’t find out, then my premium won’t see an increase, right?” That’s completely wrong.

The other driver could turn around and sue weeks or months later and failure to report an accident might cause your insurer to refuse your policy. Legal bills will stack up and the potential of your driving record being heavily damaged goes up. Ultimately, an auto insurance increase is better than other bills and long-term repercussions.

Check For Accident Forgiveness

Most drivers will get into car accidents about every 18 years. If you haven’t been in one yet, or haven’t been in one in a long while, your insurer may be willing to ignore a mishap without raising a premium. Each auto insurance company differs in its forgiveness plan, but it doesn’t hurt to see what they can do for you.

Take A Driving Class

Driving classes aren’t just for high schoolers looking to get a lower rate before they get their license. Drivers who have been in an auto accident can in fact take a defensive driving class after a collision and possibly keep your rates low during renewal time.

Look For Other Discounts

There are many ways in which you can take advantage of built-in discounts:

  • If you have an older car, it may be best to drop collision and/or comprehensive coverages.
  • Also, if you drive less than 10,000 miles per year, there may be a discount from your insurer available.
  • Have you been a long-term customer at your insurer? This may even be a way to lower your rate, even following a collision, because of the rapport you’ve built over the years.

Even if you’re the one who caused a wreck, there’s still hope for your insurance rate. Take heed of these simple steps and you could end up saving more in the long run.

About McClain Matthews Insurance

At McClain Matthews, we specialize in providing comprehensive insurance solutions for Indianapolis residents, business owners and beyond. For the last 69 years, we have established relationships within our community and pride ourselves on tailoring coverages as needed by our clients. For more information on how we can serve you, contact our friendly experts today at (317) 298-7500.