How much does auto insurance go up after a claim?

Will my car insurance premium increase after an accident?

Concerned about your premium after an accident? It's understandable. We're here to help you understand the potential impact on your premium and explore your options.

GEICO takes many factors into account when evaluating insurance rates after an accident. Filing a claim after an accident won't necessarily impact your premiums. Some of the factors GEICO looks at include:

  • Driving record
  • Number of claims you've made in the past
  • Payout amount of your GEICO claims
  • If you have Accident Forgiveness* (Not available in CA, CT, and MA)

If your insurance rate is affected after an accident, you'll receive your new policy information and premium amounts about 30 days prior to the date your policy is up for renewal. If you have any questions, just call (800) 861-8380 or chat with us online or in the mobile app. One of our licensed insurance agents will be happy to discuss any of your GEICO claims.

How long does an accident affect my car insurance rate?

An accident can affect your car insurance rates for three to five years on average, though the exact duration depends on factors such as the accident's severity, whether you were at fault, your driving history, and your state's regulations.

How at-fault vs. not-at-fault accidents affect insurance rates

Understanding the difference between at-fault and not-at-fault accidents is crucial when it comes to your insurance rates. Insurance companies assess accidents differently based on fault, which directly impacts how your premiums are calculated. While each situation is unique, an at-fault accident will generally have a greater impact on your insurance premium.

How much does an at-fault accident affect insurance?

At-fault accidents often increase car insurance premiums as they are often an indicator of increase future risk. This increase typically lasts between 3 and 5 years, depending on the circumstances. However, your rate hike could be less severe if you have a clean driving record, or your insurer offers accident forgiveness. Note that each insurer calculates these potential premium changes differently.

Does your insurance increase after a not-at-fault accident?

While a not-at-fault accident is less likely to increase your insurance rates, it doesn't guarantee immunity from rate changes. Some insurers may still raise premiums, especially if multiple claims are filed in a short period, as this indicates higher risk. Rate changes after not-at-fault accidents also depend on your state's insurance regulations and whether the accident involved significant damage or injuries. If you're concerned about your rates, it's worth reviewing your policy and discussing potential impacts with your insurance provider.

Protect your insurance rates from increasing with Accident Forgiveness

Accident forgiveness is a feature offered by some insurance companies that prevents your rates from increasing after your first at-fault accident. It is often included as part of your policy or available as an add-on, depending on your insurer, and it's typically granted to policyholders with a clean driving record. It provides peace of mind and financial stability after an unexpected incident by protecting you from rate increases.

Don't let one mistake cost you more. GEICO's Accident Forgiveness feature helps you keep your rates steady after your first at-fault accident. Learn how Accident Forgiveness can protect your wallet and maintain the coverage you need!

Car Insurance Claim FAQs

  • How much does insurance increase after an accident?
    Insurance rates typically increase anywhere from 0% to 50% or more after an at-fault accident, though this varies significantly based on factors like the severity of the accident, the claim amount, and your driving history. State laws and your insurance company's policies also play a role in determining premium increases.
  • How long after an accident do you have to file a claim?
    The timeframe for filing a claim varies by insurer, but most recommend reporting an accident as soon as it is safely possible. Prompt reporting helps avoid complications and can mitigate costs. Check your policy or contact your insurer to confirm specific deadlines.
  • When does car insurance go down after an accident?
    While the exact timing depends on factors such as fault and your state's unique regulations, car insurance rates may be impacted by a prior accident for three to five years on average. Maintaining a clean driving record since the accident can help lower your premiums over time.

*Accident Forgiveness applies only to your first accident. Your insurance rate won't go up as a result of your first otherwise surchargeable, at-fault accident. Subsequent occurrences do not qualify for Accident Forgiveness. Accident Forgiveness eligibility is determined by your specific policy type, as well as your state laws and regulations. Terms vary according to state law.

This material is intended for general information only. It does not expand coverage beyond the policy contract. Please refer to your policy contract for any specific information or questions on applicability of coverage.