accident

How An Auto Accident Affects Your Insurance Rates

You’ve probably heard somewhere that car accidents tend to increase your insurance rates. Before you start panicking after an accident you should know some of the facts. Whether or not a rate increases and how high the increase is, depends on the insurance company’s policy. There are three common factors that determine a driver’s insurance rate after an auto accident.

Your Driving History Affects Your Premium

Some insurance companies look at the driver’s past driving history to determine whether to increase a premium. With most companies, poor driving history—like having multiple traffic tickets—is likely to influence these insurance rates. Most companies that view driving history as a determining factor charge higher rates after the accident and when the driver is joining the insurance company. Over time, however, if the driver has not had anything else added to his motor vehicle record, the rate usually decreases. This is because good driving is rewarded, and the insurance company is less likely to see the driver as reckless.

Your Rate Usually Increases When You’re At-Fault

Similar to receiving traffic tickets, being at-fault in a car accident is frowned upon when it comes to receiving a good interest rate. Insurance companies look at whether or not a driver has recently caused any car accidents. At-fault accidents make drivers appear to be more of a liability, and insurance rates can be higher for this reason. Even small infractions like side-swipe accidents after not checking a blind-spot can influence with certain providers. If the driver hasn’t had an at-fault accident, or if it’s been years since they have, insurance rates usually decrease.

Your Age May Determine Your New Insurance Rate

Statistics usually show younger drivers have car accidents more frequently, and insurance companies tend to follow statistics when deciding on their next move. Many teenagers and younger adults are often distracted behind the wheel, whether the distraction arises from phone-use or from talking to other passengers. Although not all young people are careless, the data shows that people in younger age groups are likely to have at-fault accidents and therefore, the company’s risk of having to pay out money to claimants increases. As the company’s risk increases, so does the driver’s premium.

Some insurance companies look at all three of these factors to determine future insurance premiums while other companies may only have one determining factor. Companies tend to follow the data that’s in front of them, however, so the fact remains that age, driving history, and past at-fault accidents are important in determining how much a driver should be charged for coverage.

What Kinds Of Accidents Most Often Result In Fatalities?

While a good number of drivers strive to exercise caution on the road, there are some situations that are beyond our control. However, it is important to be aware of the kind of traffic accidents likely to result in fatalities since you will be in a better position to avoid these situations. Although auto makers are continuously coming up with cars that incorporate modern safety features, the majority of the accidents on public roads are attributed to human error.

Head-on Collisions

There is no doubt that speed kills. In fact, one of the reasons why head-on collisions often result in fatalities is because of the impact that the added speed of both vehicles produce. However, fatal head-on collisions are not just limited to the case of two moving vehicles. When a vehicle travelling at high speed hits a fixed solid object, there is likely to be almost the same kind of impact. The car will not only sustain serious damage, but the occupants may also suffer fatalities.

Rollover Accidents

The rolling motions of a car rolling over on its side or roof will cause the occupants to get tossed. Even when they are belted, the upper torso will still be subjected to sideways motions, leading to serious injuries that could even result in death. The situation is even more serious for unbelted occupants since they could be ejected from the car after such an accident.

T-Bone Crashes

While most cars have bumpers that protect against front and rear collisions, there is little protection against side impact. When crossing an intersection, another car may run into yours, hitting the relatively thin side door, and causing great damage. Driving at high speeds increases the chances of fatalities when such crashes occur.

Drunk Driving Collisions

Drunk driving is one of the leading causes of traffic accidents. This is because drugs and alcohol impair judgment and undermine physical ability and reaction times. Depending on the circumstances, drunk driving can result in fatalities. In case you sustain injuries or lose a loved one in a collision where one of the drivers was under the influence of drugs or alcohol, you should consider contacting a car accident lawyer. The legal expert will explain the options available to you.

One of the best ways to avoid these road accidents is to ensure that both the car and driver are road ready before going on a trip. This means getting adequate rest and making sure your car is properly maintained.