Everybody wants to avoid getting into a car
accident, but there is a strong likelihood that at some stage in our lives we
will be involved in one. There’s a chance your New
Hampshire auto insurance will cost more after an accident, but how
much more? Well, the answer depends on a lot of things, so we’ll run you
through a few factors that insurers take into account when determining your
premiums after an accident.
Of course, the first thing insurers want to know
is whose fault the accident was. If it was not your fault, you should not be
penalized at all, but if it was your fault, you may see an increase in your
premiums.
If the accident was serious (and your fault),
your premiums could go up by about 10 percent. If the accident causes serious
bodily injury, your costs could even increase by more. It comes down to the
increased risk you now represent to the insurer.
If you are found to be driving with gross
negligence (driving under the influence of drugs or alcohol), your policy might
be scrapped altogether and you could end up in an assigned risk policy pool,
which is very expensive.
If the crash is minor, your premiums might not
go up at all, particularly if you have a good history.
One piece of good news is that your premiums
won’t change until it’s time to renew the policy. In the meantime, drive with
care, and keep your future New
Hampshire auto insurance costs down. At Downey Insurance Group, we can
help you with anything you need, so don’t hesitate to contact us!