The Best Strategy for Switching Car Insurance Providers After an Accident
Thursday, 14 March 2024, 12:00
Should You Change Car Insurance Providers Right After an Accident?
A car accident has a huge effect on auto insurance premiums. Here's what drivers need to know about the best time to shop for new coverage.
Car accidents can send auto insurance rates skyrocketing
One accident bumped the average premium to $3,370 per year from $2,389 for a driver with a clean record last year.
The best time to shop for car insurance after an accident
Wait until the current insurance provider quotes a new price for the next policy term to compare it with rates from other insurers. Consider adjusting deductibles, coverage, and factors beyond price to find the best all-around coverage.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.