Does Travelers offer accident forgiveness for auto insurance?
Yes, Travelers offers accident forgiveness. You can add accident forgiveness to your Travelers car insurance policy as part of their Responsible Driver Plan. When you opt for the Responsible Driver Plan you’ll get accident forgiveness and minor violation forgiveness, which will forgive one at-fault accident and one minor violation over a three-year period.
What is accident forgiveness?
Accident forgiveness protects your Travelers policy by preventing you from being surcharged if you cause a car accident.
Normally, your insurance rate will be surcharged if you are involved in an at-fault accident that results in a claim against your Travelers policy. By purchasing accident forgiveness, you won’t have to worry about your rate spiking over one unfortunate misstep.
Travelers offers two optional add-ons that include accident forgiveness. The first is their Responsible Driver Plan which includes both accident forgiveness and minor violation forgiveness. With this plan, Travelers will forgive your first at-fault accident and your first minor violation every 36 months—or three years.
The second way to get accident forgiveness is by purchasing Travelers’ Premier Responsible Driver Plan. This plan builds off of the Responsible Driver Plan, adding their decreasing deductible feature and a total loss deductible waiver to your accident and violation forgiveness.
How much do your car insurance rates go up after an accident with Travelers?
On average, Travelers policyholders will see their insurance rate increase by73% after an at-fault accident If the accident resulted in severe property damage, major bodily injuries, or both, your rate increase will soar even higher.
Remember, this spike in your premium only pertains to you if you cause a car accident. Your car insurance generally shouldn’t increase if the collision wasn’t your fault or you were the victim of a hit-and-run. Ultimately, it’s the insurance company’s job to determine who is at fault after an accident.
If you are at fault for a car accident, it won’t negatively affect how much you pay for car insurance forever. In most states, at-fault collisions will stay on your driving record for three to five years.
What other car insurance companies have accident forgiveness?
Most major insurance providers offer accident forgiveness in one way or another. Some car insurance companies offer accident forgiveness as part of a safe driver discount or a loyalty discount—both of which can make a difference in lowering your annual coverage costs.
The only major insurer that forgoes accident forgiveness altogether is
Small accident forgiveness is free for all drivers. Large accident forgiveness is available for purchase to drivers who have maintained their policy for five years and are accident-free for three years.
When it comes to Travelers’ accident forgiveness, the cost will depend on which plan you choose. The Responsible Driver Plan costs $226 per year on average, while the Premier Responsible Driver Plan costs around $296 per year.
Is Travelers’ accident forgiveness worth it?
It could be. Just one at-fault accident could result in you paying hundreds of dollars more toward your annual premium due to a surcharge. True, Travelers’ Responsible Driver Plans don’t come cheap, but they are more affordable than the expenses that often follow an at-fault accident.
Unfortunately, accident forgiveness may not save you from being stripped of a
Accident forgiveness from Travelers will prevent a surcharge on your policy for one at-fault car accident every three years. If you cause another accident within that timeframe, accident forgiveness won’t apply, and your insurance premium will go up. As unpleasant as this is, there are some things you can do to lower your rate in the meantime.
If your insurance costs have gone up, you may want to look over your current coverage limits. While you’ll still need to carry
Travelers’ Responsible Driver Plan can provide peace of mind for qualifying drivers because it includes accident forgiveness and minor violation forgiveness. There is an upfront expense involved, but as long as you have only one at-fault accident and minor violation every three years, this protection can save you a lot of money in the long run.
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