How do I lower my car insurance premium after an accident?
I got into an accident a few months ago. My car insurance is set to renew and my rate went up $100 a month! How can I lower my premium?
Finding out an accident raised your premium is the worst! It’s extremely common, so know you aren’t alone in a rate increase after having an accident.
When policies renew, both you and your car insurance company have a chance to rerate or reconsider your policy. For an insurer, that usually means looking at anything that may have changed in your driving record or claims history. For you, it can mean a chance to shop around and possibly find a lower premium before your policy renews.
Since your insurance is renewing, contact your current company to see whether you qualify for any discounts. You may want to take a driver training course or find out whether you’re eligible for occupational or educational discounts. You could also enroll in a telematics or driving behavior program.
If you carry full coverage or optional coverages such as rental reimbursement, talk to an agent. You may be able to adjust your coverage levels, which could reduce your premium.
You should also request car insurance quotes from at least two or three other companies. Insurance rates vary between companies, so shopping around is essential to saving money. Even if you have an accident on your record, you may still be eligible for a lower premium elsewhere.
That’s when you should check out Jerry. Jerry is a licensed broker that offers end-to-end support all while living in your pocket! Jerry collects car insurance quotes from top insurance providers, ensuring you always have the best rate.
If you aren’t able to find a lower rate, don’t stress! Keep shopping around every six to 12 months. As your accident ages, you should start to see lower rates as long as you maintain a clean driving record.
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