Why did my premium with GEICO increase so much?

After I got into my first wreck, my premium went up by about $1,200. The accident was my fault and I did total my car. Before that, I had been with GEICO for five years and had a safe driver discount in addition to accident forgiveness. Why didn't my accident forgiveness kick in and help spare me this increase? Should I stick with GEICO or try to move to a new company?

“Getting into an accident is terrible, especially when it totals your car and your premium increases. While frustrating, it is common for car insurance rates to increase after an accident, even if it’s your first.
Part of the reason your premium increased is that accident forgiveness only applies under certain conditions.
For example, GEICO could deny the discount if the accident was your fault and it caused a significant amount of damage.
While your rate has increased significantly with GEICO, you can always compare rates from different car insurance companies before making a decision.
If you want to find cheap car insurance quotes fast, you can always compare rates from up to 50 top providers using Jerry.
If you decide to stick with GEICO, the best thing you can do is drive safely and maintain a clean record. Taking a defensive driving course and enrolling in their DriveEasy program can also help reduce rates. DriveEasy tracks your driving behavior and provides a discount based on the results.”
Sophie Newman
Answered on Sep 14, 2021
Sophie Newman is a writer from California. Her hobbies include brewing her own kombucha, riding horses, and taking long road trips.

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