Accident Forgiveness Car Insurance: What You Should Know

By October 3, 2016Auto Insurance
accident forgiveness car insurance

If you’re shopping for coverage, accident forgiveness car insurance is something you should consider. You’re a safe driver. You look both ways at intersections. You come to complete stops at lights and stop signs. You share the road, practice defensive driving, the whole nine. You might be thinking “I drive safe. Why would I need it?” Well, read on.

Car insurance in general

Car insurance, like most insurance, is paid in premiums, preset by a number of factors. Some of these factors include your age, years and experience driving, educational achievement, and the make and model of the vehicle. All of these things are tied to statistical trends that make for safe, or not so safe, drivers. But what if you’re a safe driver, and you’ve got premiums you can manage? Does accident forgiveness even matter if you don’t ever get into an accident?

What is Accident Forgiveness Car Insurance?

How does it work? Let’s say you do get into an accident. That’s when premiums typically increase – and one thing you don’t want to be doing when you’re facing injuries and auto repairs is pay even MORE money. That’s where accident forgiveness car insurance comes in. While the specific details differ, accident forgiveness keeps your premiums from rising after an accident. If you’re already paying for other things, and you’ve been a safe driver up to this point, it can help keep your life right on track. It may also come with safe driver rewards, such as a deductible for extended periods of safe driving. These can add up over time.

Is it Necessary?

Acquiring accident forgiveness can provide some car insurance perks. As with any purchase, however, it is important to shop around and see what is best for your budget. If you are accident prone, accident forgiveness car insurance can provide a safe buffer; if you’re a safe driver, it adds another layer of protection and peace of mind. This may come at the cost of a slightly increased premium, but may also prove invaluable when you need it most.

How do I know if Accident Forgiveness is Right For Me?

A good rule of thumb is to compare the rates you currently pay with the rates you’d have to pay assuming you got into an accident. If that increase in premium cost is greater than the added cost for accident forgiveness, then you should probably consider the latter. Different insurance agencies have different rates, and some may include forgiveness at no extra charge. It’s important to find the one that’s right for you.

If you’re concerned about your safety on the road (some drivers, after all, have dangerous habits), check to see if accident forgiveness is a part of your policy. It can keep your premiums lower should you get into an accident, and it may also be included among other advantages rewards. Concerned about the cost? Ask your broker to shop around and find a policy that allows for deductibles and decide if it’s right for you.

Ask Hotwire Insurance Services about Accident Forgiveness

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