Serious Accidents and Insurance Claims
Some car accidents are minor and some are very serious. Serious accidents and insurance claims is the difficult part of driving and maintaining auto insurance on your car. If you have had a car accident and need to file a claim, this interesting article on the subject of a total loss offers specific advice on making a claim when your car is a total loss or very close to being a total loss. It’s important to know the severity of a car accident will
have a direct effect on your car insurance rates. In almost all the 50 U.S. States, the auto insurance industry based their surcharges on a fixed
threshold. What does that mean? In the state of Pennsylvania, the at fault accident threshold is $1150.00. This means if you are involved in an accident which is your fault and the cost of the total claim is under $1150.00 – you will not see an increase in your car insurance rates. On the other
hand, if the total cost of the serious accidents and insurance claims are over $1150.00 – you will see an increase in you car insurance rates.
You may ask – How long will I need to pay the higher car insurance rates? This is commonly known as a drivers experience period. The experience period in most states is 36 months. This means once the incident date is over three years old, you can no longer be surcharged for that specific incident. In some cases; even if the incident is over three years old, you may not qualify for some discounts. Some carrier will say you don’t qualify for a certain Preferred Program if you have had an at fault accident in the last 60 months. Regardless of financial cost; serious accidents and insurance claims are going to cost you time and aggravation. Bottom line, the better the driver – the lower your car insurance rates.