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How Much Can My Auto Rate Increase After One Accident? Accidents almost always make your insurance rates increase. Whether or not the accident was your fault, your insurance company may have to pay for your involvement in it. Most 'at fault' accidents result in an increase in premium, because the accident will get rated against all of your coverages. When supply decreases and demand increases, costs get more expensive. If you did not carry enough insurance at the time of your accident you may now be required to carry more insurance. Carrying more insurance equals higher premiums. Some companies may not want to offer you insurance coverage at all after you report an accident. As I stated earlier, when you are involved in an accident your insurance company may have to pay for your claim - even if the accident was not your fault. These types of coverage - Personal Injury Protection, Medical Protection, Uninsured Motorist, and Collision - will cover you and the people in your vehicle when the accident is not your fault. » Discuss it » Continue Reading »
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