Car Accidents and the Cost of High Risk Insurance
Auto insurance prices are based on the possibility that a vehicle owner will file a claim. Consequently, being involved in an automobile accident can have a negative impact on coverage costs, depending on the nature and severity of the collision. If a driver is not at-fault for the incident, there is a small chance that the policyholder’s premium will increase. However, if the motorist is at-fault for any damages, or are incident is coupled with a moving violation, there is a good chance that the offending driver will encounter higher rates and enter the non-standard market.
