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What Insurance Premium Increases After an Accident?

Written by Michele Wilmonen. Posted in Ask An Insurance Question Last Updated: 09/30/2016

Q: When someone has an at fault accident, what parts of the premium increase? Is it the collision and property damage or do they spread the increase across everything? Thanks.

 

A: It is usually an across the board increase, but you won’t usually see it until your policy renews again.

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Michele Wilmonen

Michele's first introduction to insurance was working for a major insurance company as a file clerk and a mailroom supervisor in a regional office. She learned insurance directly from underwriters and claims adjusters from questions and also watching them do their job. Since then, she's earned a number of insurance certifications from the Insurance Institute of America and also a Bachelor’s degree from the University of Idaho. She blogs at Car Insurance Guidebook.

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