Will my insurance rates go up after an accident?

Maybe. Insurance companies use many factors to determine your premium. Traffic violations, age, gender, residential neighborhood, miles traveled, prior accidents, and other factors may affect your rate. Different insurance companies use different methods to determine premiums. If you are a good driver, have no traffic violations, and havenít had an accident in years,then a new accident will probably have little effect on your rate.accidents, and other factors may affect your rate. Different insurance companies use different methods to determine premiums. If you are a good driver, have no traffic violations, and havenít had an accident in years, then a new accident will probably have little effect on your rate.

If you did not file a claim, your insurance company may not cover you due to failure to file the claim, so do yourself a favor and file a claim every time you are in an accident. Do not be someone who does not file a claim, just because your premium might go up.

The simple fact is that if you were in an at fault accident, you have to pay a higher premium so people without any claims can have lower rates. Do not get angry if your premium does increase, because if you keep your driving record clean for a while, then your premium will go back down.If you are in an accident, what is never an option is to go without filing a claim. If you get in an accident, always file a claim even if the damage seems minor. After all, that's the reason you pay for an insurance policy in the first place. When it involves another person or vehicle, that is when it is extremely important to file a claim. The reason being, is that the person could sue you weeks or even months later for a number of reasons.