How long do car accidents affect my insurance rates?
Tuesday, March 23rd, 2010 at
6:24 am
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Bill R asked:
I have heard that accidents and tickets will affect car insurance rates for five years. I was in an accident four years ago, that was determined to be my fault. Now, my (old) insurance company just settled this claim. Is this going to affect my rates for five years from the settlement date or from the date of the accident?
Howard
I have heard that accidents and tickets will affect car insurance rates for five years. I was in an accident four years ago, that was determined to be my fault. Now, my (old) insurance company just settled this claim. Is this going to affect my rates for five years from the settlement date or from the date of the accident?
Howard
Tagged with: Car Insurance Rates • Insurance Company • Settlement Date
Filed under: Insurance & Registration
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Philip
i think from the date of the accident
Tina
Typically most companies look back three years for at fault accidents and traffic tickets and five years for DWIs. It will only affect you three years from the date of the accident, not the settlement.
Sandra
Depending were you live it can be from 5 to 6 years for Accidents and 3 years for conviction (I am in Ontario Canada)
your accident will only be affected from the date of the accident and not the settlement date..
So don’t worry you only have 1 or 2 more years to go..
Emma
totally depends on company & specifics. in your case, from date of accident, i think. i had a minor accident (w/ my own garage!) & it was only 2 years.
I’ve found some helpful info here too:
Have a nice day.