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6 Tips for Lowering Your Auto Insurance Rate After an Accident

February 1, 2021

Auto accidents can happen to anyone. Now that you’ve been in one, you’re seeing your auto insurance rate skyrocket. Does it have to be this way? No, it doesn’t. Here are six tips for lowering your insurance rate after an accident.

Tell Your Insurer About the Accident

It may be tempting not to tell your insurance provider about a minor fender bender, but telling your insurance representative is a smart decision. The other driver involved in the accident could sue you weeks or months later. If you didn’t alert your insurer about the accident when it happened, they may refuse 5o pay your legal bills and potential bills to the other driver. 

Ask Your Provider About Accident Forgiveness

Some insurers recognize that accidents are a part of life and they offer accident forgiveness after your first accident or after a certain number of years of buying insurance from them. Ask your insurance provider about details of their accident forgiveness policy. You’ll never know if you’re eligible until you ask. 

Look For a New Policy 

If you aren’t happy with your renewal rate from your current provider, it may be time to look elsewhere for affordable car insurance in MD. You’ll most likely still have to pay more because of your accident, but how much more you pay will vary by provider. When looking for a new policy, be sure to get multiple quotes from multiple providers to ensure you’re getting the best deal. 

Improve Your Credit Score

In addition to driving record and accident history, auto insurance companies also take into account a driver’s credit score when determining insurance rates. Many providers believe that individuals with a higher credit score are less likely to file a claim. Therefore, they offer them better rates. If you have less than perfect credit, consider improving your credit score and then shopping around for a new policy.

Look Into Insurance Discounts

Numerous auto insurance providers offer discounts to their customers. Some of the discounts available include: 

  • Student discount
  • Multiple car discount
  • Bundle home and auto discounts
  • Senior discount

Check with your current provider to see if you are eligible for any discounts that they offer. 

Consider Dropping Your Comprehensive Coverage

Comprehensive car insurance covers non-collision damage that is out of your control. It’s an optional insurance policy and increases your insurance rate. Dropping your comprehensive car insurance policy is an option that can lower your auto insurance rates. It’s usually the best option for drivers who have older cars that you plan on replacing soon. 

Finding Drivers the Best Auto Insurance Policies Since 1983

If you have recently been in an accident and want to lower your auto insurance rate, let American Heritage Insurance help. We hand-pick policies from high-quality insurance carriers, so you can rest assured that we’ll find you the best rate. Contact us today to request a quote. 

What Our Clients Say...

Over and above the time, effort and saved dollars that you put into earning our business – your careful attention to detail in getting our coverage right is what mattered the most. Thank you for educating me about the differences in coverage and for reallocating our insurance dollars to minimize our exposure while maximizing our policies.

- Eric L, President of Jeffrey Press, Inc.

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