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∎ ABOUT THIS VIDEO ∎
How Much Does Car Insurance Go Up After An Accident? (GUIDE). In this video, we explain some of the factors that are important in determining your car insurance premium and how much it will increase after an accident. When it comes to finding the best auto insurance rates, you need to consider what will happen if you get in a car accident. Most insurance companies will increase your premiums (by up to 70%), but there are certain things you can do to counteract this. For instance, by increasing your deductible, you can help to reduce the increase in your insurance premium as a result of an auto accident. There’s a lot more information about car insurance rates and companies on our website. Hopefully you found this video helpful!

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∎ CONNECT WITH US ∎
Website: https://www.thesimpledollar.com/?utm_source=youtube&utm_medium=video&utm_campaign=auto%20insurance&utm_content=2dJho1hNz5o
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∎ TIME STAMPS ∎
0:00 – Intro
0:39 – How Much It Will Increase
1:28 – Factors Involved
2:10 – Different States
3:18 – How To Limit Increases
5:32 – Final Advice

∎ DISCLOSURE ∎
All insurance products advertised on TheSimpleDollar.com are underwritten by insurance carriers that have partnered with HomeInsurance.com, LLC. HomeInsurance.com, LLC may receive compensation from an insurer or other intermediary in connection with your engagement with the website. All decisions regarding any insurance products, including approval for coverage, premium, commissions and fees, will be made solely by the insurer underwriting the insurance under the insurer’s then-current criteria. All insurance products are governed by the terms, conditions, limitations and exclusions set forth in the applicable insurance policy. Please see a copy of your policy for the full terms, conditions and exclusions. Any information on the Site does not in any way alter, supplement, or amend the terms, conditions, limitations or exclusions of the applicable insurance policy and is intended only as a brief summary of such insurance product. Policy obligations are the sole responsibility of the issuing insurance carrier.

Fact-checked with HomeInsurance.com. HomeInsurance.com, LLC, is a licensed insurance producer resident in North Carolina with license number 020773852, with its principle place of business at 15720 Brixham Hill Avenue, Suite 300, Charlotte, NC 28277. HomeInsurance.com, LLC services are only available in states where it is licensed, and insurance coverage through HomeInsurance.com, LLC may not be available in all states.

∎ CREDITS ∎
Much of the footage in this video has been provided by Storyblocks and Getty Images.




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