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Understanding How Car Accidents Can Affect Insurance Rates

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Car accidents stay on your driving record for a while, impacting your insurance rates. How long these accidents will affect the record and by how much depend on their severity and the insurance payout. Also, it depends on whether or not the person caused the accident.

If you have been in an accident, you must ask your insurance provider if it will impact your rates and whether there is a forgiveness program you can take advantage of. Some insurance policies don’t come with a forgiveness policy. Indeed, you may need to pay for the more advanced policy to unlock accident forgiveness.

The Impact of your Driving Record on Insurance Rates

If your driving record shows significant violations, you will be a higher risk to the insurance company. If you have been found to cause an accident because of speeding, you may repeat this behavior, increasing your likelihood of paying out a claim in the future. To recoup the possible cost, they will increase your monthly premium.

How Long Will Your Accident Stay on your Driving Record?

Although your car accident will stay on your driving record for many years, the amount of time varies. If you were at fault for the accident, you must contact the DMV to know how long your accident stays on your record. If you were not at fault, the accident will not be reported on your DMV record; however, it can still be found on your insurance history record.

In Texas, blame is assigned after a car accident. If you were at fault for the accident, your insurance company will have to pay for damages to the other driver. If the other driver was at fault, you can make a claim against their insurance company for damages. A houston car accident attorney can help you with this. If you cause the accident, your insurance rates will go up when it’s time to renew your policy. Drivers who cause an accident get three points. But, these points are removed from your record after three years.

What to Expect If you are Not at Fault

The at-fault driver has an obligation to follow traffic rules, drive safely, and limit the risk of causing harm to other road users. A driver who breaches the duty of care can be held liable in a civil personal injury lawsuit. You may be entitled to compensation that includes medical expenses, lost wages, as well as pain and suffering,