Accident forgiveness discount

Accident forgiveness discount

Some car insurers offer accident forgiveness discounts to customers. Accident forgiveness discounts are provided by the car insurers for free if you have an accident-free driving history. Accident forgiveness discount protects the drivers against the raising car insurance premiums if the insurance policy gets into an accident. You can also purchase accident forgiveness with your car insurance policy.

Accident forgiveness

Car insurance companies calculate your car insurance premiums by considering different factors such as age, driving history, credit record, vehicle, the location where you live, etc. But driving history is the most important factor to determine the car insurance premium. Car insurance premiums are available at low rates for drivers with a good driving history without violations. Some car insurers offer discounts for drivers who have no violations or accidents in their driving history. Car insurance premiums are higher for drivers with accidents or crashes in their driving history. MyMoneyMyQuotes team has found the data of average drivers with accidents in driving history may pay 35-40% more car insurance premiums than the drivers with a clean driving record. 

For example, if you have an accident free-discount then you may pay $1000 car insurance premium for a year. But if you caused an accident you are not eligible to get the benefit of an accident-free discount. Your car insurance premiums become higher after an accident and you may pay up to $1400 car insurance premium for a year. For the next 3-4 years, you would have to pay these higher car insurance premiums. Because car insurance companies check the driving history of the past 3-5 years while determining the car insurance premiums. Car insurance cost also increased by adding collision coverage into your car insurance policy. You can avoid an increase in car insurance premiums if your car insurance policy includes accident forgiveness. But your car insurance company does not provide you an accident-free discount because of a recent accident in your driving record.

If you cause an accident then it will be recorded in your driving record even if you have accident forgiveness in your car insurance policy. If you will purchase a car insurance policy from a new car insurance company then this driving record will negatively affect your car insurance premiums. Mostly you can get the benefit of accident forgiveness only for  your first accident . You can use your accident forgiveness on subsequent accidents after an accident. Some car insurance companies offer an option to upgrade accident forgiveness which helps to cover the multiple accidents.

MyMoneyMyQuotes.com helps our customers make a more informed and sound decision by providing important information and guiding them to find cheap and best auto insurance quotes and policies for their needs.

How do I qualify for accident forgiveness?

Requirements for accident forgiveness may vary from company to company and state to state. Car insurance companies check your location and driving history before offering accident forgiveness. Most car insurers provide accident forgiveness to those drivers who have no violations in their driving history from the past few years. Accident forgiveness programs are not available in all the states of the USA and offered by a few car insurance companies. 

Drivers with a clean driving record can get accident forgiveness benefits for free with car insurance policy. Some car insurance companies allow their customers to upgrade the accident forgiveness to cover multiple accidents. Following are some car insurance companies that provide accident forgiveness to their customers:

Name of the company

Requirements

Availability

Allstate                 You must have an accident free driving history from the past 3-5 years. Gold accident forgiveness covers one accident and platinum accident forgiveness covers the three accidents. Available in a few states of the USA.
 

Farmers Insurance                                                                 

You must have an accident driving history from the past three years. Available in all states.
GEICO Available for the drivers of the age of more than 21 with a clean driving record for 5 years. Available in all states of the USA except California, Connecticut, and Massachusetts
Liberty Mutual Available for drivers with a clean driving record for the past 5 years. All states except California
Nationwide Accident forgiveness covers only one accident and extends to other drivers on your car insurance policy. Available in few states
Progressive Accident forgiveness covers only accidents that cost less than $500. It is available for drivers with a clean driving history from the past 5 years. Available in few states of the USA
Travelers Accident forgiveness covers only one accident and available for the drivers with a clean driving history from the past 5 years. Available in a few states.
Erie Insurance Accident forgiveness is available for drivers with a clean driving record from the past 3 years. Available in a few states of the USA.
State Farm Accident forgiveness is available on 9 years of accident-free driving. Available in a few states of the USA.
USAA Accident forgiveness is applicable on 5 years accident-free driving and covers only one accident but you have the option to upgrade. Available in all states of the USA except California and North Carolina

Other benefits for good drivers

Car insurance companies provide different benefits to good drivers along with accident forgiveness.

  Accident-free discount

  • Accident-free discounts are offered by different car insurance companies to the drivers with a clean driving history without violations from the past 3-5 years. These discounts help to lower the car insurance premiums and these discounts are increased with time if you can maintain a good driving record.

  Vanishing deductible

  • Your car insurance company will lower your car insurance premium every year if you had no accidents. This helps you to save on your car insurance policy. Car insurance companies may decrease your deductibles up to $100-200 for a year.

  Good driving discount

  • A good driving discount is offered by different car insurance companies to decrease car insurance premiums. It is offered to the drivers with a good driving history. Car insurance companies may offer a 5-10% good driver discount if you have no accidents in six months.  
  • Understanding your car insurance coverages and finding a cheap car insurance quote can be a very time consuming and complex process.

To find the best and cheap car insurance for your needs, MyMoneyMyQuotes.com can help you save by comparing auto insurance quotes from different insurance companies using tools provided by MyMoneyMyQuotes.com

Finding a good price for an auto insurance quote can be quite overwhelming and confusing for many. At MyMoneyMyQuotes.com, consumers can shop and compare auto insurance quotes online for free and find the best and cheap rates for their coverage needs for an auto insurance policy.

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