Will a Texas Car Accident Affect My Auto Insurance?

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Will a Texas Car Accident Affect My Auto Insurance?

Experiencing a car accident can be overwhelming at best and devastating at worst for all parties involved. When you are the at-fault driver in a car accident, the strain is even more intense. One of the major stressors for individuals involved in a car accident is dealing with the insurance process – mainly if the car accident left one or more parties injured. Another common stressor is worrying about the long term affect a car accident may have on your auto insurance.

What Factors Contribute to Insurance Rate Changes After a Car Accident?

Numerous factors may contribute to insurance rate changes after a car accident. When an insurance company considers an auto policy for renewal, and one of the drivers on the policy has been involved in a car accident, they will first look for fault. When a driver is determined “at fault,” they are considered to be the cause of the accident. In some cases, one driver is identified as at fault. In other cases, multiple drivers may be found at fault.

Does My Car Insurance Rate Increase If I’m Not the At-Fault Driver?

First and foremost, if you are involved in a Texas car accident, but you are not the at-fault driver, your insurance rate will not change. Auto insurance companies increase the rate for insured’s when they identify a driver as a greater risk for future claims. If a driver is in an accident, but another driver on the road caused the accident to occur, the insurance company does not identify this as a risk.

Does My Car Insurance Rate Increase If I’m the At-Fault Driver in a Car Accident? 

If you are in a Texas car accident, and you are the at-fault driver, your insurance rates will probably increase at policy renewal. The average auto insurance rate increase after a car accident is 26-33%. According to data collected by Insure.com, this equates to approximately $360 to $460 more annually for the average driver. Some insurance carriers offer insurance policies that include “accident forgiveness” that applies to the first at-fault accident incident, helping good drivers avoid hefty rate increases. It’s important to note that accident forgiveness has to be purchased before the event. It will not be a possibility to add it to an insurance policy after an accident occurs.

As a legally recognized “driver” on the road, never admit fault or claim the blame for an accident without discussing your situation with an experienced and trusted car accident attorney. If you are in an accident on the road in Texas, don’t hesitate to call the experienced team at Carrollton’s Hudson Law Firm. We put Personal back into personal injury law.