Some of the factors insurance companies consider when determining your premium include:
- Age
- Driving record
- Type of car you drive
- Where you live
- Amount of coverage you have
Generally speaking, an at fault accident will likely result in an increase in your insurance premium, but the severity and cost of the accident, including any injuries or property damage, will all be taken into account when your insurance company reassesses your risk profile and adjusts your premium accordingly.
It is always a good idea to contact your insurance company directly after an accident to discuss the details and any potential impact on your coverage. They will be able to provide you with an accurate estimate of any rate changes and answer any questions you may have.
