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Are auto insurance companies in Canada allowed to raise rates because of an accident?
Carljessome
Yes they are, and the majority of time that is when they will raise rates, especially when you are At Fault.
If you were at-fault for the accident and had to make a insurance claim, then your rates will definitely increase, since you are a higher risk driver, and the insurance company had to pay out because of you.
If you are in an accident that you were not at fault, then your rates should not increase but they might. Some companies again see this as you being a higher risk driver since you were in a accident, even if it wasn't your fault, so they will raise the rates. If this happens, I recommend switching insurance companies, as a good company should not do this.
In either case your rates will not increase until your insurance is up for renewal. At which point, if they do increase I would recommend looking around and comparing prices from other companies
Wiki User
∙ 12y ago
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Why do insurance companies test for drugs after an accident?
Because the accident could have been caused by the use of drugs.
Can you switch car insurance companies because of an accident?
Even if you get to do it any insurance company will find about your driving records so you will still get high rates because you are considered a high risk driver.
Why do auto accident settlements take so long to be concluded?
When someone is in an auto accident it often seems that the settlement takes a long time to come to a conclusion. This is because all parties must provide information to the insurance companies and the insurance companies must undertake a thorough investigation.
I have insurance and allowed a friend to drive my car and she had an accident who is at fault?
Your friend is. If she is over 25 she is normally covered. Because you claim on youe insurance, technically it will be an at fault accident and your premium may go up. You should talk to your insurer.
Why do car insurance companies look at motorcycle accidents when giving you a rate for your car?
Because it is an accident having to do with your driving and lack of ability to do so.
What kind of car insurance will I get if I am a new driver in Texas?
You will need to get a coverage that you can afford but at the same time will pay for the accident, because according to Texas state law, the driver responsible for the accident will have to pay for the accident. Insurance is a must have and you should compare the rates from multiple companies and get the one with better coverage.
Can no fault ins be purchased with a learners permit?
No. In any US state insurance companies are only allowed to sell auto insurances of any kind to licensed drivers. The reasoning for this is because in the event that the person with the learners permit fails their road test(s), then the insurance companies are not held liable in the event of an accident. That is why there is a manidtory requirement that the person with the learner's permit drive with a licensed experienced driver in the car at ALL times, so in the event there is an accident, the insurance company will cover it under the licensed driver's policy.
What happens if you had been in an accident and it was considered 5050 because there was no way to prove who was at fault but you had only comprehensive and collision and no liability insurance?
Both insurance companies will pay for their own, depending on your policy coverage.
Which companies claim to offer cheap car insurance for a young driver?
Most insurance companies shy away from granting insurance to young drivers because there are new drivers and pose the greatest risk of getting into an accident. Because Progressive insurance does quite lot of advertising in regards to being better than the other insurance agents, one can look into getting cheap insurance rates for young drivers from this particular company.
Why do you need insurance if all you have is a permit?
because you can still get into an accident
What is the monthly accident insurance cost for a healthy man that is 31?
Accident insurance is typically very cheap because it restricts coverage to a claim involving death resulting from an accident which has a low statistical probability. Whether or not a man is "healthy" is of no relevance for "accident insurance". There are actuarial tables available that show the chance of death by accident by age and gender. If you are asking about "accident insurance" that will replace your income if you are hurt in an accident, that is typically very cheap as well. I am certain that you can get instant online insurance quotes for "accident insurance" if you use a search engine to seach the phrase "buy accident insurance"
Why do insurance companies ask personal questions?
Insurance companies ask "personal" questions simply because they need to know if your eligible for the insurance or not.
