When investing in car insurance, agencies evaluate various factors to determine your risk level. Your past driving history, including accidents, can impact the availability, type, and cost of coverage. If you’ve been involved in a car accident, you may wonder how long it will continue to affect your insurance rates and options.
At Laine Insurance, we work with drivers in Colorado to find car insurance that provides the best possible protection tailored to their specific needs. Schedule a conversation with us to gain insight into how your accident history impacts your coverage.
Expect an Impact for Several Years
Each insurance company sets its own terms and conditions regarding risk factors that influence rates and coverage availability. Typically, a serious accident in which you are at fault can affect your insurance rates for 3 to 5 years. During this time, your premiums may be higher due to the increased risk you present.
Certain types of accidents can have a longer-lasting impact. For example, incidents involving a DUI or accidents resulting in fatalities due to negligence may affect your rates for much longer—sometimes permanently.
It’s essential to note that not all insurers handle accident history in the same manner. Just because one company imposes strict limitations or higher rates doesn’t mean others will follow suit. As an independent insurance provider, we can help you explore options and find coverage that best suits your situation.
Get a Quote for Coverage That Fits
At Laine Insurance, we specialize in helping drivers in Colorado obtain car insurance that meets their specific needs while keeping costs in mind. Contact us today to discuss your options and receive a customized quote for coverage tailored to your specific needs.