Car Accidents can inflate car insurance price

It has been revealed that car drivers who have an at-fault car accident could result in having their car insurance premiums hiked up by more than 60%.

This statistic was taken from a website which showed 10 million quotes from users, looking at the effects of having made an at-fault claim on their car insurance.

The study also found some surprising results. For example, the research found that bus conductors and GPs were the professionals that were most likely to have a road accident, but less than 1.5% of driving examiners were to blame for an accident.

In contrast to this, au pairs and magistrates were the least likely professions to be involved in a collision, thus they presented a low risk.

Peter Gerrard, head of insurance research stated: “When an insurer risk assesses a driver, any history of accidents will no doubt mean motorists pay more.”

Car Insurance Source

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Car insurance coverage can lessen the financial impacts of car accidents, but drivers should still not be too complacent on the road because their car accident history can inflate the price of car insurance.