Jessica Sautter is a Content Writer for CarInsuranceCompanies.com with a Bachelor’s Degree from Eastern Michigan University in Elementary Education with a Major in Reading and a Minor in Mathematics.

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Chris Harrigan has an economic degree from Limestone College and an MBA from Clemson University. He previously managed auto insurance claims for Enterprise Rent-A-Car. Currently, he is using his business and insurance expertise to provide insurance data analysis and visualizations to enhance the user experience.

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Reviewed by Chris Harrigan
Former Auto Insurance Claims Manager

UPDATED: Sep 20, 2021

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Key Takeaways

  • Accidents only stay on your driving record for three to five years
  • Car insurance companies should stop charging higher rates for an accident after it is removed from your driving record
  • An accident can increase your rates by about $80 a month

Car insurance companies pay close attention to your driving record and charge you higher rates when an accident shows up.

Finding auto insurance companies that give you a break five years after an accident isn’t that hard since that’s usually the longest an accident will stay on your record.

Shopping around will help you find the cheapest car insurance after you’ve had an accident. Compare rates from multiple companies to find your cheapest coverage.

Keep reading to learn about car insurance companies that give you a break five years after an accident. Enter your ZIP code now to compare free quotes from car insurance companies near you today.

What car insurance companies stop charging higher rates five years after an accident?

It’s no surprise that your driving record affects your car insurance rates. Car accidents will raise your rates for as long as they are listed on your driving record.

How much does car insurance go up after a minor accident? Each insurance company will weigh accidents differently and offer different rates.

Rates from car insurance companies that give you a break five years after an accident will vary based on your personal factors.

This table shows you the average cost of auto insurance from top companies after one accident.

Average Annual Car Insurance Rates for One Accident
CompanyAverage Annual Rates with 1 Accident
Allstate$4,987.68
American Family$3,722.75
Farmers$4,518.73
GEICO$3,192.77
Liberty Mutual$6,204.78
Nationwide$3,396.95
Progressive$4,777.04
State Farm$3,396.01
Travelers$4,289.74
USAA$2,516.24
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USAA and GEICO offer the cheapest car insurance rates after an accident, but rates will go up around $80 a month on average.

Drivers who have multiple accidents will see much higher rates and could be listed as high-risk drivers.

So, how long does a car accident stay on your insurance record? Typically, an accident will stay on your driving record for three to five years depending on what state you live in.

Do you have to report an accident to your insurance company? Generally, it’s a good idea to let your car insurance company know what’s going on.

According to the Insurance Information Institute, failing to report your accident can result in your car insurance company refusing to honor your policy.

Should you switch car insurance companies after an accident?

Switching car insurance after an accident isn’t a bad thing. Although you must be up front with a new company about your driving history, you may be able to find cheaper rates from another company.

If you do decide to switch auto insurance companies after an accident, make sure your new policy is in place before you cancel your old policy.

If you allow your coverage to lapse while switching, you can be charged fines and higher insurance rates.

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How can drivers with an accident on their driving record save money on car insurance?

A car accident doesn’t have to mean you will be paying extremely high insurance rates. There are ways to save even with a bad driving record.

Consider taking a defensive driver course. Not only will you learn useful tips to help you avoid another accident, but you may also get a defensive driver car insurance discount.

Also, ask for any other discounts you may be eligible for, such as multi-policy or good student discounts.

Carefully consider your car insurance coverage and the type of policy you have. Drivers can save money by lowering coverage amounts, but they will have to pay more out of pocket if they cause another accident.

Drivers who don’t drive very far can consider switching to usage-based insurance to save money. Although the company will still look at your driving record, rates are usually cheaper since you are charged per mile you drive.

Car Insurance Companies That Give You a Break Five Years After an Accident: The Bottom Line

Car insurance companies that don’t give you a break five years after an accident don’t exist. Although your insurance company will charge you a higher rate after an accident, at some point they stop penalizing you.

Compare quotes from car insurance companies that give you a break five years after an accident to see which one can offer you the lowest rates for the coverage you want.

Now that you know about car insurance companies that give you a break five years after an accident, enter your ZIP code to receive quotes from companies in your area for free.