Best Cheap Car Insurance Company That Gives You a Break Five Years After an Accident (2021)
Finding car insurance companies that give you a break five years after an accident is easy since most companies stop charging you for an accident long before that. However, one accident can raise your car insurance rates by about $80 a month. In most states, accidents are removed from your driving record in three to five years. Auto insurance companies that give you a break five years after an accident should stop charging you when the accident is removed.
Compare Car Insurance Companies
Secured with SHA-256 Encryption
UPDATED: Sep 20, 2021
It’s all about you. We want to help you make the right car insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our car insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different car insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
- 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.
|Company||Average Annual Rates with 1 Accident|
Get Your Rates Quote Now
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.
Compare quotes from the top car insurance companies and save
Secured with SHA-256 Encryption
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.