Car accident insurance is supposed to protect drivers financially and help victims when a crash takes place, but a recent study shows that even one wreck can end up costing a driver for years to come. Drivers in Nashville who make one auto-insurance claim may have their rates raised by up to 39%.
The Results Of One Claim
The study involving insuranceQuotes.com calculated how much insurance rates in Tennessee and every other state would rise when making a first time claim of $2,000. The hypothetical woman making the claim was a 45-year-old with no lapse in coverage and an excellent credit score. When averaging the increase for bodily injury, property damage and comprehensive claims, the study found that Tennessee drivers typically face an increase of 30-39.9% on annual premiums. This could increase one’s auto-insurance payments by hundreds of dollars per year for around 3-5 years, but high rates will last longer if one gets into another accident.
Injured In A Car Accident
If you are the victim of a car accident, you usually will not see a raise in rates. The responsible driver’s insurance normally covers a claim, but there might be instances when a victim needs a claim covered through his or her own insurance company. For example, you might seek compensation from your insurance company after suffering injuries in an accident where the other driver did not have insurance. Unfortunately, insurance companies usually try to protect their best interests and make a profit, which can lead to a situation like this where a victim might have to pay more even when not guilty of any wrongdoing.
After The Accident
You can seek compensation from a driver whose actions led to a crash when suffering injuries or property damage, but it may not be easy to receive the amount you are entitled to even if a driver does have insurance. Some personal injury claims go to trial, and a plaintiff or a plaintiff’s attorney must show that another driver’s negligent behavior was responsible for one’s injuries. Nashville car accident lawyers can collect evidence and help you win the compensation you deserve whether settling or going to trial.
For the best results, contact us before trying to deal with insurance companies on your own.