Posted on February 26, 2010.
How effective the 1st insurance accident rates? My 17 year old brother just got his first accident, no injuries, minimal damage to both cars. I do not know what we pay each month for his insurance ... I think $ 400, but I do not know if that amount seems really wrong, it does not take into account.
I'm worried now about how this will effect the cost. Basically, just a rough guess, do you think it will greatly increase a little, perhaps not at all ...?
It depends on your insurance company, some forgive the first accident.
However, normally, they will pay for the accident and then when the time comes for renewal rates will increase much.
The basic rules of the insurance cost changes are platforms which are as follows:
-When you turn 30, they descend
- When your marriage they descend
- Fewer women then men
This is because they are things in your life that an insurance company considers you more responsible and less likely to take stupid risks.
What you can do is increase your deductible and your rates will drop.
Unfortunately everyone at 17 is considered a bad risk and insurance companies charge rates much higher.
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If it was his fault, he will probably go up a little.
Unfortunately, not even people from his insurance company can tell you how much until they sit down to calculate its renewal. This is not a percentage amount, but a factor in a complex formula that is represented in a large number of other factors.
A month before their current policy expires (the expiration date on ID cards), the company will send notification of the new rate.
The accident his fault? I had my first accident (my fault) when I was 17, my insurance sky exploded, I had to take a dip class, it took 3 years for my insurance to go down and accident coming from my file.
It is a common situation many people have met, calm yourself, and check the resource here
http://www.AutoInsuranceFree.info
I just found useful
You can compare how the insurance quote would change, for example here - autoinsurance.bebto.com
dude its going up! especially for a boy
