Car insurance rates can increase after an accident

Car insurance

An accident you cause might lead to a jump in your car insurance rates. Even a fender-bender in the mall lot could bring a small hike if you're at fault, although some insurers do forgive these minor mishaps, especially if you have a good driving record. Motorists can also expect higher premiums, sometimes much higher for repeat offenses Car insurance, if they're ticketed for speeding or reckless driving.
Health insurance
If you hit someone else's car and damage it while doing holiday errands, the driver can file a claim under your property damage liability, says Penny Gunner, consumer analyst for CarInsurance.com. If your car is damaged, you must have collision coverage to file a claim - but only if the cost to fix the damage exceeds your deductible amount. If it's lower, then you'll need to pay out-of-pocket for the repairs.

Car insurance

If your car gets hit, and the other driver is insured, you can make a third-party claim against the individual's property damage liability coverage. If the insurance company finds its driver at fault, it should pay for your vehicle's repairs, says Gunner Car insurance.
Health insurance
If the other driver's insurer denies your claim for some reason, or the other car is uninsured, you must have collision coverage to make a first-party claim with your own car insurance company for your vehicle's damage. You will have to pay the collision deductible, but if your car insurance company finds the other party at fault, it might pursue that individual for payment and may be able to recoup your deductible in the process, says Gunner Car insurance.
Health insurance