Why Does Rates For SR22 Insurance California Increase After An Accident?
Updated: Sep 9, 2020
Your Rate Keep Going Up For Your SR22 Insurance California Policy Filing Huh?
April 6, 2020
Getting into a car accident in California is a traumatizing experience. Not only does it put a damper on your entire day, but it can cause a huge delay in the traffic around you — especially if it happens on a busy interstate like the 405. Unfortunately, a disrupted day isn’t the only consequence of getting into a car accident. It is just the beginning of a ripple effect of dealing with the financial burden of fixing or replacing your vehicle, renting a vehicle, and speaking to an insurance agent multiple times.
And then, just when you may think the chaos is over and the storm has settled, you get a letter in the mail from your insurance company that your rates have increased. This can be especially frustrating, especially after dealing with the ramifications of your accident. In today’s blog from SR22 Savings in California, we’ll help you understand why your rates increased, and why you most likely are now classified as a high-risk driver.
Accident Severity When you’re involved in an accident in California that was your fault, your insurance rate is almost guaranteed to increase dramatically. The only reason that it may not increase would be the severity of the accident itself. If the damage is under a certain dollar amount, you may not see a change in your rates. SR22 Insurance California.
However, if it is a more expensive accident and you are at-fault, your driving classification will likely change to high-risk, thus increasing the rate of your auto insurance. High-risk drivers pay a higher insurance rate because of their driving history and the fact that they have a higher risk of getting into an accident while on the road.
High-Risk Classification An accident isn’t the only thing that may qualify you as a high-risk driver. Too many tickets, a DUI, or missed payments on your insurance policy may cause insurers to see you as a riskier driver. You may also be considered high-risk if you cannot provide proof of at least six months of continuous insurance coverage. No matter the reason, if you are considered a high-risk driver or if your classification changes after an accident, your insurance rate will probably increase.
SR22 Insurance California Cost After an accident, your new increased insurance rate may be difficult to afford. In some cases, your monthly payment may even increase by almost double. When this happens, it may be time to explore different insurance options so that you can find something more affordable.
It is possible to remove your high-risk classification, but it takes at least a few years of having an exceptional driving record after an accident. If you’re interested in shopping insurance agencies to try and find a more affordable insurance option, the team at SR22 Savings in California can help.
Call SR22 Savings After An Accident To Find More Affordable Coverage The qualified insurance agents at SR22 Savings California have the experience and knowledge to help you find an affordable insurance policy after an accident, DUI, or other traffic violations. The best part? You can get started from the comfort of your home. Just call, text, or email us today and we’ll start shopping insurance companies for you to find the best rate.
If you’ve recently acquired a DUI in California or the surrounding areas, we can also help you get the SR-22 insurance coverage that you need. Don’t let your increased auto insurance policy ruin your day. Call for SR22 insurance Savings in California today to find affordable coverage that’s best for you.