Insurance Rates

I just had an accident deemed at-fault for me, probably 100%. I live in Toronto, Ontario. I've had a perfect driving record previously and no claims, and it's my understanding that I have accident forgiveness for this first accident. Unlikely, but I've got a few questions if other accidents were the happen. Do adjusters take into consideration the length of time between accidents (for example, if two at fault accidents were five years apart, is this treated the same as if there were two at fault accidents in the same month in terms of what you'd end up paying?) Also, if rates increase because of an accident, do they gradually drop each year after an accident or stay the same for six years?


Thank you very much for your response!

Insurance Rates After An Accident


Hi there,
Both of your assumptions are correct. The further apart, the less impact they have. And the older the claim is, the less impact it has.

One note about Accident Forgiveness coverage. If you have another accident in 6 years (or ten with some carriers), your rates will be affected by BOTH accidents. Hope that makes sense.

Oh, and don't change carriers for awhile, the forgiveness only applies with your current carrier...

Please be sure to discuss this further with a licensed insurance representative.

FREE Auto Insurance Quotes


Other Pages of Interest
car insurance in Ontario Canada
Car Insurance Canada
Car Insurance Quote Canada
Auto Insurance Questions

Or Ask another question at Ontario Auto Insurance Questions and Answers

Note: Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind. This insurance information is general in nature and the policy wordings always take precedence. It is possible that there are errors and omissions in this website and www.canada-insurance-source.com, or its authors, take no responsibility. Make sure you review the "please read" page.

www.canada-insurance-source.com

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Your Ontario Auto Insurance Questions.

Note: Always speak with a licensed insurance professional about your specific situation. This insurance information is general in nature and the policy wordings always take precedence. It is possible that there are errors and omissions in this website and www.canada-insurance-source.com, or its authors, take no responsibility.

Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind.  Make sure you review the "please read" page. Always speak with a licensed insurance professional about your specific situation.

Always speak with a licensed insurance representative about your specific situation.

This site is general in nature and there may be errors or ommissions

Please Read

Compare insurance quotes through Kanetix.ca - save time and money!