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
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...
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