After claiming an accident, does car insurance premium increase?
Accidents do impact the car insurance premiums if you so decide to claim it. The reason is that your accident claim indicates that you are a risky customer. So the more accident claims history, the higher your premium.
You can be charged higher in a number of ways if you are perceived as a risky customer. While some motor insurance companies may just offer you a smaller cover, others may offer you only a few of all the relevant add-on covers. Besides, some insurers may also offer you third party insurance rather than comprehensive car insurance.
However, if you decide against filing a car insurance claim after an accident, you won't have any impact on your renewal premium. But this is possible only in case your car is not up for inspection at the time of renewal.
It must be noted that if t...