When Car Insurance Rate Increases Occur

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In nearly every state, the law requires a driver to maintain auto insurance coverage in the event of an accident. Almost every state requires a driver to carry liability coverage when registering a vehicle. Quotes for liability coverage are often 25/50/20 or another set of numbers. The numbers mean, at a minimum, insurance coverage must provide: 1) $25,000 per person for bodily injury liability 2) $50,000 per accident for total bodily injury liability 3) $20,000 per accident for property damage liability In addition to liability insurance, some lenders may require collision and comprehensive coverage for financing or leasing a vehicle. Drivers should consider having higher liability limits or adding optional coverage like uninsured motorist coverage, personal injury protection, or medical payments coverage. These additional coverages will result in a higher premium but could provide a driver additional protection in the event of an accident.

Adam J. Zayed Archive

​How Much Does Car Insurance Go up After an Accident?

How Much Does Car Insurance Go up After an Accident?