Motor accidents can stay on your record for between three and five years and affect your auto insurance rates as a result. While it’s easy to assume or suspect, checking the official records is the only way to know if your vehicle is still affected in this way.
But is it possible this period to be less than three or five years?
The short answer is yes, but every situation is different. In this article, we look at the question how long does an accident affect your auto insurance rates?
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This essentially means, you might downplay the significance of an accident and it’s also possible to forget about an incident when everything is done and dusted. However, after an insurance claim is settled and all necessary repairs are carried out, a car accident remains on the record and insurance companies check these records.
To put this another way, there’s really no way to avoid the facts - insurance rates are often dictated by your record and car accidents remain on this record for a set period.
More than 200,000 car accidents are recorded in Florida every year. This means that 500 accidents happen every day and just as many people are probably wondering the same thing” How long will this accident remain on the record?”.
The length of time depends on different factors such as the seriousness of the violation, where you live or whether you were at fault for the accident.
Florida is a no-fault state which means that, in the event of an accident, your insurance premium should not be affected unless you were at fault and the insurance company was required to pay for damage related to a third party.
And that’s just part of the story...
Each insurance company has a different point system which dictates the extent of a vehicle insurance premium. Therefore people “shop around” for insurance policies and don’t expect any leniency just for staying with the same insurance company for several years - because insurance companies don’t care too much for loyalty!
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Believe it or not, private investigators are often contracted by attorneys to investigate individuals and find out how many accidents in which a defendant has been involved. Now, that’s not to say you need to worry about this but rather to illustrate the transparency of vehicle records and how car accidents are always on the record.
As you can see, there’s no way to avoid certain things in life and this is one of them because accidents can (and do) affect your auto insurance rates. While the length of this record depends on certain factors, this period is most often between three and five years but the only way to know for sure is to check the official records.