If I Hit A Pole Will My Insurance Go Up

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Post on Nov 09, 2024

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Will Hitting a Pole Raise Your Car Insurance?

Hitting a pole can be a stressful experience, leaving you with a damaged car and the worry of how it might affect your insurance. The short answer is, yes, it's likely that your car insurance premium will increase after an accident, even if you hit a pole.

Here's why:

Why Insurance Premiums Increase After Accidents

• Increased risk: Insurance companies assess your risk based on your driving history. An accident, even if it's just hitting a pole, signals to them that you are more likely to have another accident in the future.
• Claims history: Each claim you file, regardless of fault, is recorded on your insurance history. Multiple claims can lead to higher premiums.
• Cost of repairs: If your car sustained damage, the cost of repairs will be factored into your premium.

Factors That Impact Your Premium Increase

• Severity of the accident: A minor fender bender will generally result in a smaller premium increase than a serious accident with significant damage.
• Your insurance company: Each insurance company has its own pricing structure and factors that they consider.
• Your driving history: If you have a clean driving record, the increase may be smaller than if you have had previous accidents or violations.
• Your coverage: The type of coverage you have, such as comprehensive or collision, will also affect the premium increase.

What You Can Do

• Be transparent with your insurer: Don't try to hide the accident. Be honest with your insurance company about the incident and the extent of the damage.
• Shop around for new insurance: Once your policy renews, consider comparing quotes from other insurance companies. You may find a better rate with a different provider.
• Maintain a clean driving record: The best way to keep your premiums low is to drive safely and avoid accidents and violations.

Can You Avoid a Premium Increase?

Unfortunately, it's very difficult to completely avoid a premium increase after an accident. However, you can take steps to minimize the impact:

• File a claim only if necessary: If the damage is minor and you can afford to repair it yourself, consider doing so. Filing a claim could impact your future rates.
• Consider a "no fault" policy: Some insurance policies offer "no fault" coverage, which means you can choose to pay for repairs yourself and avoid a claim.
• Take a defensive driving course: A defensive driving course can demonstrate your commitment to safe driving practices and may reduce your insurance premiums.

Key Takeaway

While hitting a pole can raise your insurance premiums, the increase will depend on several factors. By being upfront with your insurer and maintaining a clean driving record, you can help minimize the impact. Remember, the best way to avoid a premium increase is to drive safely and prevent accidents altogether.