Auto Insurance Cheap Auto Insurance Auto Insurance Company Auto Insurance Policy Auto Insurance Quote Auto Insurance Rates Auto Insurance FAQ Auto Insurance Regions

Kentucky Auto Insurance and Accident Forgiveness

 

Accident forgiveness is on the minds of virtually everyone searching for quality Kentucky auto insurance. It has been promoted and hyped by many auto insurance companies over the past few years, but hardly ever fully explained. If you are looking for an overview of the ins and outs of accident forgiveness, then take a few minutes to read through this article.

 

What is Kentucky Auto Insurance Accident Forgiveness

Accident forgiveness is designed to protect your auto insurance rating if you are involved in an accident even if the accident is your fault. Most companies use a star rating system and if you are involved in an accident you will lose stars. If you are at the highest rating of 6 stars, you could potentially drop all the way down to 1 or zero stars, which will significantly increase your Kentucky auto insurance premiums. Accident forgiveness prevents this from happening.   

 

Who is Eligible for Kentucky Auto Insurance Accident Forgiveness

Most Kentucky auto insurance companies will require you to have a clean driving record. This will generally mean no accidents that were your fault as well as no moving violations. This will vary from company to company as to the level of this requirement. You should ask your Kentucky auto insurance agent the exact requirements so you completely understand what you are purchasing.

 

Types of Kentucky Auto Insurance Accident Forgiveness

There are different types of accident forgiveness as each Kentucky auto insurance company will have different guidelines. You will usually find the following general types of accident forgiveness options:

 

• Partial Accident Forgiveness: This type of accident forgiveness will keep your star rating from dropping down to a zero or 1. You will lose a position or two on your Kentucky auto insurance rating chart, but not as much as without accident forgiveness.

• Total Accident Forgiveness: Your Kentucky auto insurance company will not drop you down at all on their specific rating chart, thus your auto insurance premiums will not increase because of a ratings drop.

• Total Accident Forgiveness and Protection of Discounts: In addition to protecting your rating, this type of accident forgiveness policy will protect other good driving discounts that you may have. The standard total forgiveness coverage will not protect these discounts and so you could possibly see an increase in premiums by losing some discounts that you already have.

 

A particular Kentucky auto insurance company may offer all of these types or only one. They may also have specific guidelines and ways of determining whether an accident is forgiven or not that are different from other companies.

 

Purchasing Kentucky Auto Insurance Accident Forgiveness

You can purchase accident forgiveness in two basic ways. It can be built in to your auto insurance coverage package and your Kentucky auto insurance company will determine, after the accident, if it will be forgiven or not. This leaves much up to the discretion of the auto insurance company and if you have had recent tickets or claims against the company, the accident is likely not to be forgiven.

You can also add it as an endorsement to your existing Kentucky auto insurance policy. This may add a little to your premiums, but, in most cases, you will be better protected with more certainty that the accident will be forgiven.

 

Shop Around for Kentucky Auto Insurance Accident Forgiveness

If you are shopping around for Kentucky auto insurance, accident forgiveness should be an important factor to consider. If your current Kentucky auto insurance provider does not offer accident forgiveness, maybe another company will. Many companies are now willing to offer accident forgiveness to new customers on accidents that occurred even before you purchased their policy

Also, if you have recently had an accident that was not forgiven by your auto insurance company, you may be able to have it forgiven by another Kentucky auto insurance company. This can go both ways, however; if you are looking to switch Kentucky auto insurance companies, the new company may not overlook a previous wreck. Just because one company forgives the accident, does not mean another will and you could end up paying much higher Kentucky auto insurance premiums.

 

 

 

Louisiana Auto Insurance