Following a car accident, your auto insurance rates might increase, even if you are not at fault. The specific increase will depend on your insurance company and the details of the accident. If you are responsible for the accident, your rates will almost certainly go up. Please continue reading as we explore the factors that can impact your insurance rates and how a skilled Car Accident Lawyer in Queens can help you navigate the complexities of insurance claims.
Is New York a No-Fault State?
New York is a no-fault insurance state. This means that after a car accident, insured motorists are generally reimbursed by their own insurance company for medical costs and other losses, regardless of who caused the collision. However, property damage claims are still based on fault. Therefore, it’s crucial to understand that car insurance providers have specific fault assessment methods to determine which driver was at fault and which insurance company is responsible for compensation.
Although New York is a no-fault state, you can still pursue a third-party claim if your injuries meet the definition of a “serious injury,” which includes death, dismemberment, significant disfigurement, a fracture, loss of a fetus, or permanent loss of use of a body organ, member, function, or system. It’s important to understand when you meet this threshold and how your state determines fault after a collision as it affects the type of insurance you are required to carry and the outcome of any insurance claims.
In the unfortunate event that you cause an accident, your insurance costs will increase. However, even if you weren’t at fault, you could still face higher rates due to your risk profile. According to the Consumer Federation of America, drivers involved in no-fault accidents typically see a premium increase of 10%.
Can My Car Insurance Rates Go Up If the Accident Wasn’t My Fault?
When you are seeking auto insurance, it’s important to understand that insurance companies evaluate risk when setting premiums. As such, if you are involved in an accident, even if not at fault, can indicate a higher likelihood of future incidents. Filing multiple claims can signal a higher risk profile, which can potentially lead to rate increases. Essentially, your driving record and claims history can influence your auto insurance rates in New York.
Auto insurance rates typically remain unaffected after a no-fault accident. However, you should note that there may be exceptions depending on the specific circumstances and the insurance company’s policies. For example, if the accident resulted in significant property damage or serious injuries, it could lead to a rate increase, even in a no-fault state. While a single no-fault accident likely won’t drastically impact your insurance rates, it’s always advisable to check with your insurance provider to confirm the specific policies and understand any potential implications.
Even if you were not at fault for an accident, it’s highly recommended that you contact your insurance company and report the accident. This will help you understand how it could affect your auto insurance premiums. At The Law Offices of George Poulos, we are prepared to help you understand your options. Connect with our firm today to discuss your situation with an experienced member of our legal team.
