"Accident forgiveness" means that if you have a car accident, your insurance company won't increase your rates or penalize you for it. They will "forgive" the accident and not hold it against you financially.
Full definition
Some insurance companies
offer accident forgiveness for free, as long as you've carried an accident - free policy with them for a set number of years.
You can get a quote
for accident forgiveness policy over phone, online, or in a branch, depending on which is more suitable for you.
These days, many major car insurance companies are now offering
accident forgiveness programs that will allow you to avoid premium maker increases with your first accident which is deemed to be your fault.
If your budget can afford it, add - ons such
as accident forgiveness and new car replacement provide driving peace of mind.
There are some companies that will immediately provide you
with accident forgiveness while other companies will require that you be an accident free policy holder for 3 or even 5 years.
They offer innovative tools to make managing your policy easier and a ton of extra benefits
like accident forgiveness and deductible rewards.
If you have a clean driving record with no accident history, you can likely choose
purchase accident forgiveness coverage as an extra endorsement on your personal auto policy.
Although you're protected from high insurance premiums after your first accident,
accident forgiveness doesn't help you maintain a clean driving record.
While talking to an insurance professional
about accident forgiveness, why not ask about any other programs or discounts that may save you money on your auto insurance premium?
Because of this, it often makes sense for many people to pay the extra few bucks to
get accident forgiveness added to your policy.
Once you qualify for
first accident forgiveness, if you are involved in an accident, that first accident will be forgiven and your premium will not increase as a result.
What accident forgiveness means is that if you are determined to be at fault in an accident, your rates will not be affected as much as if you did not have this coverage.
As previously mentioned, having a clean driving record could make you eligible to receive
free accident forgiveness, which would save you money after an at - fault accident.
In many cases,
without accident forgiveness, drivers lose some or all of their applicable discounts because without a «good» record of driving, they do not qualify any longer.
If you're a safe driver, you could benefit
from accident forgiveness as this feature helps you keep your insurance rate low after your first accident.
Some companies automatically offer
accident forgiveness while others allow you to purchase it as an endorsement to your auto policy.
Some insurance companies also
write accident forgiveness clauses into their policies for consumers who've never been in an auto accident.
Although accident forgiveness is offered to safe drivers, you may be charged a slightly higher monthly rate than the rate offered to you on a value package.
An accident will often result in a moderate to large increase in your premium
so accident forgiveness offers real savings.
By protecting your standing on the «star rating» system,
accident forgiveness results in a break on your auto insurance premium after a claim that you would otherwise have to pay.
If you are involved in an at - fault accident,
accident forgiveness protects your driving record from falling so you don't pay higher premiums (or marginally higher with some insurers).
Major insurers also apply their own loyalty programs, which give «
accident forgiveness awards,» based on how long you've been with the company and your good driving and payment record.
High - risk drivers will typically not have
accident forgiveness available to them, as the coverage is usually reserved for those who are rated as good drivers.
The best way to get around a car insurance increase after an at - fault accident is to purchase
accident forgiveness ahead of time.
Phrases with «accident forgiveness»