Buying Car Insurance After an Accident

Sent to you by soni via Google Reader:

Buying Car Insurance After an Accident

via FIQ Car Blog by Mitch on 11/7/11

 claims car insurance

Although no one expects to be involved in an auto accident, and there is no way to anticipate such a shocking event, the fact remains that car collisions happen all the time, to all types of drivers. Even the most skilled defensive drivers are susceptible to the statistical reality that accidents do happen.
Should disaster strike, there will be a certain amount of fallout for all parties involved, and car insurance is an important issue to consider. When it comes to buying car insurance after an accident, what's the best way to go about it?
Brace yourself for an increase in premiums.
Auto insurance premiums may significantly increase for drivers who are involved in an auto collision, and rates may remain elevated for at least two years following the accident.
Comparison shop.
It pays to do a bit of homework prior to purchasing a policy, especially after an accident, because not all insurance companies and policies are the same. By checking with a variety of insurance carriers, you may find a policy that suits your needs affordably.
Specialty insurance carriers.
When shopping for an appropriate auto insurance policy, post accident, it is prudent to investigate the offerings of insurance carriers who specialize in insuring drivers who have been through an accident.
Specialty insurance carriers of this kind are typically adept at analyzing each individual situation, to help provide a workable solution to meeting the insurance needs of accident victims.
Consider a no-fault policy.
Although it may seem unfair, your insurance premiums may be adversely affected by an accident, even if you are not found to be at fault in the collision. The benefit of carrying a no-fault insurance policy is that an accident victim may not be financially penalized as severely if they are able to prove they were not at fault in the case of an accident.
In this instance, it is vital to take photographs, enlist the help of witnesses, and take plenty of notes, to illustrate to the insurance carrier that you were indeed not at fault.
Moving forward.
After the initial trauma and financial setback of a car crash, doing extensive research on the topic of car insurance is probably not a welcome endeavor. However, it is important to make a wise decision prior to moving forward with a new policy. Time spent comparing and considering your best insurance options will surely pay off in the future.

Things you can do from here:

• Subscribe to FIQ Car Blog using Google Reader
• Get started using Google Reader to easily keep up with all your favorite sites