Were you recently in an auto collision? After making sure everyone is alright, your next thought might be, “What is this going to cost me?”
When you file a claim with your car insurance provider, you’re asking the company to foot the bill for your medical expenses, car repairs, and other costs associated with the accident. As a result, your monthly premium may increase following the accident.
On average, car insurance rates go up by 48% after getting in a crash. New Jersey drivers face a slightly steeper penalty averaging 59%. The exact amount your insurance company increases your rate depends on these factors:
The penalty period is typically three to five years, coinciding with how long the accident stays on your driving record. Your insurer may decide to extend this period if your accident includes a DUI conviction, serious bodily injury or death, reckless driving, or excessive tickets during the penalty period.
Whatever you do, don’t forgo car insurance to save money. It’s illegal and dangerous. You could also be fined up to $1,000 or have your license suspended if you drive without liability coverage in New Jersey.
Fortunately, there are other ways to lower your insurance costs:
Are you seeking compensation for your injuries after a car crash? Hire an auto accident lawyer in New Jersey to help you get the money you deserve! Contact Gelman Gelman Wiskow & McCarthy LLC at 862-263-0770 today for a free consultation. We would be happy to discuss the circumstances surrounding your car accident and answer any questions you have.