Do you have to stay with your current carrier after an accident to take full advantage of Accident Forgiveness?
Once you add Accident Forgiveness to your policy, it would be ideal if you never have to use it. It’s important to mention that even if you do get in a car accident for which you are at-fault, you are never obligated to trigger your Accident Forgiveness benefits. Most of the time, though, it will save you a bundle of money to do so since activating this endorsement means you could avoid the accident surcharges your carrier would typically add to your insurance premium at renewal time.
If you do decide to take advantage of your forgiveness endorsement after an accident, it’s essential to know that this option will likely not be available to you again for the next six years. And, at that point, only if you have kept a clean driving record over that timeframe. This detail means that if you or any other eligible drivers listed on your policy get in another at-fault car accident, then you will not be able to use Accident Forgiveness to avert getting dinged at renewal time.
You might be thinking you can outsmart the system by switching to a different insurance provider after an accident, but this would probably backfire on you. The fact is that your at-fault accident was still reported to the registry of motor vehicles and will be listed on your driving record for the next six years for any new provider to see. You probably know what that means – your premium could be much higher than what you had previously, and you won’t be eligible for Accident Forgiveness. As you can see, many benefits come with loyalty to your current carrier, including enjoying all the benefits of Accident Forgiveness.