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| *Loan,banking and credit>>>accident insurance |
Do insurance companies cancel out your insurance, if you have one accident and your at fault? |
Also, how high can they raise your insurance. I have Kentucky Farm Bureau and I have heard they are the best. An insurance company can cancel your policy at any time for any or no reason by giving you a warning and time (the amount of time depending on the rules for that company) to get other insurance in place. Likewise they can raise your rates for cause, or just because the cost of living went up or they had a bad year. Will they? Maybe, but not likely if you had just one accident on an otherwise clean record. No, they dont usually cancel your policy but your rates will go up if you are at fault. And if you have more than one they can cancel you or require you to carry high risk policy. No, they can not cancel you for an accident. Yes they will raise your rates.....how much depends on the violation. Most of the time No, if your record is otherwise clean. Now they can increase your premium by as much as 40%. Be careful the next few years to avoid any ticket! Most wrecks come off your insurance in five years. You may be able to lower your premium by raising your deductible and taking a driver safety course. Good luck My insurance will not. As far as your rates going up and they will more then likely go up. Because it was your fault. It is hard to say. How much damage was done to your and there car, the auto body shop it is taken to. Best bet is for you to call your local agent and i am sure they can tell you. They cant cancell your insurance but probably they raise your car insurance premium because of that accidents.You can try to visit this cheap car insurnance site http://www.nightbirdssolutions.com... for some car insurance company that offering a much cheaper car insurance rate. |
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