Insurance.com Finds 5 Things Worse than an Accident for Car Insurance Rates
Accidents are bad for car insurance rates, but adding a teen driver, getting a DUI, and a few other items can cause even more significant rate hikes.
Foster City, CA – September 10, 2019 – Insurance.com, a one-stop destination for unbiased, expert advice on car insurance, released new research on what causes car insurance rates to jump the highest.
Insurance analysts were surprised to find that adding a teen driver, getting multiple speeding tickets or having a poor credit rating can have a greater impact on auto insurance rate increases than being involved in an accident.
According to the research, five things worse than an accident for car insurance rates include:
Average car insurance rate increase
1. Adding a teen driver
3. Reckless driving
4. Bad credit
5. Two speeding tickets
“We find that an accident typically results in a 32% increase in auto insurance premiums,” says Penny Gusner, Insurance.com consumer analyst. “That means the average car owner would pay about $459 more a year for coverage.”
Insurance.com data shows how much more drivers may have to pay after each of the above occurrences. View the complete report: https://www.insurance.com/auto-insurance/bad-credit-teen-dui-worse-than-accident
The study offers actionable advice on minimizing auto insurance rate hikes. Analyst, Penny Gusner, is available to discuss factors that lead to insurance cost increases and how consumers can combat rate hikes.
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Insurance.com is a trusted online resource dedicated to educating consumers on auto, home, health and life insurance, developing relationships directly with carriers to offer consumers comparison rates from multiple companies. Since 2001, Insurance.com’s industry-first online tools, data-based reporting and experienced experts have helped consumers make informed insurance-related decisions, so they can choose the right insurance for their individual needs.
Sr. Director of Public Relations
Liberty Communications for QuinStreet
Rick Judge, 415-429-5652