How much will my geico auto insurance rates go up after an accident?

If I’ve had a couple of accidents in years past, currently pay about 1,200/year for geico. I just had a very minor fender bender in which I sustained no damage but the other car (a BMW) got 2 scratches on the rear. How much can I expect my insurance rates to go up when this is all reported?

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{ 4 comments }

babyfofo

why is this in beauty

Pandalovee

Why is this in beauty??

Seth

There many variables to consider here making your question difficult to answer. Here are some things to consider:

Were you at fault- If yes:

Will Geico need to pay out more than the threshold (for example $750) for damages to the other person’s vehicle damage- If yes:

You will be surcharged anywhere from 1 to 4 points on your policy for that accident—on top of any existing accidents. Yes, your rates will indeed go up.

Also: If you are a youthful driver (16 to 24) you can expect an even higher increase.
Or: if you have other youthful driver besides you (for example you are parent and have your 16 yr old daughter on the policy) then same thing, a high increase.

All that being said. There are about 20 variables that are considered in your rate if not more. No one will be able to give you a straight answer or amount because there are no cut-and-dry rates. However, once you have reported the claim, ask to speak with the service department- in most cases they can approximate what your next renewal will be WITH the accident.

Good luck and hope this helped 🙂

shery

Ask the gecko and check out this site, if you want to find your best or cheapest auto insurance rates just in few minutes,

http://Cheap-Auto-Insurances.info/

Here you can get free quotes from different auto insurance companies in your area, its the best way to find an affordable auto insurance with a reliable company.

Hope this help!