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State Farm insurance rates go up by an average of 59% after an accident. Even though an accident will cause State Farm to raise your car insurance premium when you renew your policy, the added cost will only be temporary. An accident will usually affect your State Farm premium for just 3-5 years.
The exact amount that State Farm premiums go up after an accident depends on a few factors, including who was at fault, how much damage was caused, the policyholder’s driving and claims history. In general, at-fault accidents or severe accidents that lead to expensive insurance claims increase rates more than minor or not-at-fault wrecks. Additionally, premiums increase more for drivers who have had previous accidents or moving violations.
If you want to learn more, you can check review of State Farm car insurance, as well as our guide to how much insurance goes up after an accident.
People also ask
Does State Farm have accident forgiveness?
No, State Farm does not have accident forgiveness. As a result, State Farm car insurance customers should expect their rates to go up by around 56% after an at-fault accident, even if it's their first one. If you are looking for a policy with accident forgiveness, it can be purchased from most major car insurance companies.
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... read full answer by Candace Baker, Car Insurance WriterWhy did my State Farm rate go up?
Your State Farm rate could have gone up for many reasons, such as a recent claim or a new driver being added to the policy. Other factors that could cause State Farm to raise your rate include getting into an accident, being convicted of a moving violation, and adding coverage to your policy. State Farm may also raise your premiums for reasons that are beyond your control, such as recent natural disasters, increasing repair and...
read full answer by Candace Baker, Car Insurance WriterWhy is State Farm so cheap?
State Farm is so cheap because the company has more customers than any other provider, and their large market share allows them to keep their prices competitive. A minimum coverage policy from State Farm costs an average of $86 per month, and State Farm premiums can be made even cheaper by taking advantage of discounts such as passive restraint discount and anti-theft discount. Plus, State Farm rewards customer loyalty with discounts for insuring more than...
read full answer by McKayla Girardin, Car Insurance WriterDid we answer your question?
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