WalletHub, Financial Company
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.
To learn more, check out WalletHub's complete review of State Farm car insurance, as well as our guide to how much insurance goes up after an accident.
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