How much will my insurance go up after an accident?

Question

Ballpark estimate.

My rates right now are about 2000 a year... I just totaled a car. My fault, speeding wasn't a factor... just bad luck/inexperience.

I'm 18 and have no prior accidents or points on my liscence.

Answer 1

depends on your coverage and company, but count on a LOT, few dozen dollars a month maybe.

Answer 2

You will have to discuss this with your insurance agent.  My guess is unfortunately, yes.  You might want to see what other ways you might be able to reduce your rate, good student discount, lowering your deductible, or if you go a certain amount of time without an accident if you can qualify for a lower rate.  Depending on what the type of new car you get, also can change your rate.  A safer car, may also mean a better rate.  Also, don't be afraid to shop around, not all companies are the same.

Answer 3

at least 25%.

Answer 4

Most likely you will receive a 10% surcharge on your insurance.  This will stay on your insurance for 2 to 3 years, when it will drop off again if you stay accident-free.