Reader’s Question:

I was in an accident an was at fault, will my insurance carrier increase my insurance premium rate only when I renew my insurance policy in Sioux City Iowa?

Brad

Sioux City. IA

Generally car insurance rates are not changed mid-term but instead when it is time to renew your insurance policy.

An increase in car insurance rates due to being in an accident can also depend on the severity and nature of the accident and who is found to be at fault.

There could be a dramatic rise in your car insurance rates if you get involve in an accident and you were found at fault or even a cancellation of your insurance coverage, subject to state law.

To verify when your insurance premium rate could rise and by how much in Sioux City, IA after being involved in an accident, speak with your current insurance company for an explanation of their rating system. In addition, insurance carriers must file their car insurance rates with the state’s insurance regulator if you instead would like to contact them for details on your carrier’s rating system and find out about your state’s insurance laws.

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