How much money does car insurance go up per year after an accident that is your own fault?

February 17, 2017 · Posted in FAQ 
car insurance
Lauren B asked:

My wife and I just had an accident in a parking lot in which we backed into another car that had almost completely backed out already. No one was hurt, but the damage caused by our car is between $1,000 and $1,500. We will not have the damage to our car repaired. This accident is our fault; however, both of us have had a completely perfect driving record up until now. We just want to know how much this accident is going to make our insurance go up.

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5 Responses to “How much money does car insurance go up per year after an accident that is your own fault?”

  1. clncarplz on March 31st, 2009 7:59 am

    If it only doubles you will be lucky.

  2. Doug on March 31st, 2009 10:28 pm

    Unfortunately each insurance company has different policies about prices after accidents. Call your agent, their number should be on your insurance card, and ask. It can’t hurt to ask.

  3. Orval J on April 2nd, 2009 10:11 am

    For car insurance the most efficient way to get a low quote is do a rate comparison on auto policies. Make certain that you compare similar options with the same deductibles, auto make, location, etc so that all options are an accurate comparison.

    What I always recommend is an internet comparison quote at since they have lots of insurers and will give multiple quotes on car insurance polices.

  4. THOMAS W on April 4th, 2009 11:09 am

    I have met similiar kind of problem before, here is the resource that I feel helpful..

  5. Christina B on April 7th, 2009 7:07 pm

    Every insurance company differs in their policies. This is a question for your car insurance agent. A couple years ago I cut through traffic to enter a parking lot and a guy clipped my rear right bumper. The accident was determined to be my fault but my insurance company (State Farm) did not raise the cost of my insurance.

    I’ve found some good information here too…

    Best of luck to you.

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