W3Schools

NerdWallet: Forgiveness isn’t free—and it raises your insurance costs

This article is reprinted by permission from NerdWallet.

If you pay extra for accident forgiveness with your car insurance, you might think your premium won’t go up if you cause a crash. But don’t bet on it — it’s not quite that simple.

With accident forgiveness, insurers say they won’t raise your rate solely due to an at-fault accident claim. Some offer it as a free loyalty perk for long-term customers with clean records, while others make it an optional add-on you can purchase to put your mind at ease. In either case, a clean driving record for three to five years is required, so only those who tend not to cause accidents are eligible to pay for the perk.

>>> Original Source <<<

Comentários