How much will my insurance go up after a motorcycle or auto accident?

Although regulated by South Carolina law, car insurance is still a private business. This means there’s no set way of knowing exactly how much your auto or motorcycle insurance rates will go up after a motor vehicle accident. However, several factors might influence your car insurance payments following a collision.

The compassionate Conway auto accident attorneys at the Law Offices of L. Morgan Martin, P.A. understand that insurance rate increases are a significant concern for claimants injured in motorcycle crashes, especially when the accidents weren’t their fault. Our dedicated legal advocates might help protect you from significant rate hikes following a serious accident. Call us at (843) 248-3177 or contact our motor vehicle accident lawyers online to schedule a free case consultation.

Factors Influencing South Carolina Motor Vehicle Insurance Rates

Car insurance rates are based on a mathematical formula insurance companies use to calculate the risk associated with insuring your vehicle. Factors considered include state insurance minimums, the type of coverage selected, your driving record, and your vehicle type. The higher the calculated risk, the higher the insurance quote. For this reason, auto insurance rates often go up after a reported accident, but these rate hikes generally depend on the following:

• Accident liability
• Severity of reported injuries
• Number of victims
• Cost of motorcycle or vehicle repairs
• Past driving history
• Accident forgiveness

Driver liability and injuries are the two biggest factors influencing post-accident insurance rate hikes. However, your rate may unfairly increase even if you’re not at fault for the accident. Retaining a car or motorcycle accident attorney immediately following a serious crash might help claimants minimize liability and prevent unmanageable rate hikes.

Determining Liability After a Conway Car or Motorcycle Collision

The best way to protect your car insurance rates from going up following an accident is to contact a lawyer before speaking with any insurance adjuster. Adjusters are quick to assign liability and often make rate hike determinations based on the initial police report. Proving that another driver or party was liable for the crash may reduce the impact of an accident on your insurance rates and help you recover compensation for your losses.

Experienced personal injury lawyers might hire private investigators and accident reconstruction specialists to prove you were not at fault for the crash. A dedicated legal team can also contact witnesses, speak with insurers on your behalf, and challenge liability determinations. Our attorneys might also prevent significant insurance rate increases by obtaining economic and noneconomic compensation for your medical bills, lost wages, pain, and vehicle damage from the negligent driver’s insurance company, not your own.

Connect with a Dedicated Conway Auto and Motorcycle Accident Attorney

At the Law Offices of L. Morgan Martin, P.A., our experienced legal advocates might help prevent your car insurance from going up following a serious motor vehicle accident. Additionally, we might help you recover compensation for your injuries and lost wages, including unavoidable insurance rate hikes, from liable drivers. Schedule your free, no-risk accident consultation today by calling (843) 248-3177 or contacting us online.