Amy Lomax: How Will My Car Accident Affect My Insurance Rates?

It's about as exciting as doing your tax returns.

It's boring, stressful, but completely necessary.

What am I talking about? Picking out your car insurance.

If you have a car and a drivers license, you absolutely must have car insurance.

Driving without insurance is irresponsible, and can affect your life and anyone you come into contact with on the road.

The best case scenario for you and everyone else on the road is that you'll have insurance but never have to use it.

However, when if the time comes when you need to use it, you can't be afraid to use it.

When we shop around for insurance, we usually go with the company that offers us the lowest rates.

There's no problem with that; you need to know what you're paying for.

When we get into accidents, one of our first thoughts, once the dust settles is, "how much will this raise my insurance?"

Sometimes the raise will be significant. Other times it won't raise it at all.

Let's take a more in-depth look at exactly how much a car accident could raise your insurance.

Amy Lomax