Everything you need to know about accident forgiveness
Accident forgiveness can help keep your auto insurance rate low after your first at-fault collision. However, there are certain eligibility requirements and limitations to the endorsement.
If you’ve been careful behind the wheel, then you don’t want your first at-fault accident to raise your auto insurance premium.
The accident forgiveness endorsement was created to avoid exactly just that.
Typically, when someone gets into a car accident for which they are determined to be at fault, their auto insurance rate goes up whenever they renew or purchase a new policy.
About the author
Leah Golob is a freelance journalist, content marketing writer and editor based in Toronto. She’s written extensively on the financial industry for trade and consumer publications, such as The Globe and Mail, Corporate Knights, Investment Executive and more. Learn more about her work at LeahGolob.com.