Accident Forgiveness

THINK Insurance & Financial Services in Pomona, CA is an independent agency that offers automobile insurance advice to meet the needs of its customers.  The standard auto insurance policy includes such types of coverage:  liability, damage to property, collision, comprehensive, Personal Injury Protection which pays for medical, rehabilitation work loss, funeral costs and replacement services and uninsured/underinsured motorist coverage.

One facet of automobile insurance is “accident forgiveness”.  "Accident forgiveness" is a cost-effective device to entice the driving public to purchase an automobile policy.  Other than the true savings on the cost of automobile insurance accident forgiveness most attractive features are the prevention of an insurance premium from rising if the insured is involved in an at-fault accident, preventing insurance premiums to increase and protecting the customers driving record due to an insurance company’s “at-fault” rating system.   However, the accident is still on your driving record.

Generally, accident forgiveness insurance is offered to an insured that has a “clean” driving record.  For instance, if a customer has multiple auto accidents in the past three years or excessive speeding/moving tickets, you will not qualify.  On the other hand, if your carrier does not offer accident forgiveness, it may offer discounts as your driving record improves.

Buying the cheapest insurance premium does not always save cost as a result of an accident because there are higher out of pocket expenses.  The cost of accident forgiveness may result in a slight increase in the premium while overall reducing the costs because of hidden costs associated with a gap in insurance coverage because the bodily injury limits are too low, the limits for property damage are inadequate, higher out-of-pocket deductible expenses and not rental car coverage.

The agents of THINK Insurance & Financial Services in Pomona, CA  will advise you of your auto insurance needs and ways you can increase the value of your policy to reduce any of the hidden costs of being underinsured.  Please call for an appointment!