Will a Minor Car Accident Raise Your Insurance Rates in Ohio?

Between groceries, gas, and everyday expenses, who needs another bill to pay? Ohio drivers already shell out an average of $1,533 per year for full coverage car insurance — a minor fender bender is the last thing you need adding to that cost. 

But how much will it actually affect your premium? Let’s explore how minor car accidents are handled in Ohio and what you can expect from your insurance provider.

How Car Insurance Works in Ohio 

Ohio uses a modified comparative fault system when it comes to car accidents. This means that more than one driver can be assigned blame for an accident. If you’re found to be partly at fault but less than 50%, you can still recover damages, but they’ll be reduced based on your share of the blame.

In other words, this adds another layer to how your insurance rates might be affected after an accident. Even if you’re not entirely at fault, your rates could still increase if your insurer has to pay out any part of a claim.

Several factors determine your car insurance rates in Ohio, including:

• Driving history: A clean record with no accidents or violations usually means lower rates.
• Age and experience: Younger and less experienced drivers often pay more.
• Vehicle type: The make and model of your car can influence repair costs, affecting your premium.
• Location: Where you live and park your car plays a role in your rates.
• Coverage levels: The types and amount of coverage you choose will affect your premium.

Will a Minor Car Accident Raise My Car Insurance Rates in Ohio?

So, will that minor fender bender send your insurance rates through the roof? It might — but it’s not always a guarantee. Here’s why:

• Severity and cost: If the damage is truly minor (think a scratched bumper or small dent), and the repair costs are low, you might escape a rate increase altogether. 
• Who’s at fault: If the accident was your fault, it’s more likely your rate will go up. But even then, the increase might be smaller than you might be expecting, especially for a minor incident.
• Your driving history: A clean record goes a long way. If you’ve been a safe driver, your insurance company is more likely to see this as a one-time accident. However, if you have a history of accidents or violations, even a minor one could lead to a significant increase.
• Insurance company policies: Each insurance company has its own way of assessing risk and determining rate increases. Some might have “accident forgiveness” programs that could protect your rates after your first accident.

Remember: It’s always best to be upfront with your insurance company about any car accident. Failing to report it could lead to bigger problems down the road.

How Much Could My Car Insurance Rates Increase By?

While it varies, one Bankrate study found that after an accident, premiums in Ohio can jump by at least 20%, with some insurers adding a surcharge of 80% or more. Here’s a general idea of what you might expect:

How to Keep Your Car Insurance Rates Low After a Minor Car Accident 

Even with Ohio’s fault system, you have the power to keep your car insurance rates in check. Keep these tips in mind:

• Drive defensively: This might seem obvious, but the best way to avoid rate increases is to avoid accidents altogether. Practice safe driving habits, stay alert, and obey traffic laws. 
• Explore discounts: Most insurance companies offer discounts for things like:
  • Maintaining a clean driving record
  • Bundling your car insurance with other policies (e.g., home or renters insurance)
  • Taking a defensive driving course
  • Installing safety features in your vehicle
  • Paying your premium in full
• Review your policy: Don’t just set it and forget it. At least once a year, review your policy and compare rates from other insurers. You might find a better deal or discover that your needs have changed.

Don’t Panic. Call Slater & Zurz

We know that even a minor car accident can feel overwhelming. But here’s the good news: it doesn’t have to break the bank, especially if the car accident wasn’t your fault. 

Take this time to protect yourself — both physically and financially. Don’t let the insurance company pressure you into accepting a quick settlement that doesn’t fully cover your needs. A car accident attorney can help you understand your rights, negotiate with the insurance company, and ensure you get the compensation you deserve to cover repairs or even medical bills.

At Slater & Zurz, our car accident attorneys are here to answer your questions and help you navigate this process. Give us a call at 330-762-0700 for a free consultation today.

Frequently Asked Questions

I was just in a fender bender. Do I have to report it to my insurance company, even if it seems minor?

Yes, it’s always best to play it safe. Failing to report the accident so could violate your policy terms and lead to bigger problems later on, especially if the other driver files a claim.

The other driver was clearly at fault. Will my rates still go up?

It’s frustrating when someone else causes an accident. In Ohio, even if the other driver is clearly at fault, there’s a small chance your rates could increase if the damage is extensive or it’s hard to prove their fault. That’s why it’s so important to contact a car accident attorney who can gather evidence and negotiate with the insurance company on your behalf. 

The best part? Our accident attorneys work on a contingency basis, meaning you pay nothing unless we win. 

How much will my rates go up after a minor car accident?

There’s no one-size-fits-all answer. The amount your rates increase (if they do at all) depends on factors such as the cost of repairs, your driving history, your insurance company’s policies, and who was at fault. While there might be a small increase, it’s unlikely to be a dramatic jump, especially if this is your first accident.

What if I can’t afford a rate increase right now?

Unexpected costs are never fun. If you’re worried about a potential car insurance rate increase, talk to your insurance agent. They can explore options like adjusting your coverage or deductible to find a price that fits your budget.