--- title: "Protect Your Wallet and Peace of Mind: Understanding Accident Forgiveness Insurance" description: Discover a key to safeguarding your finances & tranquility after an accident. Learn about accident forgiveness insurance, a shield against rising premiums image: https://blog.concklin.com/hubfs/couple-exchanging-car-insurance-details-after-road-2022-05-24-00-01-31-utc-1.jpeg --- [Skip to content](https://blog.concklin.com/protect-your-wallet-and-peace-of-mind-understanding-accident-forgiveness-insurance#main-content) [facebook-f icon](https://www.facebook.com/ConcklinInsurance) [linkedin-in icon](https://www.linkedin.com/company/concklin-insurance-agency) [Twitter icon](https://twitter.com/ConcklinA) [youtube icon](https://www.youtube.com/channel/UC_HnJQ4S_USSxBJkauXwu6A) [**Contact Our Team **](https://insurance.concklin.com/compare-quotes#CLQuoteRequest) **[630-268-1600](tel:+16302681600)** **[Contact Our Team](https://insurance.concklin.com/compare-quotes#CLQuoteRequest)** ****[630-268-1600](tel:+16302681600)**** [![Concklin Logo-1](https://blog.concklin.com/hs-fs/hubfs/Concklin%20Logo-1.png?width=314&height=100&name=Concklin%20Logo-1.png)](https://insurance.concklin.com/) - About Us Show submenu for About Us - [Our Story](https://insurance.concklin.com/about-us-who-we-are) - [Our Team](https://insurance.concklin.com/meet-our-team) - [Contact Us](https://insurance.concklin.com/contact-us) - [Markets & Industries](https://insurance.concklin.com/industry-specific-insurance-programs) - [Business Insurance](https://insurance.concklin.com/business-insurance-coverage) - [Personal Insurance](https://insurance.concklin.com/personal-lines-insurance-coverage) - Life & Health Insurance Show submenu for Life & Health Insurance - [Life Insurance](https://insurance.concklin.com/life-insurance) - [Health Insurance](https://insurance.concklin.com/health-insurance) - Resources Show submenu for Resources - [Claims Resources](https://insurance.concklin.com/claims-resources) - [Cyber Resources](https://insurance.concklin.com/cyber-insurance-resources) - [Blog](https://blog.concklin.com/) - [Video Library](https://blog.concklin.com/video-library) - [Client Portal](https://insurance.concklin.com/client-portal) - [Make A Payment](https://concklin.appliedpay.com/) Open main navigation Close main navigation - About Us Show submenu for About Us - [Our Story](https://insurance.concklin.com/about-us-who-we-are) - [Our Team](https://insurance.concklin.com/meet-our-team) - [Contact Us](https://insurance.concklin.com/contact-us) - [Markets & Industries](https://insurance.concklin.com/industry-specific-insurance-programs) - [Business Insurance](https://insurance.concklin.com/business-insurance-coverage) - [Personal Insurance](https://insurance.concklin.com/personal-lines-insurance-coverage) - Life & Health Insurance Show submenu for Life & Health Insurance - [Life Insurance](https://insurance.concklin.com/life-insurance) - [Health Insurance](https://insurance.concklin.com/health-insurance) - Resources Show submenu for Resources - [Claims Resources](https://insurance.concklin.com/claims-resources) - [Cyber Resources](https://insurance.concklin.com/cyber-insurance-resources) - [Blog](https://blog.concklin.com/) - [Video Library](https://blog.concklin.com/video-library) - [Client Portal](https://insurance.concklin.com/client-portal) - [Make A Payment](https://concklin.appliedpay.com/) --- Oct 3, 2023, 1:25:29 PM # Protect Your Wallet and Peace of Mind: Understanding Accident Forgiveness Insurance ![Picture of Amanda Yaniz](https://blog.concklin.com/hs-fs/hubfs/Amanda%20Yaniz.jpeg?width=50&name=Amanda%20Yaniz.jpeg) [Amanda Yaniz](https://blog.concklin.com/author/amanda-yaniz) Share: [facebook-f icon](http://www.facebook.com/share.php?u=https://blog.concklin.com/protect-your-wallet-and-peace-of-mind-understanding-accident-forgiveness-insurance) [linkedin-in icon](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.concklin.com/protect-your-wallet-and-peace-of-mind-understanding-accident-forgiveness-insurance) [Twitter icon](https://twitter.com/intent/tweet?url=https://blog.concklin.com/protect-your-wallet-and-peace-of-mind-understanding-accident-forgiveness-insurance) [envelope icon](mailto:?body=https://blog.concklin.com/protect-your-wallet-and-peace-of-mind-understanding-accident-forgiveness-insurance) Protect Your Wallet and Peace of Mind: Understanding Accident Forgiveness Insurance 2:48 Car accidents can happen to anyone, no matter how careful a driver you are. Even the most experienced drivers can find themselves in a fender bender or worse. When you're involved in an accident, the last thing you want to worry about is how much your car insurance premiums are going to increase. That's where accident forgiveness insurance comes in. ## What is accident forgiveness insurance? Accident forgiveness is a feature that some insurance companies offer to prevent your rates from increasing after an at-fault accident. With accident forgiveness, your insurance company will waive the rate increase that you would typically receive after an accident. However, it is important to note that accident forgiveness does not protect your driving record. The accident will still appear on your driving record and may affect your rates if you switch insurance providers. In addition, accident forgiveness usually applies to one at-fault accident per policy term, and you will still need to pay a deductible. ### Pros of accident forgiveness insurance - Peace of mind: One of the biggest benefits of accident forgiveness insurance is peace of mind. Knowing that your rates won't go up after an accident can be a huge relief, especially if you're a new driver. - Cost savings: Accident forgiveness insurance can save you money in the long run by preventing a rate hike. Without accident forgiveness insurance, your premiums could go up significantly after an at-fault accident. On average, car insurance rates increase by 49% after an at-fault accident. ### Cons of accident forgiveness insurance - Cost: Accident forgiveness insurance can be expensive, and it may not be worth it for everyone. You'll need to weigh the cost of the insurance against the potential savings of not having your rates go up after an accident. - Limited coverage: Accident forgiveness insurance usually only covers one accident per policy term. If you're involved in multiple accidents, you may still see rate hikes on your policy. - Not available to everyone: Accident forgiveness insurance may not be available to everyone, particularly if you have a history of accidents or a poor driving record. You'll need to check with your insurance company to see if you're eligible. Accident forgiveness insurance can provide peace of mind and cost savings to drivers who are worried about their premiums going up after an at-fault accident. However, it's important to weigh the cost of the insurance against the potential savings and consider the limited coverage and eligibility requirements. If you're considering adding accident forgiveness insurance to your policy, be sure to read the details carefully and talk to your insurance agent about your options. 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