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7jai
May 27th, 2012, 05:33 PM
Hey guys,

So my friend got into an accident (he's at fault). He rear-ended someone. Both parties are fine. The car that got hit received very minor damages to their bumper. My buddy's front is semi-totaled (engine is ok, major cosmetic damages). Both parties decided to go through insurance.

The quote finally came back from my friend's body shop. They are charging around 10K in labour/parts/etc... to get everything fixed. He decided to go with that amount. Insurance cut him a cheque to give to the body shop.

The question is this: How much would my buddy's premiums go up by? I'm not looking for a specific amount (for sure it depends on alot of a factors). But i'm just curious to know if it was a minor "read-ended someone" accident, do they raise his premiums based on the $$$ that the insurance company has to put out for him? Or is it more based on the "accident type" scenario (ie: rear-ending someone, speeding and hitting someone, crashing into a public place, etc..?).

This is my 28-year-old friend's first at-fault accident. He also has a squeeky clean record.

If there is anyone with some experience with this, I would greatly appreciate your response and experience! Thank you in advance!

EPcjay
May 27th, 2012, 05:44 PM
Last year, I totalled my car. It was the same year I qualified for the first at fault accident waiver. So, my insurance went up by 3700 from 2900 after they discovered I had two tickets as well.
This year, one ticket fell off my record, and it's now back down to 2900. Although it's not the same car, it's the same model but a generation newer. Hope that gives you some idea.

If they don't have the first at fault accident waiver, your looking at a 800$ increase for 5 years.

7jai
May 28th, 2012, 10:23 AM
thanks for your response! are there any more people with similar situations?