A key factor in most auto accidents is no-fault auto insurance. Generally, certain benefits for injuries received in an automobile accident are payable regardless of who caused the accident. For example, if you are involved in an accident and have car insurance, your own insurance company is responsible for paying your medical bills. If your injuries prevent you from working, your insurance company also pays 85% of your lost wages up to a maximum of $250 per week.
Making a no-fault claim is not likely to trigger a premium increase, provided you were not responsible for causing the accident. Typically, insurance companies will only react to claims made against your policy when you are more than 80% responsible for causing the accident. Also, insurance companies will increase your insurance premium if you are involved in certain illegal driving conduct and have received a ticket, such as driving while intoxicated, speeding, or similar charges.
Most insurance companies set premiums based on a point system. Drivers accumulate points for chargeable accidents, accidents that are their fault, and moving traffic violations. Check with your company regarding their policy on accumulating points. Under Minnesota law, your insurance company must provide you with written information regarding point accumulation and the effect it has on your insurance premium.
For more information about auto accidents and related subjects, please contact Rob Johnson or Pam Spaude by using this site's e-mail or calling us at 612/339-4295..