Jevco - How much does insurance go up after accident?

**shanekingsley** · 03-12-2012, 07:00 PM

I recently wrote off my motorcycle in a single vehicle incident where I went for a slide. Jevco is covering the write off and I will be getting a write-off value soon. Police officers attended, and I was not charged though I am still at fault.

How much is the typical amount (% increase?) that I can expect my premium to raise as a result of this? I expect it to go up, but just curious what to expect. This is my first at-fault claim ever. I have zero points on my record with one minor ticket from last year.

Insurance renewal is around August of this year. Any insight is appreciated.

Cheers!

**shanekingsley** · 03-16-2012, 03:19 PM

anyone?

I read the sticky and it doesn't give any more info than at fault accidents are classified as 'large' factors in premium determination? Any ideas on percentage increases?

**boooya** · 03-16-2012, 03:39 PM

No damage to yourself Shane?

**VifferFun** · 03-16-2012, 04:17 PM

The percentage increase can depend on many factors. Your broker should be able to give you an idea -- ask them how much your premium would increase if you were to obtain a renewal today.

**shanekingsley** · 03-16-2012, 07:29 PM

Thanks - I'll get in touch with my broker.

Boooya - Hey bud, no damage to me - just enough plastics damage to write the bike off instead of fix it. So now I'm looking for a new bike - probably a 2011 VStrom650 if I can find one. I have the cash, but the dealerships don't have any bikes I'm interested in, so I'm just waiting....

**boooya** · 03-16-2012, 08:42 PM

Good man glad you didnt get hurt.

**油井緋色** · 03-17-2012, 02:32 AM

Typically it's 33% for cars...I dunno about bikes.

**VifferFun** · 03-17-2012, 10:53 AM

Originally Posted by 油井緋色

Typically it's 33% for cars...I dunno about bikes.

There is no "typical" in the event of an at-fault collision -- it varies by the experience of the individual and the rating structure of the company.

**油井緋色** · 03-18-2012, 01:52 PM

Originally Posted by VifferFun

There is no "typical" in the event of an at-fault collision -- it varies by the experience of the individual and the rating structure of the company.

Really?

How come everyone I know, including myself, that got into an alt fault accident saw a 33% increase? Companies include StateFarm, Coop, and TD.

**VifferFun** · 03-18-2012, 05:57 PM

Originally Posted by 油井緋色

Really?

How come everyone I know, including myself, that got into an alt fault accident saw a 33% increase? Companies include StateFarm, Coop, and TD.

Pure chance, perhaps? Rates by driving record as well as accident surcharges can vary quite a bit from company to company. Even within a company, an at-fault claim doesn't affect a 20yo with 3 years of experience the same as a 40yo with 6 years of experience. Also, an at-fault wouldn't affect a person with full coverage the same as someone with just liability and fire/theft. etc.

At-fault collisions are not as simple as minor convictions where you usually get the first for free, and then a 10% surcharge for each conviction after that.