Auto insurance is getting more and more competitive and price is not the only place to compete. Customer service, reputation, coverage options, SR22 insurance, and extra perks are all something to consider when shopping for auto insurance quotes. One perk that has received a lot of attention in the past year is accident forgiveness. This is a sought after benefit as consumers want flexibility in case they happen to have an accident. The automatic rate increase that has been associated with accidents scares consumers and this makes accident forgiveness very desirable.
More and more auto insurers are making accident forgiveness part of their policy packages. Nationwide and Allstate have been advertising this perk for awhile and have found great success with the program. According to the article “Car Accident Forgiveness Policies” found on US Life Daily’s site says accident forgiveness is one of the more highly searched for benefits which indicates it’s a growing need. The idea that auto insurance rates will not be automatically raised after the first accident appeals to all demographics and ages so it really is a unique benefit.
Accident forgiveness a relatively new concept, but it makes sense. Auto insurance companies still want to reward good drivers with superior rates, but they recognize even the best drivers can have an accident and they know customers do not want to automatically be penalized if an accident occurs, especially if they have had a perfect driving record for years. If this is a perk you think would bring you value, check with your insurer to see if that option is available. If not, it may be time to start to compare auto insurance quotes online.