Will Insurance Rates Go Up After A Personal Injury Claim?

Will Insurance Rates Go Up After A Personal Injury Claim?

You can drive as carefully as possible and still be involved in a car accident. Unfortunately, nobody can predict when they are going to be a victim in a collision. And when you are at fault, the experience is even more stressful. Fortunately, car insurance will help you to pay for your medical costs, those of the victim, and cover property damage. 

In very serious situations, you will need help from professionals to deal with the outcome of the accident, as when you need truck accident lawyers. In others, you will be able to deal with everything alone. However, regardless of the situation, especially when you are at fault for the accident, insurance rates will go up. Understanding why this happens will help you make the best possible choices. 

How Much Does Insurance Go Up?

Predicting how much car insurance premiums go up after the car accident is very difficult. However, most are connected with your driving record. If you are at fault for the collision or there is a moving violation that appeared in the past few months, insurers see it as a red flag. The amount chosen by the insurers to increase your rates varies from one state to the next, the insurer, your age, and your driving history. Usually, the younger drivers will pay more after car accidents since they are seen as risky customers. 

If we are to look at statistics, we can say that full coverage insurance rates are going to go up by around $630 after a collision in which you were at fault. But, based on individual circumstances, you might be faced with more. 

The damage that you do will influence how much premiums go up. Also, the hike is even steeper if your history includes several accidents. But, this is true when talking about full coverage, not comprehensive coverage, which appears when the car is damaged but there is no collision present. Comprehensive claims, as an example, are filed when the car is vandalized or stolen. Such events can lead to slight premium increases. However, filing with the insurer is still usually a good idea in such scenarios. 

Why Do Rates Go Up?

The rates are not raised to punish the insured, as some might think. Rates are adjusted because the data available on you changed. You are basically perceived as being a driver with a higher risk rating and there is a higher possibility you will file a claim. Since you are becoming riskier for the insurer to have as a client, the premiums get higher. However, this is not a permanent increase. After some years, the rates do get back to normal. 

Whenever you notice your insurance policy rates are going up after the car accident, the best thing to do is to look at quotes from different carriers. You can shop around since every single insurer has different factors taken into account as they determine how much insurance premiums go up. Since different rates are charged by different companies, there is always a very good possibility you can find something more affordable for you. 

Personal Injury Claim Conclusions

Now that you know how and why rates can go up because of a personal injury claim, you can manage anything coming your way after an accident. Whether you need disability insurance for the future, or you can simply better manage future incidents, you now understand rates and why they go up after a personal injury claim.


Top 4 Skills of a Successful Trader

Today, the financial market is a tough place to make a living, but there are ways you can be a successful trader. Gone are the days where a family man could work a 9-5 job and provide for his household without worry. Savings accounts yield almost nothing in terms of interest, and inflation is on the rise. To maintain their current standard of living, it is becoming more critical than ever that individuals take control of their financial future by investing wisely.

To invest well successfully requires many skills. Technical analysis, which involves charts and graphs to forecast future price movements, takes time to develop into an art form. Picking stocks can involve hours of research before finding just one company that perfectly matches your criteria. And let’s not forget about risk management, which ensures that you won’t lose everything you have worked hard for in the market.

Being a successful trader isn’t about finding an edge or learning the most advanced techniques in the world. It is about knowing how to use simple tools properly, even if it takes years of practice.

However, a few skills go above and beyond technical analysis or stock picking that set successful traders apart from your average individual trying to get ahead. In order to be a successful trader, one must master these four essential skills below.


It is not uncommon for an investor to become anxious while watching their portfolio drop significantly in value. They go against their gut feeling and sell off stocks, turning a slight loss into a sizable one because of fear. Successful traders know better than to make quick decisions during turbulent times, waiting until they have “clear sailing” before selling or buying. Even if it means taking huge losses, patience will keep you afloat until the market comes back in your favor.


Staying patient is much easier said than done, especially when everyone around you is panicking. Successful traders can stay composed through good markets and bad, refusing to allow emotions to influence their decisions. This may mean that one has to sell off stocks at a loss just so they can “let go” of their losing positions, but it all balances out in the end.

Decision Making

Making split-second decisions can be highly beneficial in the stock market, where prices change by the second. Although no degree or class is required for this skill, it develops over time as individuals learn from past mistakes. Those who have mastered the skill of decision making can quickly identify their next move and react upon it immediately.


Successful traders do not always have to rely on others. They know how to stand up for themselves and make tough decisions on their own, such as selling off stocks when necessary. While some people are comfortable working with a team or group, things can get complicated fast if not everyone is on the same page. If you want to be successful in trading, independence is vital.


Trading tips and tricks do not work all the time. Nothing works all the time. The only thing that always works is patience, discipline, understanding how markets work and maintaining emotional control. If you focus on those things first, then applying charting techniques or using specific strategies becomes easy as pie.

Although these four skills take some time and effort to develop into an actual talent, they will ultimately help any investor trade better and become wealthier over time. There are many paths that one can take to reach their goal. In the financial market, it may seem difficult to break through the crowd and find success. However, if you have what it takes to master four skills, you too could be a successful trader. Whether you want to trade in ETF or mutual funds, use a reputable online broker from Saxo bank, and start trading on a demo account. They also offer low commissions and excellent customer service.


Guest post: Why I Became an Optometrist

Richard Zimbalist OD, FAAO is an optometrist at Harry S. Truman Memorial Veterans’ Hospital in Columbia, Missouri.  He is the developer of the popular optometric website, ODCareer.com, and welcomes blog submissions and case reports from other optometrists for publication.

Doctors are regarded as elite individuals in our society.  When you hear the word, most people conjure the image of a well-dressed professional with a white coat and stethoscope slung around their neck.  If you are interested in a medical career, do some serious soul searching first.  Is your aim to help people?  To earn a lot of money?  To cure cancer?  To have a family life?  I always had a fascination with medicine growing up and for years wanted to become an orthopedic surgeon.  It wasn’t until my last year in college though that I contemplated the necessary training to become an orthopedist. It would include medical school, internship, residency, and fellowship.  The total amount of additional education would come to 10 additional years after college; I wouldn’t start earning a real salary or have any semblance of a “normal” life until the age of 32.  I desired a career in medicine that provided me with a comfortable salary, traditional work schedule, and flexibility in career path options.

Not all doctors are medical doctors (MD).  The historical term has grown to include many other professions including dentists (DDS, DMD), optometrists (OD), podiatrists (DPM), pharmacists (PharmD), physical therapists (DPT), philosophers (PhD) and others.  There are many professions in the health field that enable you to work closely with patients as a doctor without the multitude of schooling.  The best thing you can do if you are interested in a medical field is to shadow a clinician.  When I decided that the MD route wasn’t for me, I took to shadowing many of the above professions.  I remember shadowing a podiatrist and actually made up an excuse to leave early because I was so repulsed by some of the feet that I saw! Shadowing provides you with an invaluable experience that you cannot google or read about anywhere on the web.  You will see what really happens on a day to day basis and most importantly, you will see if you can envision yourself in the field for the next 30 years.

I ultimately decided on optometry because it met many of the criteria that I wanted in a career.  Optometry is a great profession that has grown in strides during the past 20 years.  Optometrists used to solely prescribe glasses and contact lenses, however, we now evaluate disease, help with the legally blind, comanage LASIK, and much more.  Many optometrists have a traditional 9-5 workday although some work Saturdays also to provide extended hours for their patients.  There is a wide variety of practice options available to optometrists including positions in private practice, group practice, corporate, government and academia. I outline the various modes of practice on my website, ODCareer.com.  Amongst all of this, optometry was recently well ranked in the popular article 15 High-Paying Jobs for People Who Don’t Like Stress by Yahoo.

The old proverb which states, “The eyes are the window to the soul” has more truth to it than people realize.  Optometry is a great career choice for those who want a rewarding career in a medical field.