What is Accident Forgiveness

Glossary - Letter - A

What is Accident forgiveness? It is one of the features of a car insurance policy. Typically, if you are involved in an at-fault or partially-at-fault accident, your insurance rates will go up after the accident. The accident forgiveness feature guarantees that your .auto-form-header-centerrates will not go up, despite the accident, although it is usually only applicable to your first at-fault accident. Sometimes this feature can be purchased as an extra with your auto insurance policy. In other cases it is added by an insurer to all the policies. There are also providers who grant this option if you have a bundle of different insurance products with the same provider. It is important to know that although your rates will not go up, an insurer will still know about the accident, and there will be a record of it. This feature does not free you from any legal responsibility associated with the accident either.
  • Interested to save on your auto insurance? Get a free quote today
  • Discover the lowest auto insurance rate across numerous insurance companies
  • Spend 15 min to start saving hundreds of dollars annually

Get a free Auto Insurance quote from 10+ Canadian insurers in Alberta

Our Publications related to Auto Insurance

Introducing a New Tool to Find Out What Issues Canadian Face with Their Insurers

Introducing a New Tool to Find Out What Issues Canadian Face with Their Insurers

The arrival of COVID-19 has pushed Canadians, more than ever before, online for finding and applying for insurance and banking products. It is not easy, though, to make the right choice without knowing if a particular insurer will be there when you need them the most. As the largest Canadian review platform with thousands of […]

Car Insurance in Alberta – Top Media Stories, Spring 2017

Car Insurance in Alberta – Top Media Stories, Spring 2017

Here are two summaries of top Alberta Car Insurance stories that were published in March and May 2017 in Canadian media outlets: CBC News Edmonton: Insurance company offers $5,500 for truck appraised at more than $40,000 (click to scroll to the story summary) Simcoe Reformer: Changes to benefit entitlement in 2016 adds to family’s struggle […]

Cheap Car Insurance – 7 Things to Know if You Are New to Canada

Cheap Car Insurance – 7 Things to Know if You Are New to Canada

Something that is quite straight forward for Canadians often turns out to be more complicated for those who are new to Canada. Searching for auto insurance and getting a cheap car insurance policy is one such issue, but we are here to help. Here are some questions you need to answer and steps you need […]

111 Insurance Myths – Everything You Must Know

111 Insurance Myths – Everything You Must Know

Hundreds of websites on the Internet perpetuate insurance myths. In this article, we have summarized all the insurance myths we are aware of and catalogued them by type, starting with home insurance, followed by auto insurance, life Insurance etc. If interested, you can unlock another 20 additional insurance myths at the end of our article. […]

Ontario Car Insurance – Will the Premiums Climb Up in 2017?

Ontario Car Insurance – Will the Premiums Climb Up in 2017?

Ontario car insurance rates are still by far the highest across Canada. This publication looks, in detail, at these rates and scrutinizes the recent approval of rate changes by the Financial Services Commission of Ontario (FSCO) to understand what consumers can expect in future. We also look at several possible scenarios how car insurance rates […]