Motorcycle Insurance Cost: Accident Forgiveness

Everyone makes a mistake sometimes…and when it comes to motorcycle insurance, some mistakes are forgivable!

Accident forgiveness coverage, (also referred to as first accident waiver), prevents your insurance premiums from going up after your first at-fault accident. This type of coverage is included automatically with some insurance plans, and it’s available as an add-on with other policies.

Below is general information about how accident forgiveness works.

What is Accident Forgiveness Or First Accident Waiver
Accident forgiveness is a feature in an insurance policy that essentially “forgives” your first at-fault accident, meaning your insurance rates won’t increase as a result of the accident. It’s designed to protect policyholders from rate hikes that typically follow an at-fault claim.

Eligibility Requirements For Accident Forgiveness Or First Accident Waiver
Different motorcycle insurance companies have different policies regarding accident forgiveness. Some might offer it only to the most loyal customers, while others may make it more widely available. Specific eligibility requirements for accident forgiveness also can vary from insurer to insurer. Generally, however, to qualify for accident forgiveness coverage, you need to have a clean driving record and have been accident-free and incident-free for a certain period of time (typically five years).

Waiting Period For Accident Forgiveness Or First Accident Waiver
Insurance companies that offer accident forgiveness or first accident waiver benefits might have a waiting period before the coverage actually kicks in (typically one year).

One-Time Pass
Accident forgiveness usually only applies to one at-fault accident per policy or per rider. Subsequent at-fault accidents will typically lead to increased premiums.

Check With Your Insurance Agent Or Company
Please note that the information provided above is for informational purposes only. For the most accurate, up-to-date, specific information, check with your insurance agent or insurance company!