What is accident forgiveness?

What is Accident Forgiveness?

Having first-time Accident Forgiveness coverage on your auto insurance means that if you have a chargeable at-fault accident, it won’t be rated at renewal. In other words, your premium won’t go up because of it. 

How does Accident Forgiveness insurance work?

If you have car insurance with Accident Forgiveness, this waiver will protect you from seeing a direct increase on your premiums because of the claim at renewal. This endorsement only applies to your first at-fault claim. Keep in mind, there will still be a record of this accident and if you switch insurers, you could be rated for this claim by your new provider.

How do you qualify for Accident Forgiveness?

At Sonnet, we offer Accident Forgiveness automatically as long as you qualify for it:

  • You must not have a chargeable at-fault accident in  the last six years
  • You must be licensed continuously for the last six years 
  • You must be insured continuously for the last six years (Alberta, New Brunswick, Nova Scotia & PEI only)
  • You must not have had your auto coverage cancelled for non-payment 
  • You must not have four or more minor convictions or any other major, serious or criminal convictions in the past three years

Does your car insurance increase after an accident?

Yes. Without Accident Forgiveness, your car insurance premium will most likely increase following a chargeable accident. This is because part of your premium is calculated based on your driving history and overall risk.