Individuals in New York who have been seriously injured in a car accident may have consequences associated with the outcome of the accident in the form of an insurance premium rate hike. According to recent research, insurance premiums are on the rise despite the fact that the bodily injury claims have decreased by just over 14.5%.

The major reason for the spike in premiums? The average cost of each individual payout on those same cases increased by 32%. In order to make up the difference, the insurance carriers are passing on the costs to the consumer.

There are three primary things you can do to protect yourself in the event that you have recently been injured in an accident and are concerned with your car insurance prices. These include:

  • Making sure to investigate all of your options. By shopping around you identify other companies that may offer you significant discounts or savings even after you have been involved in an accident.
  • Don’t ignore opportunities for discounts. Even if you have a recent accident on your record, you may still benefit from discounts associated with other opportunities such as being a student, being a member of AAA, being a member of the military and more.
  • Go with a higher deductible. Although you will certainly pay a lower insurance premium with a higher deductible, it can also help you avoid making small claims that can overall impact the cost of your car insurance.

All of these methods can help you minimize your car insurance payments even after an accident in the State of New York. Although it might seem like an accident can set you back significantly, doing your homework can help you identify a car insurance company with the right option for you.

If you were injured in a car accident, then you may be entitled to cash compensation for damages related to lost wages, medical bills and future and past pain and suffering. Jayson Lutzky offers free in-office consultations and free home or hospital visits in the case of a severe injury. Mr. Lutzky is a Bronx attorney handling personal injury and accident cases. He has over 33 years of legal experience and has helped secure millions of dollars in compensation for past clients. Call 718-514-6619 to set up an appointment and visit