Dr. Pinto Shares Tips on Managing Insurance Rates After an Accident in WalletHub Feature

Dr. Joann Pinto, Feliciano School of Business Professor in the Accounting and Finance department, was featured in WalletHub’s article about how much insurance goes up after an accident.The article explains that car insurance premiums typically increase by about 50% after an accident, though the exact increase varies based on factors like the insurance company, the driver’s state, the damage extent, and who was at fault. Drivers may see their premiums rise even after a not-at-fault accident, though the increase is generally modest. The article offers tips to find cheaper insurance after an accident, including shopping for quotes, taking defensive driving courses, and maintaining a good credit score. Joanne Pinto contributed advice on preventing premium increases, recommending defensive driving courses and maintaining a good credit score to help keep rates low.