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Is “accident forgiveness” coverage worth the extra money?

Accident forgiveness coverage can be worth the extra money if you are someone who is worried about the impact an accident could have on your car insurance rates. With accident forgiveness coverage, your insurance company will not raise your rates after your first at-fault accident. This can be particularly beneficial for drivers with a clean driving record who have built up a good history with their insurance company.

However, it's important to keep in mind that accident forgiveness coverage can vary depending on the insurance company, and there may be limitations or restrictions to the coverage. For example, some insurance companies may only offer accident forgiveness for drivers who have been with the company for a certain amount of time, or may exclude certain types of accidents from the coverage.

Ultimately, it's important to carefully review the terms and conditions of any accident forgiveness coverage and compare it with the additional cost to determine if it's worth it for your specific situation.

Disclaimer: The questions and answers above are for educational purposes only. They are meant to provide the public with a general conceptual understanding of insurance and do not constitute advice or analysis. Some answers might be incomplete, outdated, and even not always accurate depending on the particular rules applicable to your state. Importantly, these questions and answers are generic and do not relate to any particular insurance product, including products available on the Waffle platform. If you have any questions about any of your own insurance products, always check the policy first and direct your questions to your insurance agent or the insurance company underwriting your policy.