Can your auto insurance company raise your premium for an accident that wasn’t your fault?

I learned the answer the hard way a few years ago when my neighbor who parked next to me banged up my car as he was leaving his parking space.

Even though I had nothing to do with the accident, and I wasn't even present, my rates shot up 15%.

A new study from the Consumer Federation of America (CFA) found that several major insurance companies are more likely to raise premiums after a not-at-fault accident.

In some cases, you can end up paying $400 more for doing nothing wrong at all, the study's author said.

Read the full story at Clark.com.

Read more: 

About the Author

Keep Reading

On April 8, 1974, in Atlanta, Hank Aaron smashed baseball’s home run record. Our special coverage celebrating the 50th anniversary of this magical moment has begun online and in our print editions. There’s still more to come as Monday’s historic anniversary arrives.

Credit: Richard Watkins

Featured

Rose Scott signals as Closer Look goes on air in the WABE studio. An Atlanta resident left WABE a $3 million donation, a boost after WABE lost $1.9 million in annual funding from the Corporation of Public Broadcasting. (Ben Gray / AJC file)

Credit: Ben Gray