What Is Accident Forgiveness?
Accident forgiveness is a rider that shields a driver's premium from increasing after the first at‑fault claim. It applies only to the first incident and requires the driver to maintain a clean record before the claim.
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Eligibility With Ameriprise
Ameriprise offers accident forgiveness to policyholders who meet these conditions:
- Have a minimum of one year of continuous coverage with Ameriprise.
- Have no at‑fault claims in the past 12 months.
- Maintain a safe driving history (no violations or points).
Benefits of the Rider
Adding the rider can:
- Prevent a rate hike after a single claim.
- Reduce the risk of losing coverage if you're a high‑risk driver.
- Provide peace of mind for new drivers or those who have recently purchased a vehicle.
How to Add Accident Forgiveness
Contact your Ameriprise agent or log into your online account to request the rider. The agent will verify your eligibility and add the cost, which averages 5–10% of the annual premium.
Costs and Trade‑offs
| Attribute | Detail | Context |
|---|---|---|
| Premium Increase | 5–10% of annual rate | Depends on policy type and coverage limits |
| Claim Limit | First at‑fault claim only | Subsequent claims may still raise rates |
Is It Worth It?
For drivers with a clean record and who anticipate a low likelihood of future claims, the cost can outweigh the benefit. However, for those who have recently switched insurers or who value stability, the rider often pays for itself over time.