It seems every year there is a major auto recall, and unless you’ve been spared the hassle, getting your car’s defective feature fixed can be a hassle. Some defects are minor, but the serious ones are deadly, such as brakes not working correctly or a leaking that causes a fire. People may choose to ignore the recalls, while others try to take care of the problem before it becomes a larger one. In either case, it is important to know if an auto recall affects your insurance.
When deciding insurance rates, companies look at a long list of variables. One of those variables is the car’s safety rating; the better the rating the better chance at a lower rate. Car’s with a recall out, especially a serious one, have a lower safety rating, thus draw a higher rate for insurance. On top of that, ignoring the recall can be worse.
If It’s Broke, Fix it
So, sometimes people put off major repairs because they don’t have time, or need their car for work. It is understandable that people are busy, but if there is a recall on your vehicle and you get into an accident, your rates will surge. It is always better to play it safe and get the repair done quickly.
So You’re Saying There’s A Chace
The quick answer to the question “can an auto recall affect my insurance” is maybe. It really depends on what kind of recall it is and whether you take care of it or not. It would be rare that your insurance shot up due to recall, but if you damage your vehicle or someone else’s with your defective car, your rates will go up.
As a final tip, before purchasing your next vehicle, ask about any recalls or repairs. If a car has multiple recalls, it may be best to avoid it. Knowing beforehand whether the vehicle’s had a history with recalls can save you time and frustration later on.
Take Home Message
If your vehicle has a recall, do not panic. Schedule the repair as soon as you can, that way you don’t run the risk of getting in an accident and paying higher rates. As always, when shopping for auto insurance, compare auto insurance quotes with Insurance Navy.