Honesty and being truthful are the most essential and vital factors in the formation of an insurance contract. Failure to disclose the truth or answering any insurance questions dishonestly makes the insurance contract voidable on the part of the insurer.
Every insurance company will ask you some questions on your past driving record and based on this it will decide how much it will charge to insure your car or decline to insure your car altogether. Low cost car insurance may not be readily available to you if you have been charged and convicted of a traffic offense in your home state or abroad.
If your driving license has ever been withdrawn, suspended or has many traffic tickets also puts you at higher chances of being charged more because of your likelihood of causing or being involved in an accident.
You should disclose all your driving history whenever required to do so by an insurance company or an insurance agent/broker. Some persons looking for low cost car insurance covers disclose only accidents occurring at their home countries but general insurance principles demand that you disclose even those traffic cases which occurred in foreign jurisdictions.
Having been involved in an accident does not mean you cannot get low cost car insurance at reasonable rates. You can do so because insurers critically analyze the facts of each traffic accident case and can always decide whether you are the one who was at fault or not.
If you were the one at fault, motor vehicle insurers have actuarial professionals trained in insurance assessment risks and will take up your case, analyze and recommend to the insurer whether or not you should be insured and if you should be how much to charge you for the cover.
Most likely and most probably, the insurer will charge you reasonable premiums if you have been truthful and honest.
