Accident Forgiveness

Business, Legal & Accounting Glossary

Definition: Accident Forgiveness

Accident Forgiveness

What is the dictionary definition of Accident Forgiveness?

Dictionary Definition

A form of (optional) vehicular insurance coverage wherein the insurer waives its right to increase the rate of the policyholder at fault in the event of an accident.

Full Definition of Accident Forgiveness

Accident forgiveness is a feature of an auto insurance policy that protects your driving record from being affected by the insurance company’s rating system for an at-fault accident, thus preventing your insurance premium from going up because of an at-fault accident.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Accident Forgiveness. Payroll & Accounting Heaven Ltd.
March 01, 2024
Chicago Manual of Style (CMS):
Accident Forgiveness. Payroll & Accounting Heaven Ltd. (accessed: March 01, 2024).
American Psychological Association (APA):
Accident Forgiveness. Retrieved March 01, 2024
, from website:

Definition Sources

Definitions for Accident Forgiveness are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 9th December, 2019 | 0 Views.