Washington, D.C. personal injury attorney explains why no-fault laws and state-by-state differences keep rates climbing.
Simeone & Miller, LLP is proud to share that Thomas Simeone, Managing Partner and experienced personal injury attorney, was recently featured in a FinanceBuzz article examining how car accidents impact insurance premiums nationwide. The piece reports that an at-fault accident leads to an average 43% increase in full-coverage rates, according to Insurify’s analysis.
In the article, Simeone offers insight into why certain legal systems, such as no-fault insurance laws, don’t always result in lower rates. He explains that while these systems are designed for drivers to turn to their own insurance after an accident, medical costs still rise, claims still get filed, and premiums often continue to increase. In some cases, he notes, no-fault rules may even reduce accountability for smaller claims.
Simeone also discusses why premiums vary dramatically from state to state. Insurance companies weigh factors such as differences in state laws, damage caps, fault rules, and the history of jury awards. In states where juries have a track record of awarding higher damages—or where insurance laws require broader coverage—insurers charge more to offset the risk of larger payouts.
Thomas Simeone is a veteran trial attorney and Managing Partner at Simeone & Miller, LLP, representing clients in personal injury matters across Washington, D.C., Maryland, and Virginia. Known for his client-focused approach, Simeone has secured millions of dollars in verdicts and settlements while helping accident victims navigate both the legal system and insurance challenges.
About Simeone & Miller, LLP
Simeone & Miller, LLP, is a renowned personal injury law firm serving clients throughout Washington, D.C., Virginia, and Maryland. We are committed to understanding each of our clients’ individual concerns and addressing them with tailored strategies to help them achieve the compensation they deserve.
