Yep. In fact, there are cards with primary coverage that can have a net annual cost of less than zero, between rebates, generous retention offers, and good merchant offers. I'm looking at you, Altitude Reserve Visa.

Courtesy of Forbes Advisor:

"A chargeable accident can be as simple as a fender bender or as serious as totaling someone’s car. Usually, when an insurance company decides an accident is chargeable, it adds a surcharge to your premium. A surcharge is an increase in the cost of your policy.

"Some states also define a chargeable accident in terms of a dollar amount, such as:

"In Massachusetts, you may see an insurance surcharge if the accident involves a claim payment of over $1,000 for damage to someone else’s property, a collision or bodily injury to others (for accidents where the operator is more than 50% at fault and driving a private passenger vehicle).

"In Minnesota, an accident is chargeable when the insurer pays more than $500 under bodily injury liability, collision or property damage liability coverage.

"In New York, you can receive a surcharge if you’re found at fault for an auto accident involving losses of property or injury over $2,000."

Source:

https://www.forbes.com/advisor/car-i...t-forgiveness/