by ywarke » Tue Apr 14, 2009 07:28 pm
I rear-ended someone yesterday. That person's car didn't get damaged much (although there were a few scratches), but some of my car's front part (mostly chasis) was damaged. I am pretty sure that the other person will get their car fixed through my car insurance. I was, however, wondering how I should get my car fixed, considering that I want to minimize my insurance premiums from going up because of the incident. Should I (a) use the collision coverage of my car insurance and get the repairs paid for by the insurance (less the deductible) OR should I (b) bear part or all costs of repairs myself without asking the insurance company to pay for any of my repairs.
My intent here with option (b) is that if I don't use my insurance company to pay for my repairs, that's less money spent out of their pocket for the incident, thus resulting in a lower premium increase. But on the flip side, if the other person calls up and asks for coverage to fix her car, then the insurance company knows that my car was also involved in the accident, and therefore may jack up my premium, regardless of whether I use them to pay for my repairs or not (in which case I might as well get them to cover my repair costs also), which makes the case to go with option (a).
I really don't know how this works, and so am torn between options (a) and (b).
Any advice on which route to go so as to minimize insurance premium increases in the future and repair costs would be greatly appreciated.
Thanks.
My intent here with option (b) is that if I don't use my insurance company to pay for my repairs, that's less money spent out of their pocket for the incident, thus resulting in a lower premium increase. But on the flip side, if the other person calls up and asks for coverage to fix her car, then the insurance company knows that my car was also involved in the accident, and therefore may jack up my premium, regardless of whether I use them to pay for my repairs or not (in which case I might as well get them to cover my repair costs also), which makes the case to go with option (a).
I really don't know how this works, and so am torn between options (a) and (b).
Any advice on which route to go so as to minimize insurance premium increases in the future and repair costs would be greatly appreciated.
Thanks.
Posted: Sat Apr 25, 2009 03:46 am Post Subject:
well, this is kind of confusing, but here's what i think:
option (a) would be more viable. if you're at fault, it is likely that the other party would claim insurance money from your insurance company. like you said, if they do that, there's no longer any point in forking out the money by yourself. claim your repair costs from your insurance company, even if it means that your premiums may increase.
Posted: Mon May 30, 2011 02:17 am Post Subject:
First, report the accident to your insurance immediately...there is nothing more low-life than for the innocent party to call your insurance to make a claim, only to find out you failed to report it, in the hope that no claim would be made...call them tell them waht happened, admit fault if it was your fault, and call the other party with the claim number and phone number so they can call the adjuster and get their car fixed immediately...that is NOT what most people do, but it is the RIGHT thing to do, and maybe keep attorneys out of it...the innocent party, the one you struck, should have it as easy as possible to make their claim, IMO...
Now what you do with YOUR car may be another story, as you have options...first, get an estimate from a body shop of the repair cost...then you can make a qualified decision...if repairs are $750 and you have a $1,000 deductible, the answer is clear...if repairs are $1500 and you have a $250 deductible, then if you have the $1,250 difference, maybe avoiding the claim would be smarter...on the other extreme, if repairs are $4000 and you have no extra money, make the claim, pay the deductible, and close the case and move on.
Posted: Mon May 30, 2011 03:42 am Post Subject: insurance
WOW!! Yep...that answer was 'in a nut shell!!' If your cost in lower than wat your deductible would be,I would try to pay 'out of pocket'(if you can) so the accident isn't on your driving record. .........LORI: "Road Rage attacks?" do ou actually have to have a 'clause', within yor Insuance polic, to cover these kind of accdnts!?
Posted: Sat Oct 27, 2012 01:53 pm Post Subject: car repairs
I have to make repairs on the main structure of my car due to rusting of the under frame in order to pass the NCT is it possible for my insurance to cover the costs of repairs .
Posted: Sat Nov 10, 2012 04:45 pm Post Subject: You've NEVER seen auto coverage this cheap! Only $39.90!
If you read my post you can find out how to get cheaper insurance today!
http://www.ampminsure.org/don_haly/about19262.html
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