When It May Be Best NOT to File an Automobile Insurance Claim
When It May Be Best NOT to File an Automobile Insurance Claim
Your neighbor Bob may tell you one thing. Cousin Jeff may tell you another. It seems everybody has an opinion. When should you file an insurance claim with your automobile insurance company and when should you just try to take care of the consequences on your own?
The discussion usually centers around the potential rate increases you could see in your automobile insurance if you file a claim. There’s much more to consider, however. So, when should you file a claim and when may it be best to NOT file an automobile insurance claim?
You put a small dent in a car owned by someone else.
It can be tempting to settle this type of claim privately. The problem is you don’t know who you may be dealing with and they may request more funds in the future. You should file a claim in this situation.
You cause an accident that involves injuries.
When injuries are involved in an incident you caused, it is critical you contact your insurance company. This could eventually involve significant medical bills and you want the support of your insurer.
You cause significant damage to another vehicle.
Because there may be more damage than initially thought, you should always let your insurance company know if you cause an accident with serious damage.
You cause serious accidental damage to your own car.
You may want consider whether or not to make a claim under this circumstance based on your deductible and on the possibility your rates could go up upon renewal. Of course, if you just have liability coverage, there will be no need to file a claim.
You cause minor damage to your own car.
If you only have liability coverage or if damage is less than your deductible amount, there is no need to file a claim with your insurance company. Even if damage is slightly more than your deductible, you may be better off handling the situation on your own.
In reality, there are few circumstances when you will not want to notify your insurance company of an incident. This is particularly true if injuries are involved.
Do you have sufficient automobile insurance for your situation? We can help. Contact our independent insurance agents and get a no-obligation insurance review and quote. You may just find improved coverage at a more affordable price. Get more for your money when you contact us for your automobile insurance needs.
Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder
Search All Blogs
Search All Blogs
Read More Blogs
Your Perfect Beach Day: Tips for Effortless Fun in the Sun
Easy tips for a perfect, stress-free beach day.
Peace of Mind for Your Business: Key Moments When Insurance Pays Off
Business insurance: essential protection for common challenges.
Navigating Life Insurance: 5 Common Mistakes to Avoid for Your Financial Future
Avoid these 5 common mistakes when buying life insurance.
Your Car’s Health Check: A DIY Guide to Safety and Maintenance
Simple DIY car checks for safety and maintenance.
Budget-Friendly Home Upgrades: 4 Ways to Boost Your Home’s Value and Appeal
Boost home value on a budget with these 4 DIY upgrades.
From Cutting-Edge to Clutter: Modern Antiques Hiding in Your Home
Uncover the surprising “antiques” in your tech drawer.
Unlocking Customer Loyalty with Smart Data
Turn customer data into your business superpower.
Is There an Age Limit for Life Insurance? Understanding Your Options
The truth about age and life insurance eligibility.
5 Automotive Icons That Sounded Destined for Greatness
Uncover the powerful names behind legendary cars.
7 Surprising Facts You Didn’t Know About Home Insurance
Unexpected insights into the world of home and renters insurance.