Wednesday, October 29, 2008

Reporting Car Insurance Claims

Folks do a lot of things to keep their car insurance premiums low. One of the cheapest car insurance tricks I know is to not file minor claims. The reason some people do this is to avoid their premiums from going higher. Before anyone decides to do this, here are a few things to consider.

  • How extensive was the damage? If the damage to your car or the other persons vehicle was pretty bad, then you may wind up paying thousands of dollars in repair bills. Even more if the accident was your fault. However, if it was just a minor scratch that could be easily fixed or ignored, then you probably shouldn't file a claim.
  • Your recent driving history. If you have had any recent accidents or claims against your automotive insurance, then you may not want to file another one too soon. The more claims you file, the higher your premium will go.
  • The other party. If the other driver wants to file a claim with their car insurance company, then that company will eventually get in touch with yours. That may inevitable raise your premiums anyway.
  • Injuries. If anyone was injured in the accident, then you'd do best to notify first the proper authorities and emergency personnel, then your insurance company.
  • Whose fault it was. If the accident was your fault, then the other party will almost certainly report it to their company. In that case, you might as well let your car insurance company know the deal.
Keep these thoughts in mind when considering filing a claim with your insurance company.

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