What Kind of Accidents Should I Report?

If you get into a car accident, then you may want to report a claim on your insurance policy. For most people, this is the most obvious course of action but it's not always the best thing for you to do. In some cases, you are not going to want to file an insurance claim. You'll need to spend some time thinking over your situation and what the specifics of it are before you decide whether or not you want to file a claim with your insurance company.

Deciding whether or not to file an insurance claim is going to depend on a number of different factors. You are going to have to think about how much it will cost you out of pocket to file a claim. Also, you are going to need to think about what filing a claim might do to your insurance rates in the long term. If you think that filing the claim is going to have too much of an adverse effect on your insurance rates, then you may want to reconsider filing it. For example, if you have hail damage coverage and experience minor hail damage, you may consider not filing.

Filing after Large Accidents

If you are in a large accident, then you are going to need to seriously think about filing a claim with your insurance company. If there is a lot of damage to your vehicle, then you may be dealing with thousands of dollars to fix it. If you don't file a claim with your insurance company, then you are going to have to pay for these damages out of your own pocket. This can be a whole lot for you to afford on your own, so it's best for you to file an insurance claim with your company.

If you do have a large accident but you don't have a car that has a lot of value, then you may want to really think about making a claim on your policy. If your car is not worth much, then it may not be worth it to pay the deductible on your policy. Look over your policy very carefully and see what kind of deductible you are dealing with. If it seems to be a lot in comparison to the amount that your vehicle is worth, then you may be best not filing a claim with your insurance company.

Filing after Small Accidents

If you get into a smaller accident, then you have a lot more to consider before you decide to file a claim. For one thing, you need to determine if the damage to your vehicle is going to be more than the deductible on your policy. If the price of the damage is less than the price of your deductible, then the obvious choice is to deal with the damages yourself. If, however, the damages exceed the price of your deductible, then you may want to go ahead with the claim. You may need to get some quotes for repairs before you decide on this.

When deciding what kind of accidents you should report, you need to think about what this report is going to do to your insurance premiums. Depending on what kind of accident you are dealing with, filing a claim may actually end up costing you a lot of money in the end. Your auto insurance provider might start to consider you a bigger risk, and this might end up causing them to charge you much higher rates for your monthly premiums. If you want to avoid this, then you may want to reconsider things first before filing.

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