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Home > Blog > When Should You Not File a Car Insurance Claim?
THURSDAY, OCTOBER 15, 2020

When Should You Not File a Car Insurance Claim?

Car insurance claim form with a pen and pair of glasses on top

After an accident, many drivers automatically think they need to file a car insurance claim for the damages. While this is often true, there are times where you may not want to file an insurance claim.

Accidents with Other Drivers

Accidents with other people involved generally should be filed under a claim. This is because you may owe compensation to other drivers, passengers or pedestrians depending on who is declared at fault for the accident. If you live in a fault state, you could be held responsible for injuries and damages that occur in an accident.

Drivers should be careful to document every part of an accident involving other people to make sure everyone involved receives the compensation and care they need. Once fault has been declared, you may want to file a car insurance claim to help with compensation. If you are not determined at fault for an accident and the other driver files a claim with their insurance company, consider the remaining amount you owe before filing a claim.

Consider Your Deductible

When your vehicle is damaged, you will want to have the damage appraised by an expert before filing a claim. This is because the damages may sometimes cost less than the price of your deductible.

Your deductible is the amount you pay out of pocket before you can receive compensation for your car insurance claim. For example, if your car insurance deductible is $1,000 and your vehicle receives $3,000 in damage, you will have to pay $1,000 before receiving compensation for the remaining $2,000.

If the price of your deductible is higher than the cost of fixing the damage, you may not want to file a claim. For example, say your car insurance deductible is $1,000 and your vehicle suffers $500 in damage when you hit a curb. Since the damage is less than your deductible, it would be more cost effective to fix the damages out of pocket than to file an insurance claim.

Keep in mind that your insurer should still be notified when you have an accident, especially if the accident involves other drivers or pedestrians. If you hide an accident and your insurer discovers it, you could run the risk of having your policy cancelled. Always have damages appraised by an expert so you can decide whether filing a car insurance claim is the right choice.

Also Read: Car Insurance for DC Commuters

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Posted 2:00 PM

Tags: car insurance, auto insurance, claims
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NOTICE: This and all content is developed from sources believed to be providing accurate information. The information in this material is not intended to be used as tax or legal advice. Please consult with a tax and/or legal professional for detailed information regarding your individual situation. Some of this material was developed and shared by Burke & Burke Insurance Agency to provide information that may be of interest. Burke & Burke Insurance Agency is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.
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