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.

We maintain the mindset that we work FOR our clients

Leave a Comment





When Should I get Life Insurance on My Child?

August 5, 2020

Why Are My Car Insurance Rates Climbing as My Car Gets Older?

August 4, 2020

The Benefits of Keeping Up With Your Home’s Value

August 3, 2020

They Eat What? Where? Dining Across the Globe

July 31, 2020

Preventing Slip and Falls at Your Business

July 30, 2020

Beyond Life Insurance: Other Death Benefits for Which You May Qualify

July 29, 2020

Having the Insurance “Talk” with Your Newly Driving Teen

July 28, 2020

Weighing Desire For Gain vs Fear of Loss

July 27, 2020

Five Movies Some Big Stars Must Regret

July 24, 2020

Exceptions to the Rule: Calamities Business Insurance May Not Cover

July 23, 2020

Situations When Term Life Insurance May Be the Best Solution

July 22, 2020

When It May Be Best NOT to File an Automobile Insurance Claim

July 21, 2020

Is Your Dog Taking a Bite Out of Your Homeowners’ Insurance Premiums?

July 20, 2020

Some Classic Sports Player Nicknames and How They Came About

July 17, 2020

Why Non-profits Need Adequate Business Insurance

July 16, 2020

What is “Double Indemnity”?

July 15, 2020

Can You Benefit From Taking an Online Defensive Driving Course?

July 14, 2020

Summer and the Increasing Chances of an At-Home Injury

July 13, 2020

10 Tools Singles and College Students Should Have in a Starter Tool Box

July 10, 2020

What You Owe Your Employees and How Business Insurance Helps

July 9, 2020

Pre-Planning a Funeral and Life Insurance

July 8, 2020

Do Car Color Choices Make a Difference?

July 7, 2020

He-Shed, She-Shed: Insuring Your Special Place

July 6, 2020

Vacation Ideas in a Socially Distant World

July 3, 2020

Where to Start with Insurance when Building a Business

July 2, 2020

Are You Going to Live Forever?

July 1, 2020

Fireworks and Homeowners Insurance

June 30, 2020

Why Car Insurance Rates Vary From Company to Company

June 30, 2020

It’s Time for Dad to get a New Grill When…

June 19, 2020

Best Times to Revisit Your Business Insurance Coverage

June 18, 2020

How Life Insurance Relieves Stress

June 17, 2020

Five Driving Test Questions You May Not Know The Answer To

June 16, 2020

Fencing and Homeowners’ Insurance

June 15, 2020

How Milwaukee Became America’s Beer Capital

June 12, 2020

Business Insurance and an Exit Strategy

June 11, 2020

The Power of Persistence and Health Insurance

June 10, 2020

Can I Afford Renters Insurance?

June 8, 2020

Lavender: An Essential Oil for Your Home

June 5, 2020

The Value of Business Interruption Insurance

June 4, 2020

Why Credit Scores Impact Auto Insurance Rates

June 2, 2020

Renters Insurance and College

June 1, 2020

9 Things You May Not Know about Thomas Edison

May 29, 2020

Should a Stay-at-Home Spouse Carry Life Insurance?

May 27, 2020

Homeowners’ Liability Insurance: Who Would Sue You?

May 25, 2020

Poorly Reviewed Movies That Became Classics

May 22, 2020

Five Ways to Save on Business Insurance

May 21, 2020

Could You Afford a Million Dollar Life Insurance Policy?

May 20, 2020

Are My Expensive Chrome Wheels Covered?

May 19, 2020

Protecting Your Biggest Investment

May 18, 2020

Fun Ways to Relieve the Stress of Cabin Fever

May 15, 2020

Think Twice About Buying Business Insurance from a Friend

May 14, 2020

Why You May Need a Physical to Acquire Life Insurance

May 13, 2020

Will a Traffic Ticket Result in Higher Car Insurance Premiums?

May 12, 2020

Roof Damage and Your Homeowners’ Insurance

May 11, 2020

Moolah. Dough. Money. Cash Throughout US History.

May 8, 2020

Sole Proprietors and Business Insurance

May 7, 2020

What You May Have in Common With Pro Athletes

May 6, 2020

Your Car Was Damaged While Shopping. Now What?

May 5, 2020

Improving Your Home? Improve your Insurance.

May 4, 2020

Is Waxing a Car Still a Thing?

May 1, 2020

Contact Us

-CONTACT US

OUR LOCATION

Have A Question?

We have an answer. Call us at 303-317-4337

5610 Ward Road #300 Arvada, CO 80002

303-317-3447

© Copyright 2020 Insure Colorado Today  |   All Rights Reserved
Site by ICA Agency Alliance

5610 Ward Road #300 Arvada, CO 80002
303-317-3447

© Copyright 2020 Insure Colorado Today  |   All Rights Reserved
Site by ICA Agency Alliance