AutoInsurance Premiums

[nepats2]

Hi,

Say, if insurance has a claim from other party due to a collision(due to my fault), my premium go up, right?

Would there be any difference in my premium

1. If I don't claim for damages incurred to my car due to same collision.
2. If I claim for damages incurred to my car , lets say $2000.

please answer ASAP.

thank you.

 

[djs]

In general terms, a rated accident is a rated accident. You'll pay your deductible to get your car fixed, but it will likely not have any significant impact on your premiums since they have already paid on the claim.

In some cases, details do matter, but if you have $2000 damage on your car, assuming similar on the other, you were at fault, then it doesn't matter after that.

Dan

 

[INSUREGEEK]

I agree with Dan.

If your insurance already accepted liability and paid for repairs to the other car, it won't get much worse by filing your own collision claim.