Milvionne Chery Copeland, Writer
@milvionne_copeland
Yes, you can cancel a car insurance claim as long as you have not cashed or deposited the settlement check. For example, if you were in a car accident and filed a claim for the damage to your car but the cost to repair the damage is lower than you expected, you can call your insurance company and cancel the claim.
How to Cancel a Car Insurance Claim
You can cancel a car insurance claim by calling your insurance company’s claims department and submitting the request. Make sure to ask the representative about the proper steps to take to ensure your claim is cancelled, as you may have to fill out a form or notify your insurer in writing.
Reasons to Cancel a Car Insurance Claim
To avoid premium increases. When you file an insurance claim, your insurer is more likely to raise your rates when your policy is renewed. Cancelling a claim may prevent your premium from increasing.
The cost of the damage is less than your deductible. You will have to pay a deductible when you file a comprehensive or collision claim to cover damage to your vehicle. If the cost of the damage is less or the same as your deductible, it won’t be worth filing a claim since the insurance company will not pay anything to cover the damage.
You can’t afford the deductible. If you realize your deductible is too high for you to pay, you may be able to cancel the claim to deal with the repair at a later time. It’s important to note that if your car is totaled, you will not have to pay the deductible to the insurance company. Your deductible will be subtracted from the payout your insurer gives you.
Even though you can usually cancel your own car insurance claim, you cannot cancel a claim another driver files with your insurance. For instance, if you cause an accident, you cannot cancel the liability claim the other driver files with your insurance company for their injuries and property damage as a result of the accident.
To learn more, check out WalletHub’s guide on car insurance claims.
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