It is worth it to file a car insurance claim if you were injured, the cost of the damage is more than you can afford to pay out of pocket, or another driver was at fault. On the other hand, it’s probably not worth filing a claim for minor property damage, especially if the cost is close to your deductible. Since filing a car insurance claim may lead to a premium increase in the future, it’s important to weigh the costs and benefits before deciding.
When It’s Worth It to File a Car Insurance Claim
- The other driver was at fault and you’re filing a claim with their insurance company.
- Your property was damaged and the cost of repairs is significantly higher than your deductible.
- You were injured in an accident.
It’s important to note that filing a claim with the other driver’s liability insurance will not cause your rates to increase. Additionally, it’s usually a good idea to file an insurance claim if you’re hurt. Even seemingly minor injuries may be more serious than they first appear, and medical bills can quickly add up.
On the other hand, if another driver was not responsible and your vehicle is only slightly damaged, it’s probably best to pay out of pocket rather than risk a future rate increase. For instance, if you have a $200 comprehensive deductible and a deer caused $300 in damage to your car, filing a claim won’t be very beneficial. But if the deer caused $1,200 in damage and you don’t have a lot of savings, filing a claim is worth it for your specific situation.
To learn more, check out WalletHub’s guide to car insurance claims.
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