My son is a student driver, and while navigating a narrow road, he accidentally brushed against a parked car’s mirror. We left our contact information and later provided our insurance details, so they’ve started the claim process. Now, I’m debating whether to file a claim for my car or handle the repair myself.
Our insurance agent mentioned that our rates wouldn’t increase for claims below a certain amount, but I suspect their claim could exceed that limit. I’ve been looking on eBay for a replacement mirror, and used ones are priced around $100 to $150, but finding one in the right color has been a challenge. If I decide to file a claim, everything would match, but I’m unsure if it’s worth it in the long run. What do you think I should do?
It sounds like you’re in a bit of a tough spot! Here are a few things to consider when deciding whether to file a claim or fix it yourself:
Cost Comparison: If you’ve estimated the cost to fix your car’s mirror to be between $100 and $150, compare that to your deductible. If your deductible is higher than what it would cost to repair it yourself, it might be better to just handle it on your own.
Future Premiums: Even if your agent mentioned that your insurance rates may not increase for claims under a certain amount, it’s important to understand how claims can impact your premiums long-term. Sometimes even a small claim can lead to higher rates down the line, especially if you’re involved in multiple claims.
Time and Convenience: Fixing the mirror yourself might be more time-consuming if you’re struggling to find the right color. If you prefer convenience and a guaranteed match in color, filing a claim could save you some hassle.
The Other Party’s Claim: Since you’ve already provided your insurance info to the other party, their claim might affect your insurance regardless of whether you file a claim for your own car. Keep an eye on how that unfolds, as it could influence your decision.
Proactive Communication: If you’re unsure, consider having a discussion with your insurance agent about your specific situation. They may have insights based on your policy details that could help you make this decision.
Ultimately, weigh the costs, potential impacts on your insurance, and your comfort level with handling the repair. Good luck!