Car Trouble Update
Hey everyone, I just wanted to share my experience. I got my car, a 2017 Ford Fusion SE, just last week on Monday. Last night, while turning home, another vehicle abruptly cut in front of me, causing me to hit a curb because they ran a flashing red light. Unfortunately, this resulted in a broken axle. It was too dark to take good pictures at the scene.
Today, I’m heading to the towing company to sign the car over to my insurance so they can assess the damage. The tow truck team mentioned that it seems to be just the axle that’s affected. Thankfully, there’s no damage to the body of the car, and the other tires are in good shape. The estimated value of my Fusion is around $8,230. Since I haven’t even made my first payment yet, I’m wondering if my insurance will opt to repair the car or just offer me a payout. Any thoughts?
I’m really sorry to hear about your accident; that sounds really stressful, especially since your car is so new to you. Since the body of the car is undamaged and it seems like the main issue is just the axle, there’s a good chance your insurance might go for repairs rather than totaling the car, especially if the cost of repairs is significantly less than the car’s value.
Typically, insurance companies will consider the estimated repair costs versus the car’s value to determine whether it’s worth repairing or if they should just write it off. If the repairs are manageable and it doesn’t exceed a certain percentage of the car’s value (usually around 70-75%), they’re likely to opt for a repair instead.
It might be a good idea to get a detailed estimate for the repairs from your mechanic to present to the insurance company. Just be sure to keep records of everything, including communication with both the towing company and your insurance provider. Letting them know that there were no major body damages can also be in your favor. Fingers crossed for a smooth resolution!