My son is a student driver, and while navigating a narrow road, he accidentally hit a parked car’s mirror. We left our information and later provided our insurance details. The claim process has begun on their side, but I’m unsure whether I should file a claim for my car or just handle the repair myself.
Our insurance agent mentioned that our rates won’t increase for claims below a certain amount, but I suspect the other car’s claim might exceed that threshold. I’ve been looking for a replacement mirror on eBay, and used ones are priced around $100 to $150, though finding one in the right color has been challenging. If I file a claim, everything will match, but I’m wondering if it’s worth it in the long run. What should I do?
It’s understandable to be unsure about whether to file a claim or handle the repairs yourself in this situation. Here are a few things to consider that might help you make your decision:
Cost Comparison: Since you found mirrors for $100 to $150, pulling from your budget might save you from dealing with potential increases in your insurance premiums if you file a claim. However, you should also consider any potential additional costs for labor if you’re not planning to install it yourself.
Insurance Advice: Since your insurance agent mentioned that your premiums wouldn’t go up for claims under a certain amount, it may still be worth filing a claim if you think the total cost could exceed that threshold. Make sure to clarify with your agent what that threshold is, as it could help inform your decision.
Future Premiums: Consider how filing a claim could impact your insurance rates in the long run. Even if claims under a certain amount don’t lead to an increase now, insurance companies can look at your claims history when determining future rates.
Documentation: If you choose to handle the repair yourself, make sure to document everything (photos of the damage, repair receipts, etc.). This could be beneficial if any future issues arise or if you need to reference this incident later.
Peace of Mind: Sometimes, filing a claim can take the burden off your shoulders and ensure that both vehicles are repaired to their original state. If your peace of mind is worth the potential hassle (like managing the claim process), that’s also a valid consideration.
Ultimately, weigh the immediate financial aspects against the long-term implications for both your insurance and peace of mind. If it feels too complicated, it might be worth talking to your agent again for more tailored advice based on your specific situation.