(Closed) How should I pay for my car accident?!

posted 8 years ago in Money
  • poll: What do you think I should do?

    Go through insurance.

    Pay out of pocket.

  • Post # 17
    8460 posts
    Bumble Beekeeper
    • Wedding: August 2012

    I would go through your insurance, provided your deductible isn’t enormously high.

    Post # 18
    2263 posts
    Buzzing bee
    • Wedding: May 2014

    This is exactly why you have insurance, so you don’t need to pay this stuff out of pocket.  If you have full coverage, it’s what you are paying for.

    Waiting for 10K to 15K out of an insurance company is the most rediculous thing I have heard when you are talking about an auto accident.  We would have to total both my car, my FI’s car, and a small portion of our house to get to that much damage.

    Post # 19
    343 posts
    Helper bee
    • Wedding: October 2014

    My parents had to go through insurance for an accident once and their monthly payments maybe went up by $20… it wasn’t a big deal and my understanding you are only ruined if you wreck the car or have another accident. This is why you have insurance! Call up your agent and ask them what you can expect, likely you won’t be ruined for life over a $3500 repair!

    Post # 20
    6593 posts
    Bee Keeper
    • Wedding: November 2013 - St. Augustine Beach, FL

    Go through your insurance and ask them if they recommend a repair shop; my insurance requires that you use their repair shop if it’s within a certain number of miles from your home address.

    Yes, your rates will likely go up some but eating $3500 on a 7 year old car you owe $7500 is ridiculous.  This is exactly what insurance is for.  Frivilous claims are those where you claim only $250-1500 which is why those are common deductible amounts (to encourage you to repair it without the insurance.)

    Post # 22
    8700 posts
    Bumble Beekeeper
    • Wedding: May 2013

    Definitely with your insurance! Unless they raise your insurance by $100/mo for 3 YEARS, you’ll pay less reporting it!

    Assuming you have coverage for that type of accident.

    Post # 23
    1301 posts
    Bumble bee
    • Wedding: November 2014

    You need to call someone yourself and not depend on a friend to do it.  I would definitely go through insurance for something that costs $3500.  I had one accident that actaully was my fault and had no change (one accident forgiveness on my policy).

    Post # 24
    4173 posts
    Honey bee
    • Wedding: April 2018

    @PinkStripes:  This is NOT worth getting upset about, I work in insurance, and the fear that your rates are going to go up because you were in 1 car accident is pretty common, but totally baseless….underwriting guidelines assume that sooner or later, you’re going to have a claim….its the people that have five in a year and keep getting their windsheild replaced that get to see skyrocketing rates….NOW…before you even think about paying for it on your own…why don’t you add up your premium payments and see how much you put in over the years….

    What was all that money for, so you could register it?  Legally drive it? 


    NO…its there in case you need it!

    everyone else with your company that had accidents used that money for their cars, its your turn, that’s what insurance is all about!

    Post # 25
    1586 posts
    Bumble bee
    • Wedding: August 2012

    I’ve been in 9 car accidents (for the record, only 2 of them were my fault and 3 of them have been deer.  The rest were other bad drivers hitting me) and my insurance rates have gone down.  I’m only 24 and have full insurance on my car (specifically because I seem to attract bad drivers) and I’ve had several claims, but my insurance hasn’t changed at all.  I get good driving rates all the time. Claim it through your insurance and let them pay for it.  That’s why you have insurance!

    Post # 26
    1049 posts
    Bumble bee
    • Wedding: June 2013

    I’m with everyone else – this is the reason you have insurance – use it!

    Post # 27
    144 posts
    Blushing bee
    • Wedding: March 2014

    If the accident was your fault, I say pay for it yourself. I got into a a minor fendor bender (my fault) that resulted in no damage to my car but about $1200 to the other person. That was 8 years ago. The points are still on my record and my monthly payments are higher because of it. I’ve already paid well over the original $1200 through my monthly payments since it happened.

    If you can afford it (even if it does suck to pay that much all at once) I would pay it yourself.

    HOWEVER, if the accident was not your fault, then I would go through insurance. No fault accidents rarely if ever result in points on your record – which is what drives the higher monthly costs.


    Post # 29
    120 posts
    Blushing bee
    • Wedding: May 2015


    View original reply
    @PinkStripes:  ITA with Nona99, this is what insurance is for. Also your broker friend is totally incorrect in stating that the insurance company could use the recording of your inquiry call to jack up your rates so do not be scared to have a conversation about it. 

    Also every adjuster I work with has negotiated down the initial price of repair. Repair shops may quote you some ridiculous number and the insurance co. can send somebody else out to get a true value of the repair.

    Post # 30
    4835 posts
    Honey bee
    • Wedding: April 2013

    If you don’t have the cash on hand, use your insurance.

    Also, in my area (may not be the same in yours) telling the insurance company about the accident and asking questions will not increase your rates, just actually making a claim.  I would imagine that your rates will go up, but I can’t imagine they’ll skyrocket for only $3500 in damage. 

    Post # 31
    9666 posts
    Buzzing Beekeeper
    • Wedding: March 2014 - Chicago, IL

    @PinkStripes:  This is why you have insurance 🙂 Otherwise, what’s the point of paying that premium to being with? Your insurance shouldn’t increase that much. My friend has totaled out 2 brand new cars and is on her third, and when she told me what her car insurance was per month I was astounded by how low it actually is!

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