When not to file an auto claim

if there is only one vehicel involved

When not to file an auto claim if there is only one vehicle involved? This question is asked for one of two reasons, the insured party is worry that their accident makes them look silly and the insurance company will jack up the price, or the damage is low enough that the insured party can pay for the damage out of their own pocket (and not have their rates go up). Either way, we will try to address the main concerns.

Usually one vehicle claims will be reported to underwriters to take into account when assessing the premiums the following policy period. The reason for that is because evidence of one person crashing their own car shows that that person is an inattentive driver.

Claims with one vehicle or one party will not necessarily increase your rates for you to not file a claim. Remember that you pay insurance so you can use when you need it. Most of the time, you want to file claims so the insurance company is aware of the problem, that way if the damage is more than expected, your duty to report losses is fulfilled.

However, there are certain claims you should really think about before filing (considering that the damage is minor). When not to file an auto claim when there is only one driver:

· * When you do not have coverage (why reported if they will not cover anyway)

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When the damage is very close or below your deductible

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When there is evidence that alcohol or drugs were a factor to the accident

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While your license was suspended

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When you teenager gets in an accident at excessive speeds

· * If the damage is completely mechanical (mechanical break down will be excluded).

· * If a police officer gives you a ticket

· * Extreme cases of negligence and lack of care (leaving your car in a ditch for 3 months)

· * Filling too many claims in a short period of time (3 claims in a month).

If your claim does not fit any of the descriptions above, then the question remains how much will the rates increase? Usually your rates will increase some, but it will only reflect in a few dollars per month. Do not be embarrassed or discourage to file a claim If your claim is “silly” and that the monthly premium will pay for the claim, often that is not the case. Claim like backing out and hitting something is more common than you think. Remember that your pay insurance to use it and insurance companies are aware of that. Put your insurance company to the test.

It is a good idea to ask your agent when not to file an auto claim. Agents will probably discourage you from filing claims (so their bonus does not go down), however, there are good agents out there that will truly tell you what they think is the best in your situation. Remember that the agent is not the insurance company. This is important because if you want to repot a claim, you must do it with the insurance company. Some agents will report losses in your behalf as a courtesy, but you can always ask them not to.

Note that the agent can only give you a reasonable answer regarding rates and based on that you can decide when not to file an auto claim, however, the agent assessment of coverage and fault.

When not to file an auto claim if there is more than one party