|
|
 |
 |
 |
 |
 |
In Reply to: To file or not to File... posted by DjC on August 25, 2003 at 14:52:06:
: I switched auto insurers 8 months ago as my provider was bought out. Previously, 1 accident and no tickets. 2 months later I hit a deer and caused $9k in car damages - the new insurance company was great/paid no problems. This weekend my trailer hitch popped while towing load of firewood and the auto shop says it will be $2k to fix the same car. I have a $500 deductible but worried that another claim will prompt new insurer to cancel me or raise my rates next year. Your expert opinions are welcomed - Thanks
-------------------------------------------------
$500.00 deductable=about $1,500 for ins. company.
If your rates do increase, at what point will you reach the $1,500 and then keep going past that? 2k is a flat fee, but how long will a rate increase keep hitting you? 3 years, 5 years? It may cost 2k to fix the car, but in the long term it may cost more. decisions,,decisions..Not to mention deminished value of the vehicle.
You may also want to check out www.choicetrust.com and look at what your claim history is. I don't know if insurers use these reports for auto business, but it's always a good idea to know what information companies have on you.
I know I probably gave you more questions than answers, but I'm sure you can get more information from some of the professionals.