When Should I File an Auto Insurance Claim?

Understanding the right moment to initiate an auto insurance claim can have significant implications for your financial stability and insurance premiums.

The first step in deciding whether to file an insurance claim is to thoroughly assess the situation, including the following:

• Severity of the accident—For minor accidents where damage is minimal or there was only one vehicle involved, you might choose to handle repairs out-of-pocket. However, if there is significant damage or injuries or if fault is disputed, it’s wise to file a claim and get insurers involved.

• Injury assessment—If anyone involved in the accident is injured, even if the injuries seem minor initially, it’s crucial to file a claim. Injuries can sometimes manifest symptoms later, and having insurance coverage for medical costs can be essential.

• Damage to property— If your vehicle or someone else’s property is significantly damaged, filing a claim may help cover repair or replacement costs. Consider the extent of the damage and whether it exceeds the deductible amount of your policy.

Understanding Your Deductible

Your insurance deductible is the amount you’ll pay out-of-pocket before your insurance covers the remaining costs.

If the repair costs are close to or less than your deductible, it might make more sense to pay for the repairs yourself rather than filing a claim. Frequent claims can lead to higher premiums. Weigh the immediate cost of repairs against potential long-term increases in your insurance rates.

Consult Your Agent About Filing an Auto Insurance Claim

Your agent can help determine whether it makes sense to file an insurance claim in situations where there are no injuries and damage is minimal. They can help you understand how a claim might affect your premiums and overall coverage.

Contact Us

Contact Thornburg Insurance Agency in Huntington, West Virginia to learn more about filing car insurance claims and get a personalized auto insurance quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.