Need advice from auto ins experts. Is it ever a good idea to pay "Out of Pocket" rather th
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It was sleeting out and the car in front of me was stopped at a red light, and my breaks locked up and I hit him at 10/15mph. The car I hit had minor visible damage with only nick in the bumper's paint caused by my license plate. No damage to my car. The man who I hit was visibly mad, yelling expletives, telling me his wife and child were in the car... It was an accident, that's why they're called such. Police were not called and we exchanged info. I did call in the accident with my ins. co., but I explained that I prefer to handle this out of pocket if the other party is agreeable (don't want the rate hike). My Questions: 1.) Is this not a good idea, paying out of pocket? I would imagine there would be serious ramifications should anyone in the car I hit develop medical issues due to the accident. 2.) This is now my 2nd minor accident in my driving career (my 1st was 1.5 years ago). Would Allstate consider dropping me because these 2 accidents are so close to one another?
Need advice from auto ins experts. Is it ever a good idea to pay "Out of Pocket" rather than file a claim?Allstate's not gonna drop you. They will however code you at fault for the accident whether they pay anything out on the claim or not. Depending on your state will also determine if your rates rise. In CA if you're at faut but the property damage is less than $750 you generally don't see a rise in your rate.
However to answer your 1st question...it's NEVER a good idea to pay out of pocket for someone else's repairs if you have insurance.
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