You might be driving and mistakenly bump into a pole. It can happen to anyone, but the damage your vehicle suffered is little or not so bad, and you are confused about whether you should call the insurance company or not.
It is one question countless drivers face every day, and the truth is the answer isn’t as straightforward as most people think it is. It is why we have decided to bring you this article on the at-fault driver who wants to pay out of his pocket, so read and get as much information as possible.
There are accidents where it is beneficial and okay to pay for damages out of your own pocket or even bother calling your insurance company to tell them you have been involved in a car crash. However, there are also certain nuances that every driver should be aware of.
You should also tell the kind of accidents where it is okay for you to pay out of your pocket and situations where it isn’t beneficial for you to consider paying for damages out of your pocket.
At-Fault Driver Wants To Pay Out Of His Pocket
Filing for too many claims is one of the surest ways. It can force your insurance rates to rise, and it can end up costing you thousands and hundreds over the coming years. What we want you to have at the back of your mind are two scenarios where you should carefully consider if it is a wise decision for you to call your insurance company and report that you have been involved in a car accident;
- A minor accident involving two cars
- A single car inexpensive car accident
In the case of an inexpensive car accident, you might have been involved in a car accident where there is very little to fix relating to damages. However, any damage inflicted on your own car through your own hands is usually covered using comprehensive or collision coverage, and both of these covers come with deductibles.
If you suffered an injury in this kind of accident and can afford your medical bills out of your pocket, then there is really no need for you to report it.
The case of a minor accident that involves two cars is where two drivers are involved in an accident, but none is badly injured, or the damage they both suffer is very minimal. Both drivers in this picture might agree not to reach out to their insurance companies.
Sometimes, this situation is a bit complex because of the other driver involved, so make sure it should be with someone you can trust when doing this. It is essential because the other driver might turn against you and report the accident to his insurer.
You could end up finding yourself in a messy situation if the other driver turns on you and gets his insurance company behind him while you are left on your own.
Types Of Accidents You Should Report Immediately It Happens
Some accidents happen, and no matter what, you must get a call across to your insurance company immediately. Such accidents would involve;
- Very costly accidents
- Someone is badly injured
If a driver involved in an accident with you gets injured, and this doesn’t matter if the injury is minimal or great, It should report the accident at once. No matter anywhere you go, medical bills are always expensive, and drivers must check themselves out at the clinic after being involved in a car accident.
The damage is always large when the accident in question is a multi-one, and such accidents need to be reported. The truth is in accidents like this, even though no one suffers a serious injury, someone might want to get compensation from you, so this is also another reason why reporting this sort of accident is essential.
It is very beneficial if you have your insurance company on your side, and it is also clear that your insurer would not want to pay heavily for compensation. Instead, they will opt to make use of their resources fight and cut down on your exposure.