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Car Accidents Settlement

Getting Car Repair Costs From Auto Insurance Claims

After an auto accident, getting money from your car accidents settlement for your car repair costs depends on which insurance policy you decide to collect from.

Collecting Money From Car Accidents Settlement

The amount of money you can get for your accident settlement always depends on two things

  1. The type of insurance you and the other driver has

  2. How much the other driver was at fault for your car accident.

To collect money, there are 3 common policies you can file your auto accident settlements under:

  1. You can start an accident settlement against the other driver's Liability Insurance

  2. You can file an accident settlement under your own Collision Coverage. This pays you regardless of who was at fault for the accident

  3. If the other driver is not insured, you can file an accident settlement claim under your Uninsured Motorist Coverage.

Each one of these options has their own advantage and disadvantage. Let's take a look at how each of these options help you.

Car Accidents Settlement Against Another Driver's Liability Insurance

When you start an accident settlement claim against another driver's insurance company, it is called a Third Party Claim. The other driver and his or her car insurance company are considered the first two parties; you are the third party.

You should file a third party accident claim if you can show that the other driver was partly at fault for your car accident. Having pictures, witnesses and favorable police report are good sources to show who caused the accident. If the other driver's fault is clear, the settlement process is pretty straight forward.

(Read 5 Step Process of Car Repair Costs From Auto Accident Insurance Claim )

When Should You Not to Start Settlements Against Another Driver?

Getting money from another insurance company can be frustrating and time consuming. The other driver's insurance company uses several tactics to delay and lower your car accident settlements.

For example, they will try to place more blame on you for the accident and deny how badly your car was damaged. They will also delay your accident settlement so that you get frustrated and settle for whatever amount you can get. This amount usually ends up being hundreds and maybe thousands of dollars less than your actual car repair costs.

This is why people prefer to...

Filing Car Accidents Settlement Under Your Own Insurance Company

Collision Coverage:

If the other driver's insurance company is delaying your payments or you are unable to prove who was at fault for the accident, you can get money by filing under your own collision coverage.

The benefit of filing under your own collision coverage is that you will get money for your damage regardless of who was at fault. The process is also quicker and smoother because you are dealing with your own insurance company.

The drawback is that you will have to pay a high deductible ( my collision coverage deductible is $500) .

(Read How You Should Decide if Collision Coverage is Good for You )

Uninsured Motorist Coverage:

Uninsured Motorist Coverage pays you if you are in an accident where the other driver has no liability insurance to pay for your car damages.

To collect money, you still have to prove the driver was at fault for your accident. The amount of money you can collect will depend on the insurance company deciding how much the other driver was at fault

Example: Your damages are $5,000 after a car accident with an uninsured driver. Based on police reports, witnesses, photographs, the insurance company decides you were 10% responsible for the accident. Your final payment will be lowered by 10% to be $4,500.

Bottom Line

Once you understand what each of the auto insurance options are, you can then decide the cheapest and easiest way to get money from your car accidents settlement.


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