A minor car accident can happen at any time. From small fender benders at stop signs to bumps in parking lots, the chances are high that at one point you will experience these small incidents.
However, these small incidents can cause a lot of stress in our lives.
You probably know what to do at a major car accident scene.
But what about when the accident is minor? Most people ask themselves questions like:
“Do I call the police?”
“Should I report this to my insurance company?”
“It’s not that much damage. Should I just drive away? “
In this article we’ll answer the 3 most common questions:
One thing that commonly happens in minor accidents is that the damage repair cost is lower than the insurance deductible. Often one driver prefers to pay out of pocket for damages instead of face the potential of increased premiums due to claims.
If this is the case not starting a claim can be logical. However, there are a variety of things that can happen. So, you need a carefully consider everything first.
If no one is hurt and damages are minor, you can make the decision to not involve either insurance company. If you come to an agreement with the other driver on doing this be sure to…
Perhaps you are the driver who would prefer to keep the insurance companies out of it. If this is the course you decide to take remember…
There is not really a consensus when it comes to answering this question. Ask one person and they’ll say it absolutely does every time, ask someone else and they may say no, or it depends.
We went straight to the horse's mouth.
According to Esurance : Many believe that any claim, even from a minor accident, will lead to an increased car insurance rate. But this belief is all fable and no substance.
According to Geico : Take a deep breath and relax. Filing a claim won't necessarily affect your premium.
But wait a minute you might be thinking…. these are insurance companies and of course they would say that. You may be right, and taking these statements as 100% fact is not advisable.
CBS News has cited a study  which found that that drivers who make just one claim end up paying an average of 41% more for car insurance -- so perhaps a distrust of those statements is valid.
This study was in relation to claims costing above $2,000, so keep this in mind before rushing to judgment in the other direction.
Though most minor car accidents don’t involve major personal injuries, they can be aggravating and cause unnecessary stress headaches.
You should now know how to document, assess and respond to the smalls accidents. We hope that you are now armed with a bit more information as to when (and when not) contacting the police or your insurance company is needed.
And perhaps most importantly of all you’ve got a better sense of premiums. The truth is no one can tell you precisely what will happen with your premiums, so take what we’ve said with a grain of salt and use your best judgement. Drive safe.
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