Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Fender Bender - What Would You Do?
Old 02-06-2014, 06:04 PM   #1
Recycles dryer sheets
Pleeplus's Avatar
 
Join Date: Jul 2013
Location: Mars
Posts: 135
Fender Bender - What Would You Do?

I was driving in to work this morning on the mean streets of South Western PA when the guy in front of me decided to stop and rubber neck at the accident across the interstate and..... well apparently my car does not stop as quickly as his. Long story short, even though his rear bumper was lacking the ground clearance it had just previously had he was not interested in collecting my insurance information (I offered twice). Not that I complaining!

Anyway, my car now has some cosmetic bumper damage (a small hole and cracked and peeling paint), its pushed in a smidge which caused some small damage in the form of missing paint to the base of the hood. My car is a paid for 2007 Accord with 60K miles and my goal is to make it last 10 more years. From doing some quick research it looks like it will cost around $1500 to get it repaired correctly. My current deductible is $500 and I have a clean record and have never filed a claim.

At the present time due to the harsh winters, future rust problems and to enhance the chance of hitting my 10 year goal I am leaning towards getting it repaired. Does anyone know if filing one claim will cause an insurance premium to increase and if so any idea on percentage? Also, because I love to hear the input from the forum...... What would you do? Would you get it repaired? Would you choose another option that I didn't think of?
__________________

__________________
Pleeplus is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 02-06-2014, 06:16 PM   #2
Thinks s/he gets paid by the post
 
Join Date: Apr 2005
Location: Midwest
Posts: 1,564
Similar thing happened to me only mine was hit in a parking lot at night so there was no "Other Driver" to deal with. My car was 6 yrs old at the time. I filed, the insurance paid, and there was *NO* increase in premiums. They did require that I file a police report before they got involved.

Here's the ointmental fly as I see it. To wit: As I was asleep in the apartment when it was hit I was considered a victim. In your case you were driving. I was always told that if there is ever a rear-ender accident it's always considered the fault of the guy back. Following too closely. Going too fast. And I am inferring there is no police report here. I can't say how your company will handle it. Mine wanted a police report. This might be a rock you don't want to turn over

I eventually got 20 years out of my car though.
__________________

__________________
razztazz is offline   Reply With Quote
Old 02-06-2014, 06:23 PM   #3
Thinks s/he gets paid by the post
 
Join Date: Oct 2012
Location: Colorado Mountains
Posts: 2,134
Quote:
Originally Posted by razztazz View Post
Similar thing happened to me only mine was hit in a parking lot at night so there was no "Other Driver" to deal with. My car was 6 yrs old at the time. I filed, the insurance paid, and there was *NO* increase in premiums. They did require that I file a police report before they got involved.

Here's the ointmental fly as I see it. To wit: As I was asleep in the apartment when it was hit I was considered a victim. In your case you were driving. I was always told that if there is ever a rear-ender accident it's always considered the fault of the guy back. Following too closely. Going too fast. And I am inferring there is no police report here. I can't say how your company will handle it. Mine wanted a police report. This might be a rock you don't want to turn over

I eventually got 20 years out of my car though.
+1
You're likely to get a ticket for your trouble.
__________________
Hermit is offline   Reply With Quote
Old 02-06-2014, 06:26 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 9,874
I'd take it to a body shop, tell them it is a cash deal (no insurance involved) and that you only want it fixed enough to make it last, not be cosmetically perfect. See what they recommend.
__________________
Yes, I have achieved work / life balance.
travelover is offline   Reply With Quote
Old 02-06-2014, 06:33 PM   #5
Full time employment: Posting here.
HawkeyeNFO's Avatar
 
Join Date: Jan 2010
Location: Inside the Beltway
Posts: 573
This is what the junkyard is for. Go find yourself a part from someone else's junked car, and then put that on yourself, or find someone else to do it. Either way, you save big $$$.
__________________
HawkeyeNFO is offline   Reply With Quote
Old 02-06-2014, 06:37 PM   #6
Thinks s/he gets paid by the post
steelyman's Avatar
 
Join Date: Feb 2011
Location: Triangle
Posts: 3,218
2009 was a bad year for me, accident-wise. During a blizzard, I was trying to leave the garage at work and some guy skidded into my car (I was stopped). We exchanged insurance info and they interviewed me (his company, Ameriprise) over the phone. It turned out he'd bent the subframe (not good) which was eventually replaced and paid for in full.

Then some fool in a pickup sideswiped my car while parallel parked, messed up the whole drivers side and just took off. My company (Amica) took care of the body work and my premium stayed the same.

I still have that SUV and am glad I got the repairs. But I thought I was jinxed for a while there. No problems since.
__________________

steelyman is offline   Reply With Quote
Old 02-06-2014, 07:11 PM   #7
Thinks s/he gets paid by the post
Nodak's Avatar
 
Join Date: Feb 2010
Location: Cavalier
Posts: 2,317
My 2007 Lincoln MKX was T-boned in late October. The insurance company (State Farm) totaled the car and payed off within 2 days and I purchased another 2007 MKX. I hadn't had anything other than a busted windshield claim in the last 20 years. Just got the next bill in the mail yesterday and there was no increase in premium.
__________________
"Don't take life so serious, son. It ain't nohow permanent." Pogo Possum (Walt Kelly)
Nodak is offline   Reply With Quote
Old 02-06-2014, 07:37 PM   #8
Thinks s/he gets paid by the post
 
Join Date: Nov 2006
Posts: 2,268
There's a good chance that if the insurance company pays a claim based on something that was your fault, they are going to raise your rates.
__________________
utrecht is offline   Reply With Quote
Old 02-06-2014, 07:39 PM   #9
Thinks s/he gets paid by the post
 
Join Date: Jan 2014
Posts: 1,317
Agree with Travelover and Hawkeye. Try both of those options. Also check out Blue Book to see what your car is worth and if it's worth getting $1500 in cosmetic repairs.
__________________
splitwdw is offline   Reply With Quote
Old 02-06-2014, 07:45 PM   #10
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Apr 2013
Posts: 5,562
I think Hogan and company had your answer:


MRG
__________________
MRG is offline   Reply With Quote
Old 02-06-2014, 07:48 PM   #11
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2006
Posts: 11,017
I was hit from the side on a very icy street in 1996 when my Honda Accord was only 6 months old. I was stationary at the time. We both had the same provincial insurance and the costs were allocated to the other guy's insurance. I kept the car another 17.5 years.

I think you should count yourself lucky it wasn't worse and I suggest you get it repaired as economically as possible without involving insurance. There us still a possibility that you might get dinged for the damage to the other car.
__________________
Meadbh is offline   Reply With Quote
Fender Bender - What Would You Do?
Old 02-06-2014, 07:51 PM   #12
Moderator Emeritus
Bestwifeever's Avatar
 
Join Date: Sep 2007
Posts: 16,372
Fender Bender - What Would You Do?

DH backed into a black, very low to the ground, foreign parked car last year and it was quite an expensive repair of body work that our insurance covered. He also put in a claim on our SUV's dinged bumper for $120 after deductible (I would have just paid this but oh well). These were our first claims in 15 years (DS had a little incident right after getting his license). Our annual premium just increased $5.
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
Bestwifeever is offline   Reply With Quote
Old 02-06-2014, 08:06 PM   #13
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
HFWR's Avatar
 
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 12,964
Plug in!
ImageUploadedByEarly Retirement Forum1391738801.517195.jpg
__________________
Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote
Old 02-06-2014, 08:21 PM   #14
Recycles dryer sheets
Pleeplus's Avatar
 
Join Date: Jul 2013
Location: Mars
Posts: 135
.....Love the Hogan's Hero's reference!

Also glad to hear that your insurance did not go up much if at all for filing a claim, in the event I have to go down that road.

Ok, so you guys had me worried about the whole ticket thing so I called my BIL who is a police officer in DE and he said that I will not get a ticket for this as it is too late and the other driver is out of the picture. I don't think I have to worry about the driver as it was still dark, on a major interstate during rush hour traffic and he didn't even look up at my car. BIL actually thinks he was either driving on a suspended license or did not have any insurance causing him to leave the scene so quickly.

So the recommendation coming from my BIL is to call the insurance in the morning. Let them know what happened and give them a heads up that I am going to take it for an estimate . If the estimate is high enough I may be contacting them to file a claim. I will then take it in to the local body shop and see what the costs are going to be to get it fixed and make my decision on next steps from there.....

I will keep you guys posted and thanks for the insights.
__________________
Pleeplus is offline   Reply With Quote
Old 02-06-2014, 11:57 PM   #15
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 16,407
Makes sense to me.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
pb4uski is offline   Reply With Quote
Old 02-07-2014, 06:06 AM   #16
Thinks s/he gets paid by the post
Brett_Cameron's Avatar
 
Join Date: May 2011
Location: South Eastern USA
Posts: 1,010
I would not get it repaired.
__________________
All that glitters is not gold. -G. Chaucer, W. Shakespeare
All that is gold does not glitter. -J.R.R. Tolkien
Brett_Cameron is offline   Reply With Quote
Old 02-07-2014, 06:55 AM   #17
Thinks s/he gets paid by the post
 
Join Date: Feb 2007
Posts: 2,423
Maybe go for the estimate first, then decide about contacting the insurance company. I had an incident where I called our homeowners insurance company to notify them.. When I actually had the repair done the cost was under my deductible so I called and told them that I wasn't going to file a claim after all. Because I reported it, it counted as a claim even though I never filed and it cost them nothing.

This was a car vs. garage door incident where our homeowners and auto insurance were with the same company.
__________________
Married, both 62. DH retired June, 2010. I have a pleasant little part time job.
Sue J is offline   Reply With Quote
Old 02-07-2014, 07:47 AM   #18
Moderator
Walt34's Avatar
 
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 16,501
Quote:
Originally Posted by Pleeplus View Post
BIL actually thinks he was either driving on a suspended license or did not have any insurance causing him to leave the scene so quickly.
That would be my guess too. I also doubt you'd get a ticket since there is no witness. If an officer did issue a ticket, go to court, plead "not guilty" and remain silent. Since there is no witness and no evidence to present the judge will dismiss it.

Re filing the claim it seems to be a roll of the dice if your premiums will increase.
__________________
I heard the call to do nothing. So I answered it.
Walt34 is offline   Reply With Quote
Future Liability
Old 02-07-2014, 07:47 AM   #19
Dryer sheet wannabe
 
Join Date: Feb 2014
Posts: 24
Future Liability

Any chance the driver you hit did get your information? License number? I'm always concerned that some kind of neck problem, long-term rehab, etc. will surface and you have no insurance protection.
__________________
Empresario is offline   Reply With Quote
Old 02-07-2014, 08:07 AM   #20
Recycles dryer sheets
Pleeplus's Avatar
 
Join Date: Jul 2013
Location: Mars
Posts: 135
Quote:
Originally Posted by Sue J View Post
Maybe go for the estimate first, then decide about contacting the insurance company. I had an incident where I called our homeowners insurance company for an incident. When I actually had the repair done the cost was under my deductible so I called and told them that I wasn't going to file a claim after all. Because I reported it, it counted as a claim even though I never filed and it cost them nothing.

Good to know Sue J - I think I will go to the body ship first and then decide if I need to call the insurance company.
__________________

__________________
Pleeplus is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Would you live in a place you didn't like if it meant you could FIRE? Kathryn48 Life after FIRE 66 07-18-2008 01:58 PM
Who would you want to play you in a movie about your life? Mr._johngalt Other topics 11 10-16-2006 04:07 AM
If you HAD to invest 40k, what would you do? thefed FIRE and Money 17 05-10-2006 07:23 AM
if all you had was 10,000 dollars. *how would you zuki FIRE and Money 7 02-18-2005 11:07 AM
The one thing you would like to do before you Die? Cut-Throat Other topics 7 11-05-2004 02:00 PM

 

 
All times are GMT -6. The time now is 04:29 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.