Insurance question

ManMachine · 03-16-2009, 04:12 PM

I backed my car into a post in the parking lot. If I file insurance claims, will that increase my insurance premium?

Just wonder what you all have for collision deductible. I have $1,000, and the damage is just a couple of hundred dollars above that. Should I just deal this on my own?

Thanks.

methodtim · 03-16-2009, 04:13 PM

Yes, it will increase your premiums for next year and beyond.

If the damage is just a shade above your deductible, it makes sense to just deal with it on your own.

Did you really need us to tell you this?

mike-y · 03-16-2009, 04:16 PM

not sure if that classifies as a moving violation (which usually causes a premium increase). but if its only a couple hundred above your deductible, I'd just skip the insurance all together, and save it for when you really need to claim something (since claim frequency can be used to adjust rates).

But you can always call your insurance agent and ask them.

ManMachine · 03-16-2009, 04:21 PM

It's always good to hear others' thoughts. In my life I've made quite a few mistakes without consulting with others.

Also - curious what deductible level do you all use?

methodtim · 03-16-2009, 04:23 PM

Quote:

Originally Posted by ManMachine

It's always good to hear others' thoughts. In my life I've made quite a few mistakes without consulting with others.

Also - curious what deductible level do you all use?

That's a good point.

$500 for deductible here.

Bobble · 03-16-2009, 04:27 PM

Was the post just part of the lot or part of a building? I just saw a case where some poor girl came home after dinner hit a post at her apartment building. Someone called the cops on her, they smelled alcohol, she got a DUI, insurance company cancelled her etc.. What a shitty night out that was. If it's close to deductible just shell out yourself and donot involve insurance company, my deductible is $500.

ManMachine · 03-16-2009, 04:33 PM

Wow, that's quite something.

Anyway, my story is that I was in a hurry to go home from work, and since I parked at a different spot from where I usually park (I forgot about this fact when I pulled out), I hit the post right next to the car. Anyway, 1 second of inattention could be worse if on a road way.

Weaselboy · 03-16-2009, 04:34 PM

$1,000 deductible here. Saves on the premium by having higher deductibles.

methodtim · 03-16-2009, 04:36 PM

Quote:

Originally Posted by ManMachine

Wow, that's quite something.

Anyway, my story is that I was in a hurry to go home from work, and since I parked at a different spot from where I usually park (I forgot about this fact when I pulled out), I hit the post right next to the car. Anyway, 1 second of inattention could be worse if on a road way.

I've done this before. It's quite a nauseating feeling when you hit that post. Thankfully, I did this many years ago and it was a Toyota Cressida and not a bimmer.

BK · 03-16-2009, 04:58 PM

$250 deductible here.

Orient330iNYC · 03-16-2009, 05:16 PM

Quote:

Originally Posted by ManMachine

I backed my car into a post in the parking lot. If I file insurance claims, will that increase my insurance premium?

Just wonder what you all have for collision deductible. I have $1,000, and the damage is just a couple of hundred dollars above that. Should I just deal this on my own?

Thanks.

this would fall under collision, not comprehensive since you struck the post. it'll raise your premiums, i would just pay it on my own since its so close to the deductible

ultimate · 03-16-2009, 05:24 PM

dang. post pics. was the damage that bad? a grand for hitting a post seems like a lot.

Quasimodem · 03-16-2009, 06:01 PM

Quote:

Originally Posted by ultimate

dang. post pics. was the damage that bad? a grand for hitting a post seems like a lot.

It's the economy. Darn those posts are gettin expensive.

shift330 · 03-16-2009, 06:51 PM

Duct tape it

$500 deductible per car for me but thinking of going to $1000

togatown · 03-16-2009, 07:34 PM

The threshold for a chargeable collision loss is usually $ 1000. Some companies offer accident forgiveness but they charge you more up front for it and some companies will forgive one anyway if you have been with them for a while.

If you compare, you will probably find there is not a huge savings in going from $ 500 to $ 1000 deductible on either collision or comp coverage.

fwmcb · 03-16-2009, 07:39 PM

Quote:

Originally Posted by Orient330iNYC

this would fall under collision, not comprehensive since you struck the post. it'll raise your premiums, i would just pay it on my own since its so close to the deductible

Lol... but according to my ex gf, the post she hit "jumped" in front of my Corvette when she struck it...

togatown · 03-16-2009, 07:42 PM

Just remember one thing, DO NOT SWERVE, make sure you hit the deer, that way it falls under comp and not collision! Only swerve if it is a moose or that will kill your car and probably you too.

bmw-hoya · 03-16-2009, 08:39 PM

Quote:

Originally Posted by Weaselboy

$1,000 deductible here. Saves on the premium by having higher deductibles.

Same here (and same rationale).

Z22Z · 03-16-2009, 08:45 PM

do it yourself. if your insurance company will forgive one accident, do you really want to waste it on this? btw i have a $1000 deductible and it sucks ass for small things.

StoneCold · 03-16-2009, 08:56 PM

Quote:

Originally Posted by Weaselboy

$1,000 deductible here. Saves on the premium by having higher deductibles.

+1. I'm having $500 for deductible for now and thinking of increase that to lower mine premium as well.

ElRedOne · 03-16-2009, 09:02 PM

Insurance is for catastrophic occurences, this isn't one. Keep it to yourself.

montreal red · 03-16-2009, 09:16 PM

dont claim it.... its not worth while to do so if its only a few hundred dollars above your deductible

03-16-2009, 04:12 PM	#1
ManMachine Lieutenant 29 Rep 484 Posts Drives: E60 528 Join Date: Jan 2008 Location: Pacific Northwest iTrader: (0)	Insurance question - hit a post I backed my car into a post in the parking lot. If I file insurance claims, will that increase my insurance premium? Just wonder what you all have for collision deductible. I have $1,000, and the damage is just a couple of hundred dollars above that. Should I just deal this on my own? Thanks. __________________ E60 528
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03-16-2009, 04:13 PM	#2
methodtim Brigadier General 374 Rep 3,883 Posts Drives: Audi RS Q8 Join Date: Mar 2007 Location: Darkness there, and nothing more iTrader: (0) Garage List 2021 Audi RS Q8 [0.00] 2021 BMW X3 M40i [0.00] 2017 Toyota Tacoma [0.00]	Yes, it will increase your premiums for next year and beyond. If the damage is just a shade above your deductible, it makes sense to just deal with it on your own. Did you really need us to tell you this? __________________
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03-16-2009, 04:16 PM	#3
mike-y just another bmw douche bag 195 Rep 3,640 Posts Drives: 1.9L of fury Join Date: Nov 2008 Location: Los Angeles, CA iTrader: (4)	not sure if that classifies as a moving violation (which usually causes a premium increase). but if its only a couple hundred above your deductible, I'd just skip the insurance all together, and save it for when you really need to claim something (since claim frequency can be used to adjust rates). But you can always call your insurance agent and ask them.
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03-16-2009, 04:21 PM	#4
ManMachine Lieutenant 29 Rep 484 Posts Drives: E60 528 Join Date: Jan 2008 Location: Pacific Northwest iTrader: (0)	It's always good to hear others' thoughts. In my life I've made quite a few mistakes without consulting with others. Also - curious what deductible level do you all use? __________________ E60 528
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03-16-2009, 04:27 PM	#6
Bobble Major 56 Rep 1,232 Posts Drives: Whatever POS the wife leaves Join Date: Oct 2008 Location: SoCal iTrader: (1)	Was the post just part of the lot or part of a building? I just saw a case where some poor girl came home after dinner hit a post at her apartment building. Someone called the cops on her, they smelled alcohol, she got a DUI, insurance company cancelled her etc.. What a shitty night out that was. If it's close to deductible just shell out yourself and donot involve insurance company, my deductible is $500.
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03-16-2009, 04:33 PM	#7
ManMachine Lieutenant 29 Rep 484 Posts Drives: E60 528 Join Date: Jan 2008 Location: Pacific Northwest iTrader: (0)	Wow, that's quite something. Anyway, my story is that I was in a hurry to go home from work, and since I parked at a different spot from where I usually park (I forgot about this fact when I pulled out), I hit the post right next to the car. Anyway, 1 second of inattention could be worse if on a road way. __________________ E60 528
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03-16-2009, 04:34 PM	#8
Weaselboy Major 76 Rep 1,292 Posts Drives: 2024 M340i Join Date: Jun 2005 Location: California iTrader: (0)	$1,000 deductible here. Saves on the premium by having higher deductibles.
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03-16-2009, 04:58 PM	#10
BK Smiling politely 165 Rep 7,931 Posts Drives: 330i Join Date: Feb 2006 Location: Washington DC iTrader: (0) Garage List 2006 330i [9.00]	$250 deductible here. __________________ E90 330i Black Sapphire 6MT \| 991.1 C4 Platinum Silver 7MT
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03-16-2009, 05:24 PM	#12
ultimate Lieutenant Colonel 61 Rep 1,792 Posts Drives: E92 Join Date: Sep 2008 Location: Chicago, IL iTrader: (0)	dang. post pics. was the damage that bad? a grand for hitting a post seems like a lot.
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03-16-2009, 06:51 PM	#14
shift330 Blue Force Tracker 124 Rep 1,372 Posts Drives: 2010 Hyundai Genesis Coupe Join Date: Feb 2008 Location: Sierra Vista, AZ iTrader: (6) Garage List 2006 330i [0.00]	Duct tape it $500 deductible per car for me but thinking of going to $1000 __________________ Stay safe 855th MP Company! Hosmer/Espinoza you're my boys!!
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03-16-2009, 07:34 PM	#15
togatown Private First Class 3 Rep 102 Posts Drives: 2011 Audi S4 Join Date: Feb 2009 Location: Torrington, CT/Saratoga, NY iTrader: (1)	The threshold for a chargeable collision loss is usually $ 1000. Some companies offer accident forgiveness but they charge you more up front for it and some companies will forgive one anyway if you have been with them for a while. If you compare, you will probably find there is not a huge savings in going from $ 500 to $ 1000 deductible on either collision or comp coverage.
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03-16-2009, 07:42 PM	#17
togatown Private First Class 3 Rep 102 Posts Drives: 2011 Audi S4 Join Date: Feb 2009 Location: Torrington, CT/Saratoga, NY iTrader: (1)	Just remember one thing, DO NOT SWERVE, make sure you hit the deer, that way it falls under comp and not collision! Only swerve if it is a moose or that will kill your car and probably you too.
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03-16-2009, 08:45 PM	#19
Z22Z Lieutenant 33 Rep 536 Posts Drives: WRX Join Date: Dec 2008 Location: Glendale, CA iTrader: (0)	do it yourself. if your insurance company will forgive one accident, do you really want to waste it on this? btw i have a $1000 deductible and it sucks ass for small things.
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03-16-2009, 09:02 PM	#21
ElRedOne First Lieutenant 3 Rep 303 Posts Drives: '06 330xi, '06 Z4M Join Date: Oct 2007 Location: PA iTrader: (0)	Insurance is for catastrophic occurences, this isn't one. Keep it to yourself. __________________ ElRedOne 330 xi Electric Red/Beige Step-Premium-Sport-CW-CA-PDC-Shade Z4MR Interlagos/Black
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03-16-2009, 09:16 PM	#22
montreal red chris 278 Rep 12,144 Posts Drives: White Boat Join Date: Jun 2007 Location: Toronto iTrader: (31)	dont claim it.... its not worth while to do so if its only a few hundred dollars above your deductible __________________ Current: 2013 F10 M5 & 2016 Mini JCW 2013 GLK350 (gone), 997.1 GT3RS (gone), 2009 WRX STI (gone), e92 M3 (gone)
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