Should I pay out of pocket for damage I caused?
Pay out of pocket for repair to another car or turn in to insurance company? 20 yr old female tapped a Lexus RX and put a scratch into bumper. I received a statement for repair of $566.00. Do I do insurance claim or pay out of pocket? First time with any claim. No tickets. police did not come to the scene.
I would not file a claim. Even if you have a $500 deductible, which is common, you would receive a $66 payout. For your state, Michigan, an at-fault accident would (which this would be considered as) raise your rates an average of 48%. If, however, another person caused these damages, you could file a claim under their insurance company. This would not affect your insurance premium. However, this is the only case where I would file a claim. Otherwise, I pay for the damage out of pocket yourself.