If my car has $780 worth of damages and my insurance company gives me $1000 deductible, is it worth it to get it fixed?
- EdnaLv 74 weeks agoFavorite Answer
Your insurance company isn't giving you a $1000 deductible. They're taking $1000 off the cost of repairing the damage.
The $1000 deductible is the amount you chose in order to lower the cost of your insurance. This means that, in any accident, you will have to pay the first $1000 out of your own pocket to repair any damages. In your case, there's only $780 worth of damages but your deductible is $1000. The deductible exceeds the cost of repairs, so there's no point in even filing a claim.
People go with $1000 - $2000 deductibles in order to lower their insurance premiums a few dollars; then they have an accident and find out that they don't have $1000 lying around in their wallet. You might want to consider lowering your deductible to, for instance, $500. Your premiums might be slightly higher; but, if you had had a $500 deductible, your insurance company would have paid you $280 to repair your damages.
- zipperLv 63 weeks ago
That is up to you, how much is the vehicle worth, how much you like it, and can you drive it as is! This is how you decide this point!
- CactiJoeLv 64 weeks ago
You pay out of pocket for any damage estimate less than your deductible.
- Trump 2020Lv 74 weeks ago
Wow, are you a rookie driver, with two accidents? Well, a '13 vehicle isn't that old, so it's probably worth repairing it IMO, unless it's a known POS like a PT Cruiser or something like that.
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- regeruggedLv 74 weeks ago
Yes. That amount is not much damage.
- JetDocLv 74 weeks ago
Your insurance company didn't GIVE you $1000 deductible, little Snowflake. That's the option that you CHOSE to keep the cost of your insurance down. Now that you NEED insurance to help pay for repairs, YOU are going to have to pay the first $1000 of ANY repair bills before your insurance company steps in to cover the rest of the cost.
If the TOTAL repair estimate is less than $1000, you might as well not get the insurance company involved at all.
- PoppyLv 74 weeks ago
You chose that deductible, not them. That said, it’s your choice to fix or not.
- Coffee DrinkerLv 74 weeks ago
Per your comment, the car is worth roughly $3,000 - if it was fixed. So yes, its worth finding some way to cover the $780 repair.
You mention that it was a broken window - which obviously you'd need to fix for the car to be reasonably functional - you can't exactly drive around on a cold rainy day with no window. But think about skipping other repairs - for example if there's a dent or scratch included in that price, ask the shop how much it would be to JUST fix the window. You can live with a dent/scratch or other minor cosmetic issues on a $3000 car.
Also, if the car was broken into then its not your collision coverage, it should be your comprehensive. You might have a lower deductible - some policies have a flat $100 deductible for glass repair if that's the only thing that needs to be fixed. So call your insurance company and double check your coverage. But yeah if it really is $1000 deductible then its not worth filing a claim.
- EvaLv 74 weeks ago
You wouldn't turn in a claim on anything that's smaller than your deductible. They wouldn't pay you anything and it would make your rates go up.
- ANDRE LLv 74 weeks ago
If you have a $1,000 deductible, that means that the FIRST $1,000 of any repair cost will come out of your pocket, before the insurance pays any money.
That means that it is utterly pointless to report any damage to them that will cost less than $1,000 to fix, because that means they will NOT pay out a dime.
As to whether a car with $780 of damage is worth fixing, well, if the car in running condition would be worth more than $780, then the answer to that is yes.
And, no one with a working brain pays for collision coverage with a $1,000 deductible when the car itself in good shape is worth LESS than that.
- .Lv 74 weeks ago
Of course not. Filing an insurance claim raises your rates for at least three years. It would be best to pay for the repairs yourself. Shop around for estimates and tell the body shops that you will be paying cash.