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Started By
Message
OT Car Insurance experts - ? for you
Posted on 6/17/15 at 2:55 pm
Posted on 6/17/15 at 2:55 pm
Friend asked me this and I don't know. Help appreciated.
His 16 year old daughter (no pics you pedos) wrecks her POS first car into a (of course) brand new Lexus. 16 year olds fault.
The Lexus will obviously be getting repaired but the question is this:
His car is a beater that he can probably patch up on his own. Will not claiming repairs on his car help when it comes time to renew his insurance? He expects a rate bump but wants to minimize it obviously.
His 16 year old daughter (no pics you pedos) wrecks her POS first car into a (of course) brand new Lexus. 16 year olds fault.
The Lexus will obviously be getting repaired but the question is this:
His car is a beater that he can probably patch up on his own. Will not claiming repairs on his car help when it comes time to renew his insurance? He expects a rate bump but wants to minimize it obviously.
18
Posted on 6/17/15 at 2:56 pm to jbgleason
Q: Can insurance frick you?
A: Always
thread/
A: Always
thread/
Posted on 6/17/15 at 2:57 pm to jbgleason
I wouldn't think it would matter. The fact is that there is an accident on record. Amount of damage isn't all that important, if I'm not mistaken.
Posted on 6/17/15 at 2:59 pm to jbgleason
quote:
His car is a beater that he can probably patch up on his own. Will not claiming repairs on his car help when it comes time to renew his insurance? He expects a rate bump but wants to minimize it obviously.
Completely arbitrary. He's going to take a big hit for the Lexus. He's probably better off claiming it since he'll be getting butt-raped for the next 8 years regardless.
Posted on 6/17/15 at 2:59 pm to jbgleason
It doesn't matter.. Incident has been recorded it's on her record regardless of how her car gets fixed or not
This post was edited on 6/17/15 at 3:05 pm
Posted on 6/17/15 at 3:00 pm to jbgleason
quote:
16 year old daughter
His real problem is that he is personally liable for her torts until she is 18. I hope he has some high limits.
eg. Lexus totalled, he has $15K PD limits: he is personally liable for the rest.
Posted on 6/17/15 at 3:03 pm to jbgleason
I lose all sympathy for him for giving a 16 year old a brand new Lexus 
Posted on 6/17/15 at 3:11 pm to wildtigercat93
quote:The 16 yrs old was driving the POS and wrecked into a Lexus.
I lose all sympathy for him for giving a 16 year old a brand new Lexus
This post was edited on 6/17/15 at 3:12 pm
Posted on 6/17/15 at 3:12 pm to wildtigercat93
quote:
lose all sympathy for him for giving a 16 year old a brand new Lexus
Reread the post
Posted on 6/17/15 at 3:12 pm to arowana
The lack of reading comprehension here never ceases to amaze...
Posted on 6/17/15 at 3:15 pm to Mung
I'm thinking he is smarter than some bullshite Go Auto minimum policy.
Posted on 6/17/15 at 3:16 pm to terd ferguson
quote:
The lack of reading comprehension here never ceases to amaze...
Well it is an LSU fan board so.....
Posted on 6/17/15 at 3:17 pm to terd ferguson
I don't know why people with bad reading comprehension amaze you. It's not hard to read something wrong.
Posted on 6/17/15 at 3:18 pm to jbgleason
At fault accident with a 16 yr old driver he can expect a hefty rate bump, Not claiming the repairs might save him a little but I doubt it
Posted on 6/17/15 at 3:19 pm to jbgleason
But to answer the question, I'm an agent and it all depends on his deductible. If he's got a $1,000 deductible, and he can get it fixed for less than that, then get it fixed. If it'll cost more, then file the claim and have the insurance take care of it.
Posted on 6/17/15 at 3:19 pm to jbgleason
quote:
His 16 year old daughter (no pics you pedos) wrecks her POS first car into a (of course) brand new Lexus
damn......now his premium will sky rocket.
Posted on 6/17/15 at 3:20 pm to jbgleason
Whether he patches up the beater or not will not really matter from a rate increase standpoint. The threshold for most insurance companies to validate a rate increase, as approved by the Dept of Insurance, for an incident is $ 750 paid, regardless of where it is paid.
Posted on 6/17/15 at 3:23 pm to jbgleason
Five years ago my wife's insurance was over 600$ per month on a sub 20k car.
With no accidents for her in the last 3 years, both of ours is under 240$ per month.
It doesn't take as long to disappear as people say. The rate hit won't be more than 30 or 40 bucks a month most likely.
Edit... Had water on the screen and it didnt take the zeroes.
With no accidents for her in the last 3 years, both of ours is under 240$ per month.
It doesn't take as long to disappear as people say. The rate hit won't be more than 30 or 40 bucks a month most likely.
Edit... Had water on the screen and it didnt take the zeroes.
This post was edited on 6/17/15 at 3:26 pm
Posted on 6/17/15 at 3:27 pm to wildtigercat93
quote:You can't read.
I lose all sympathy for him for giving a 16 year old a brand new Lexus
Posted on 6/17/15 at 3:27 pm to jbgleason
It doesn't matter what he does - as long as an at-fault claim is made on his policy (16yo daughter), it's done. There will be a rate increase or possibly a cancellation (cancellation only if it's a shitty low-priced company). Unless he has an accident forgiveness provision on his policy.
He can't do anything to minimize the increase.
He can't do anything to minimize the increase.
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