One month old EQS damaged, file a claim or pay out of pocket?

Ask the Hackrs Insurance
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21

I had somewhat similar damage to my one year old Lexus recently. Some idiot (ok, it was me) scraped the rear quarter and one door on a pole. When I obtained repair quotes, I told them I was paying cash, and was able to get a discounted estimate vs. going through insurance. I had used the repair facility for non-insurance repairs before, and they did a great job at about 40% less than estimates I received from other shops for an insurance covered repair.

22

Kinda defeats the purpose of getting a nice car, no?

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23

I had to replace a bumper on a Toyota last year. It was $3000. Your damage on a Mercedes will be waaaay more than $5k.

I don’t know if premiums will increase 30% just from this one claim. On average my policy has a claim every 2 years between my wife and I. Shit happens. That’s why you have insurance right?

Our premium is pretty reasonable and never had a massive increase over any one claim.

Also if a $1000 extra insurance is a freakout amount of money? Maybe don’t drive a $80k vehicle. Just saying…

24

Doesn’t matter. A claim is still a claim. I had this exact scenario, and was legit side swiped in the middle of the night. Hit and run.

As far as insurance was concerned it was an “accident” even though it obviously was out of my control.

25

I’m just offering another perspective. You know me, I get cars because of the low payment. Getting a nice car is a bonus for me:)

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26

if everyone thought like that, I think that’d help everyone get nice cars :laughing: the prices would have to be reduced

27

They wont/can’t terminate the policy until the renewal period (usually 6 months or a year).

Don’t pay out of pocket. This is going to be a minimum of $10k, with more on top of the original estimate when items break and a supplement is needed. Plus, filing a claim will get you in a rental car, as long as you have rental coverage.

Who knows. Could be nothing, could be a slight bump. Less than $10k, thats for sure.

I work in insurance claims, and repairs can take a long time and be very expensive. You are already paying the premium, just file the claim and let insurance deal with it.

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