Car accidents: Should you file a claim?

Do you know what you should take into consideration?

Marie-Christine Daignault | Desjardins Group 

Let's say you're in a car accident and the damage is minor. Should you tell your insurer?

Whether or not your car is damaged, here are 2 good reasons for reporting accidents to your insurer.

1. It lets you tell your side of the story
If another vehicle is involved in the accident, the other driver might report it, even if you don't. The accident will then be entered in your province's central database of automobile claims (for example, in Quebec's "Fichier central des sinistres automobiles"), which could affect your file. 

2. You might need to pay for damaged property
If someone else's property is damaged in the accident (e.g., a fence or mailbox), you should report the accident even if your car isn't covered or is otherwise fine. The other person might ask for compensation to cover repairs to their damaged property. 

Is filing a claim worth it?
If only your vehicle is damaged--for example, after an attempted theft or accidentally broken window--you can choose to file a claim with your insurer or pay for the repairs yourself.

Here's what you should take into consideration:
  • The scope of the damage 
  • Your deductible amount
  • How the claim will affect your insurance premium
For example, if your deductible is $250, it's not worth filing a claim to fix something that costs $275.

Check your policy to see if damage to your vehicle is covered, or get in touch with your insurance agent. They'll help you make the right decision.

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