Excite Autos
Advertisement
Autos Home Buy/Sell Research Insurance Car Care

2TORIAL
Learn2 Deal with a Fender Bender (continued)
Step 4: Consider your deductible

Your deductible is the amount you have to pay from your own pocket when an insurance claim is filed. For example, if your deductible is $500, and your car needs $2,000 worth of repairs, you may only receive $1,500 from the insurance company. You're responsible for the first $500 of any repair.

But what if your deductible is more than the actual cost of repairs? For instance, let's say your deductible is $500. You have a fender bender, but your car only suffers a small scratch or dent. The other person's car suffers no apparent damage. You bring your car by your local repair shop, and they estimate that it will only cost $100 to fix the problem. It may not be worth it to involve your insurance company, as reporting the incident could raise your premium.

Before making such a determination, however, always get a written estimate from a body shop. Even the most minimal looking scratch or dent could require an entire section of the car to be repainted, and that can be expensive.



 Previous Step

 Go to Step 5 of 6


 Click here to email this page to a friend  
 Top Tickets by Category 
 Excite Education Guide
 
 
 
Accounting MBA Online
Bachelor in Business Management
Bachelors in Criminal Justice
Bachelors in Forensics
Become A Forensic Scientist
Colleges For Game Design
Colleges For Web Design
Design Schools
Diesel Mechanic Schools
Doctorate in Criminal Justice
Doctorate in Homeland Security
Fashion Design Schools
Graphic Schools
Interior Design School
MBA in Healthcare Management
MBA in Sports Management
Medical Billing School
Motorcycle School
Nursing Anesthetist Schools
Nursing Degrees
Nursing Schools Online
Online Animation Program
Online Colleges For Nursing
Online Emt Classes
Online Executive Education
Online Executive MBA
Online Executive MBA Program
Online MBA Degree
Online Project Management MBA
Paralegal Schools
Pastry Schools
Pharmacist Schools
Pharmacy Degrees
Phlebotomy Training
Photography Colleges
Public Policy Schools
Public Safety & Security Programs
Radiology Technician Schools
Real Estate School
Respiratory Therapist Schools
Risk Management MBA
Sociology Degrees
Study Criminal Justice
Surgical Technologist Schools
Technology Management MBA
Top Dietetic Schools
Top EMBA Programs
Training Schools
Ultrasound Schools
X Ray Technician Schools

2TORIAL STEPS
Introduction
Step 1: Keep calm
Step 2: Call the police
Step 3: Exchange information
Step 4: Consider your deductible
Step 5: Contact your insurance company
Step 6: Get an estimate and repairs

 OTHER 2TORIALS AND LEARNLETS
2torials:
Learnlets:
Autos
Travel
Business
Autos
Travel

 AUTOS LEARNLETS
Know When Your Car Needs a Tune-Up
Replace Windshield Washer Fluid
Remove the Skunk Smell from a Car
Remedy Squealing Tires
 More Learnlets...