18
Apr

Auto Insurance Quotes – What If You Wreck Your Car?

   Posted by: Pety Smith   in Advice, Automotive, Autos, Insurance, Insurance & Registration

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If you’ve been in a collision, tell your insurance company for your own protection, even if injuries are not readily apparent. Informing the company doesn’t mean you’re filing a claim.

  • If you disagree with the value assigned to your totaled vehicle, provide quotes from local dealers and proof that your vehicle was well-maintained. (See “12 secrets your car insurer won’t tell you.”) Still unsatisfied? Your options are mediation, arbitration and, finally, a lawsuit.
  • Twenty-eight states require insurance companies to pay the sales tax on a replacement vehicle, based on the settlement value of your totaled car. Request it, as well as registration and title fees, wherever you live.
  • In 14 states you can get payment for the “diminished value” of your damaged car.
  • If the driver at fault in a crash is uninsured, consider “stacking” or collecting on all of your policies that have uninsured/underinsured motorist coverage to fully cover the damage, unless state law prohibits it.
  • Body shops may be tempted to cut corners to meet insurance companies’ pricing requirements. Check Assured Performance Collision Care for qualified repair shops.
  • If you cause an accident, does your policy require you to pay the difference between generic and original-equipment manufacturer parts? If someone else caused the accident, request original-equipment parts for your repairs.

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