I was involved (and at fault) in a minor accident in a parking lot which resulted in scratches on both car. I've already submitted a claim through my insurance. The other side forwarded me an estimate to repair the scratches on his car bumper, and it was about $900.
Could anyone advise whether I should pay this or ask my insurance company to pay it? The thinking is I hope if I pay it out of my pocket, my premium won't go up - not sure if this is correct. And if I use my insurance to pay, my premium will go up and last for 3 years (from my past experience), and in the end what I'll pay for the increase in the premium (over 3 years) will be more than $900.
Please advise.
Thanks.
Could anyone advise whether I should pay this or ask my insurance company to pay it? The thinking is I hope if I pay it out of my pocket, my premium won't go up - not sure if this is correct. And if I use my insurance to pay, my premium will go up and last for 3 years (from my past experience), and in the end what I'll pay for the increase in the premium (over 3 years) will be more than $900.
Please advise.
Thanks.