If you've had a bit of a bingle, such as backing into a pole you just didn't see, chips and scratches from car keys, or careless drivers opening their car doors, you have a decision to make. Do you claim for repairs through your insurance company, or do you pay to have it repaired privately?
Here are 5 things to consider:
No claims discount
One of the best ways of reducing your car insurance costs is to build up your 'no claims discount' by not making a claim. The longer you drive without making a claim, the bigger your discount will get. This can mean significant savings over time, so it’s worth thinking twice before making a small claim.
Cost vs. excess
Often small dings, dents, chips, and scratches can be fixed at a cost that would be lower than your insurance excess. Why go through the hassle of making a claim and paying the excess if the repair is cheaper out-of-pocket?
Impact on premiums
Even if the cost of repairs is more than your excess, you should take into consideration the rising cost of your insurance premium because you've made a claim. Claims can lead to higher premiums in the future, which might outweigh the immediate benefit of having your insurance cover the repair.
Speed and control
Private repairs are often completed much faster, and you can choose your own repairer. This can be particularly handy if you have a trusted local repairer who you know will do a great job. Plus, you won't have to wait for your insurance company to approve the repair.
Get a quote first
Before you decide what to do, have a chat with your local car panel and paint repairs business. They can give you an estimate on the repair costs. With this information, you can make an informed decision about whether to repair your car privately or make a claim.
Remember, it’s all about weighing up the costs, both immediate and long-term, and considering what will be most convenient for you. Whether you choose to claim or go private, being informed will help you make the best choice for your situation. Safe driving!