When should you claim car insurance?

How long should I wait before claiming on my car insurance?

Must read: A note about the time frames listed below

Location Time to notify auto insurer of accident Time following an accident to take legal action against an insurer
Alberta 30 days 2 years
British Columbia 24-48 hours 2 years
Manitoba 24 hours 2 years
New Brunswick (Unknown – see your policy for details) 2 years

Will my insurance go up if I don’t make a claim?

Generally, a no-fault accident won’t cause your car insurance rates to rise. This is because the at-fault party’s insurance provider will be responsible for your medical expenses and vehicle repairs. If your insurer doesn’t need to fork out money, your premiums won’t go up.

Should I get an estimate before filing a claim?

In order to justify filing a claim, the value of the damage should exceed your deductible. It’s worth getting an estimate of repair costs first.

Do I pay deductible if not at fault?

Yes. If you’re found not to be at fault after an investigation, you may not have to pay your deductible. (The deductible is the amount you have to pay out-of-pocket before your insurance pays for the rest of the cost to repair the damage to your car.)

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Should I tell my insurance company about a minor accident?

Should you tell your insurer about an accident? Yes – if you’ve been in an accident, you do have to tell your insurer. You should send your insurer a letter telling them what’s happened. But make it crystal clear that this is for ‘information only’ and you don’t wish to make a claim.

Why is my car insurance going up with no claims?

Since people are driving more and more, accidents are on the rise. This causes an increase in how much is paid out by insurance companies for each claim. Rising medical costs is the reason for the steep hike in price for cost per claim, which translates to higher auto insurance premiums. Health care costs are climbing.

Should I call my insurance if it wasn’t my fault?

Yes. Regardless of fault, it is important to call your insurance company and report any accident that involved injuries or property damage. A common myth is that you do not need to contact your insurance company if you were not at fault.

Will my car insurance go up if I file a claim?

If you make a claim, your car insurance premium may increase, depending on the circumstances. For example, if you cause an accident it’s likely your Budget Direct insurance premium will increase to reflect your higher risk rating.

What should you not say to your insurance company after an accident?

Avoid using phrases like “it was my fault,” “I’m sorry,” or “I apologize.” Don’t apologize to your insurer, the other driver, or law enforcement. Even if you are simply being polite and not intentionally admitting fault, these types of words and phrases will be used against you.

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Does filing insurance claim hurt you?

An insurance claim provides you with financial protection in the event of loss or damage. Filing an insurance claim may impact your rate regardless of the circumstances.