For some driver making a claim is the last option. When they realize that the losses are well above what they can handle on their own they call the insurer. They do not like to fill all those forms and certainly do not enjoy increased premiums.
However, this will require financial strength first of all and secondly good understanding of how the rates are calculated. Insurers love the policyholders who do not cause any problem for them. Those drivers will see their rates coming down continuously with every year passing.
On the other hand, many motorists will laugh at you if you tell them not to make a claim this time. They think that that is why they bought their policy and they will use it regardless of the size of the damages. It is another way of going about the business. They may get little bit of cash in their pocket from insurers, but they will most certainly start paying it back with increased rates.
Policyholders should ask themselves what is more beneficial; keeping a clean driving record and keep saving or making a claim and getting compensated now. This is selective claiming. Why bother when the amount you can receive will be negligible after the deductible? Make the car insurance companies pay when you really have a costly accident.
Most likely, a small claim will disturb driver records nearly as much as a large claim. Both say that you are negligent, careless or living in a high crime area. Something that companies do not like and punish you for. If the damages are significant, at least you do not have much choice about it.
The trouble is that if you are not careful you can pick up a few of those claims in time. Then, you would wish that you did not make some of them since most insurers will refuse to offer you a quote. Especially if you have several traffic tickets as well, you are looking at a substantial premium.
If people want to know how some people can have cheap car insurance quotes, the answer is they keep doing the right things. Then, those little things add up to qualify them for large savings. Knowing what will increase and cut down the rates will help in achieving low premiums year after year.
For example, when you hit the garbage can late at night at home, you can control the situation. You can take the car to a repair shop and get estimates. Say, it is $700 to change the bumper and fix scratches and your deductible is $300, you will only receive $400 if you call the insurer. An experienced driver knows that the premium will go up at next renewal if they do so as much as that amount.
Do a little math and make a decision where you have a choice. Losing no claim bonuses is costly like a repair you decide to pay on your own. Which option will be more beneficial for you in the long run?