If someone offers me $500 in cash to fix my car after they crashed into me, should I accept the money or file a claim?

They were at fault, but filing a claim seems like a lot of work and I'm not sure if it's worth it. What should I do?

Answer
“There are pros and cons to accepting the $500. If you accept the money without getting an estimate for the repairs, you run the risk of paying for the repairs out of pocket should the cost be greater than expected. But the benefit of accepting the $500 is that your insurance rate won’t go up for filing a claim.
Your safest bet is to file a claim with the other party’s insurance company since they were at fault. If the other driver doesn’t have insurance, you can use your collision car insurance or uninsured motorist coverage to pay for the repairs.”
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Sophie Newman
Answered on May 24, 2021
Sophie Newman is a writer from California. Her hobbies include brewing her own kombucha, riding horses, and taking long road trips.
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