When should I submit a claim to my insurance for vehicle damage?

Should I submit a claim for damage to my leased vehicle during bad weather? I live in Illinois, was the only one involved, and have full coverage. My deductible is $500 and the cost to repair the damage is $650.

Answer provided by
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Emily Maracle
Answered on Jun 21, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.
“Whenever you submit a claim to your own insurance for comprehensive insurance or collision insurance, you are responsible for paying the deductible. Once you pay, your insurance will cover the rest.
In this case, your insurance would cover the additional $150 to repair your vehicle, though you’d still be responsible for the $500. You’ll need to decide whether the additional $150 is worth it to you.
If you can easily pay the additional $150 or can wait to repair the damage until you save the money, you should avoid submitting a claim. Your rate could increase and you may end up paying more than $150 in insurance premiums.
If the $150 isn’t possible for you, you’ll want to file a claim to get the car fixed. If your rate does increase, you can always shop around to find a better rate using an online comparison tool like Jerry.”
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