Quote:
Originally Posted by Reggie28
I think if you are in a minor fender bender and the party at fault offers to pay reasonable compensation on the spot, it is reasonable to listen. This is more common when the vehicles are older and repairing a small dent may be worth more than the car.
Of course, 1/2 of CP is the 1% and has supercars, but fixing a dent in a Buick is a lot easier than a Bently.
It’s not a “get a quote and sent me a bill negotiation”, it’s a “pay me $3,000 right now” negotiation. How much is an at fault accident worth? I would say close to that and would pay 3k to keep my record clean.
Maybe someone who knows can comment on what an at fault accident costs in higher insurance rates.
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That is absolutely a crazy stance to take - unless you're getting in accidents on a weekly basis, why on earth would you shell out $3K to keep your record clean?
A minor accident like that, probably won't impact your premiums, even if they did it *might* be to the tune of a few 10's of dollars a year or at worst a couple hundred. You are most definitely not coming out ahead on a $3K private payout, unless you are an already terrible driver with a bad rating.