Quick Answer: How Long Does An Insurance Company Have To Fix My Car?

Is it better to repair or replace a car?

It is almost always less expensive to repair a car than buy a new one.

Although something as severe as a blown motor or a failed transmission will run you between $3,000 and $7,000 to replace at a dealership, such repairs still don’t cost as much as buying a new car.

You really need the car to last a while longer..

Can you just keep cash from a car insurance payout and not fix your car?

If you own your car outright, you can choose to not repair your vehicle for financial reasons, or delay repairs with the money you receive from an auto insurance payout. Simply put, you do not have to use any of the compensation you receive from an auto insurance company on repairs.

Is it worth claiming on car insurance for a dent?

Therefore, a good rule to follow is to only make a claim in the event of a big loss and avoid filing it in case of little mishaps, such as a minor dent on the bumper or the body of your car. Sometimes talking to your insurance agent about the insurance company’s policies before you file a claim also helps.

Does insurance cover if you damage your own car?

You can make an insurance claim for damage you caused to your own car if you have collision and/or comprehensive coverage. If you have a liability-only car insurance policy, however, damage that you do to your own car won’t be covered. … Also, even if you have “full coverage,” insurance won’t pay for your own negligence.

What if insurance check is more than repairs?

If your insurance company sends you a check for reimbursement that is more than the cost of your repairs, you should notify your insurance company of their error. … If the insurance check is more than the repairs, you should not just keep the money.

Can my insurance company refuse to fix my car?

It might be your fault or the other driver’s fault. When it is the other driver’s fault, his or her insurance company should cover the costs of your injuries, as well as repair your car or compensate you for its value so you can replace the car. … While other insurance companies may deny the claim and decline to pay.

Can I refuse an insurance repair?

The insurance policy gives the insurance company, not you, the right to decide whether it is cheaper for them to repair or replace the car. So, the short answer is “NO. YOU CAN’T REFUSE THE CAR.” If the car was taken to one of the very few Excellent car repair facilities, you should be okay.

What happens if you don’t use insurance money for repairs?

The insurance company has met its obligation by paying the repair costs for the damages that it found. Your car insurance company shouldn’t take the money back or consider it fraud if you don’t use the insurance money to repair the vehicle.

How long do you have to make repairs after insurance claim?

It’s important to know the difference because your insurance company may have different time limitations on how long you have for each. As a general rule, however, you should report an accident no more than 24 hours after the incident.

When should you not repair your car?

When repair costs start to exceed the vehicle’s value or one year’s worth of monthly payments on a replacement, it’s time to break up with your car, according to automotive site Edmunds and Consumer Reports, the product review site.

Can I repair my car myself after an accident?

In most cases, you should be able to do whatever you want with the insurance payout, and that includes having your vehicle repaired at a shop, fixing it yourself, or not fixing it at all. This may not be true all the time, though, and you need to read the language of your policy carefully.

Can you trade in a car that needs repairs?

Trading in a car with mechanical components is usually not a huge problem. Most dealerships will consider taking your car on trade. But beware, you’re probably not going to get the most value for it. Because the dealer needs to fix it or sell it as is AND make money, your appraised value will be lower than you expect.

Can I insist on having my car repaired?

You have the right to choose the repair shop you want to use. You’re entitled to have your vehicle repaired to its pre-accident condition. By law, you’re only required to obtain one repair estimate.

Are older cars cheaper to insure?

Car insurance premiums: new vs old cars Insuring an older car can often be cheaper than insuring its newer counterpart, due to the fact that older cars generally have a lower market value and therefore cost less to repair or replace, according to Canstar Research.

Can I keep the money from a car accident claim?

If you own your car outright and your insurance policy doesn’t specifically require that the claims check go to your auto body shop, then the money from a claim is yours, and you can basically do whatever you want with it. … As long as you’ve met your policy’s requirements, it’s not fraud for you to keep the money.

What should you not say to an insurance adjuster?

Dealing with an Insurance Adjuster: What Not to SayBefore you talk to an insurance adjuster, understand their role. … Avoid giving lots of details about the accident or your material damages. … Avoid giving a lot of details about the injury. … Do not sign anything or give a recorded statement. … Don’t settle on the first offer. … With all that in mind…

How long can an insurance company take to fix your car?

one to two weeksIf you use a repair garage that is affiliated with (or at least approved by) your insurance company, the process can speed up a bit. The easiest cases will take between one to two weeks to resolve. More complex ones can take weeks or longer, including scheduling delays and the time your car is in the shop.