Getting into a car accident is always a stressful situation. You’re worried about injuries, damage to your vehicle, and of course, money. How do you know if paying for repairs out of pocket will help you in the long run or make things more complicated? We’ve got you covered. Here are some questions to ask yourself when considering paying out of pocket after a car accident.

Who else was involved in the accident?

Single-vehicle accidents

Car accidents don’t always involve other motorists; lousy weather conditions, distracted driving, or vehicle malfunction can lead to single-vehicle accidents. If you hit an inanimate object and your car is damaged, the first thing you should do is check your deductible. For example, if you back into your mailbox and dent your fender, it may make more sense to pay for the repairs yourself and not file a claim with your insurance company. This is an easy case where paying out of pocket makes sense.

But you may be asking yourself, what harm is there in filing a claim when it was a minor accident that wasn’t necessarily my fault? Well, liability is a tricky thing, and sometimes even when you’re not totally at-fault, an accident can cause your insurance rate to go up.

Paying out of pocket vs. filing a claim

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