![]() ![]() ![]() Don’t exchange cash or personal checks at the scene of the accident. Always exchange contact information with the other drivers. ![]() If you’re intent on settling without insurance, here are 5 steps you must take in order to protect yourself in the process: Some insurance companies keep records of inquiries and reports, and it could affect your insurance premium rate even if you never file a claim. If you don’t report it and the other driver does eventually file a claim, it could become more complicated for you. You can make a report to your insurance company that the collision happened without filing a claim. The other driver is entitled to handle it that way if that’s their preference - but if it really is something small like a broken taillight, maybe you can convince them that a direct payment will be easier for everyone. If the other driver is more comfortable making a claim to insurance, you need to make sure you’re reporting it to your insurance company, too. Probably the most important part of dealing with a car accident privately is that both parties need to be in agreement. What looks like a ding in a bumper could involve damages underneath that are only visible once the mechanic performs an examination. Unfortunately, sometimes what appears to be “minor” is actually more serious than you think. Only consider a private settlement if the accident is minor. Always follow the law When to consider settling without insurance ![]()
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