Ask Experts Questions for FREE Help !
Ask
    Taran7's Avatar
    Taran7 Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Jun 26, 2007, 08:03 PM
    Teen fender bender accident, settle privatel or claim it?
    My 16 year old backed into his friend's car. He did 1000.00 worth of denting damage. Would it be best to settle it privately, pay the grand, or does anyone know how much his insurance would go up if we claimed it with our insurance?
    Wondergirl's Avatar
    Wondergirl Posts: 39,354, Reputation: 5431
    Jobs & Parenting Expert
    		  
    #2

    Jun 26, 2007, 08:13 PM
    Your son is already paying a lot because he is under 25. He will learn much faster to be a careful driver if you don't bail him out, but require him to contribute toward the increasing insurance payments.
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
    Expert
    		  
    #3

    Jun 27, 2007, 02:07 PM
    I would recommend that your teen pay this off. If he doesn't have the money, if it was my child I would pay the $1K to the owner of the other car, and then I would dictate a repayment plan to my son for him to repay me, perhaps working odd jobs around the house. If you simply bail him out he won't learn how his actions have consequences.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Auto Accident Claim Settlement [ 3 Answers ]

I was rearended a few months ago. I did not think we needed to call the police because it seemed pretty cut and dry. I was sitting at a light and an 18 year old girl didn't realize she was coming to a red light hit me. We exchanged information. I called both insurance companies immediately. The...

Fender bender [ 3 Answers ]

Ok, so on my way to class I am in a turn lane about to turn right when someone side swipes me. It turns out he has his own insurance company. Anyway, I was very nice to him as he was to me however in a nice way he says he thinks it was a no fault accident. Im not really sure why he thinks this....

Accident claim beyond limits of liability [ 4 Answers ]

Thank you for taking the time to read my question: I am wondering, what I should consider for a settlement in my accident, the other party was at fault, and my current bills are just under the limits of liabilty with the possibility of future surgery costing nearly $30,000. Here are the...

Fender Bender [ 3 Answers ]

I live in New Jersey, I was visiting a friend in upstate NY. Once I got off the exit in Utica NY; I didn't see a car standing still in the middle of the RD. There was no lights. My Car Tapped the back of there's. We both have the same make Car. There was no damage to my car, and none to there's. I...

View more questions Search