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Juliet accidentally hit her mailbox while backing her car up the driveway. The cost to repair her car is [tex]$325. Her car insurance deductible is $[/tex]500.

What factors should she consider before filing a claim with her insurance company? Select all that apply.

A. The driver was not at fault for the accident.
B. The driver will pay more than the deductible.
C. Filing a claim will increase the monthly premium.
D. The deductible is more than the cost of the damage.


Sagot :

Final answer:

Juliet should consider potential premium increase, cost exceeding deductible, and deductible vs. repair cost balance.


Explanation:

Filing a claim will increase the monthly premium. When deciding whether to file a claim with her insurance company, Juliet should consider that filing a claim can lead to an increase in her monthly premium, affecting her long-term insurance costs. Additionally, the driver will pay more than the deductible needs to be considered as the repair cost is less than the deductible, meaning she would cover the entire repair cost out of pocket.

Lastly, the deductible is more than the cost of the damage should be taken into account as it may not be financially beneficial for Juliet to file a claim for an amount lower than her deductible. Considering these factors can help Juliet make an informed decision about whether to file a claim.


Learn more about Auto Insurance Factors for Filing a Claim here:

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