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In the long run is it cheaper to pay for the damages you caused to another car rather than go though the insurance company and have rates increase and be charged a surcharge?
Wiki User
∙ 15y ago
minor like bumper mirror, small dent, yes. after 4 figures, no because someone (owner or repair shop) will milk you somewhere. put in in for insurance and invest the rest of the money.
Wiki User
∙ 15y ago
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What is an insurance surcharge?
Insurance Surchargesa Surcharge is somthing you are being charged extra for because of a specific reason or risk... such as a Surcharge for underage drivers, or a surcharge for a Wood Burning stove... they burn alot of houses you know... ya.. so its just an extra charge they give you to insure you. Here are some examples on Auto Insurance PolicesUndisclosed Household Drivers SurchargeUndisclosed Tickets SurchageYoung Driver SurchargeInexperienced Driver SurchargeHigh Risk Driver SurchargeHigh Risk Vehicle SurchargeModified Vehicle SurchargeHappy Motoring
Is there any new jersey car insurance for drivers with dui?
You can get a normal insurance policy if you have been convicted of DUI in New Jersey. You however, will also be charged a surcharge of $1000 a year for a total of 3 years.
What are some good examples for the word 'surcharge'?
There is a surcharge charged by several secondary sellers. This is almost like a commission fee, but one that you have to pay, instead of the producer.
Is it fuel surcharge required by law?
No, the fuel surcharge charged my most carriers and other businesses today are not required by law. The business is trying to get some extra money to help them with the cost of gasoline/diesel fuel. If you don't want to pay it you will have to shop around for another carrier etc that doesn't carry it.
Why would you be charged more for pl pd if you don't have any medical insurance?
I think you are referring to PIP coverage? There may be some states that surcharge if you do not have medical insurance as PIP pays for injuries, or death in an auto accident. Most states and insurance companies offer a discount if you do have medical insurance as your medical insurance can also pay for your injuries. Many PIP policies only pay a % of injuries up to a maximum of $10,000.
What is the high risk surcharge in open heart surgery?
the fact there is a high risk for the surgeons stats, so you get charged extra.
Can a non custodial parent be charged for having a youthful driver in the household even if they visit infrequently and do not drive the car?
Charged with what? An increase in insurance premiums or trying to use that as a modification to income for child support purposes? Something different?
Is a surcharge considered a form of tax and if so is this not double taxation if enforced through a government?
Yes it is. The U.S. Constitution clearly states that there shall not be a tax charged on tax.....
What can you do if you are hit by another driver and got their license number and the police charged them but their insurance will not pay because the owner says a friend was driving the vehicle?
It shouldn't matter who was driving. The insurance company is responsible for the VEHICLE not the driver.
If you let someone with a suspended license drive your car in Ohio what are the consequences to you?
If they're caught, your car may be impounded, and it will certainly be reported to your insurance company, who will increase your insurance rate because of it.Added: . . . and, if you allowed it, you could be charged with 'Permitting an Un-Licensed Operator" to drive.
Whats the meaning for ATM surcharge?
An ATM Surcharge is the service charge that you have to pay for using a private ATM or the ATM of some other bank. For ex: If you have a Bank of America ATM and opt to use a private ATM machine in a shopping mall or a Chase bank ATM, then you will charged a surcharge for using an ATM that is not in Bank of America network because - the owner of the ATM would charge Bank of America for its customer taking money from their ATM
How do speeding tickets affect your car insurance?
Helping to answer "How do speeding tickets affect your car insurance?" Depending on the insurance carrier that you have, i.e. Geico, Progressive, State Farm, Allstate, your premium will increase. Points are assesed when a speeding violation is incurred. Each insurance company has a chart that will determin how much of a percentage your premium per violation. Each state is different and some will allow for points to be removed by taking a driving course. However, if the violation is still on your MVR, it may not matter that there are not any points assessed because you will still be charged an increase based on your carrier's point system. For example: You incur a speeding ticket that asseses 2 points on your MVR. You take a course to remove the points, but it is still listed on your MVR as a violation. You may still be charged an increase in premium depending on your insurance carrier. I recommend you this site where you can compare quotes from different companies: mycheapinsurance.net
