Your insurance only helps you if you file a claim, right? Depends on the claim.
If you can cover the cost of damages without doing yourself much financial harm, that may be less disastrous to your finances than filing a claim.
As we’ve noted before, what the U.S. driving public doesn’t know about car insurance is frightening. About 40% of you don’t know what it means when your car is totaled. About 28% of drivers think insurance pays the post-crash value of a totaled car, while 12% aren’t sure what happens when a car is totaled.
