Quote:
Originally Posted by redpoint5
BTW, I've always offered to settle accidents off the record, and to date nobody has taken me up on it. Paying $2,500 for my Subaru in cash would have been cheaper in the long run than the increased insurance premium for the 18 year old kid that hit me, but he and his father wanted to settle through insurance. Perhaps they aren't aware of what premiums look like after an at fault accident for an 18 year old male. Mine went from a liability only premium of $600 for 6 months, to $1,800.
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With good reason. Nothing keeps you from taking their money "off the record" and then filing a claim with your insurance.