Need the hive mind to help me out here.
I live in San Francisco and car insurance rates are high as shit. I'm paying $1300/yr for full coverage of a 2002 Intrepid.
Well, I backed out of my garage yesterday and ended up denting the door of a truck that was double parked on the other side of the street. The door doesn't look bad, but the quote is $1900.
So the question is, do I go through my insurance or pay cash? I'm not getting my own car fixed (the bumper is scuffed, but it's hardly noticeable).
Option 1: Pay cash
- rates don't go up
- I'm out $2000
Option 2: Use Insurance
- pay nothing out of pocket
- rates potentially go up a LOT
Anyone had any experience with this type of decision?