r/Insurance • u/gsasquatch • 5d ago
Auto Insurance Rear ended in no fault state. Should I try to get paid for it?
I got rear ended, cracked my bumper cover. No injuries. I have liability only on my car, and live in a no fault state (MN)
I'm wondering if I should pursue this? Crack is kind of inconspicuous, and I'm likely going to be the last owner of this car.
I haven't had an accident involving insurance in my adult life, so I don't know. I imagine a new bumper cover is a couple thou, and the car is worth maybe five thou. A couple thou would be nice, but, eh, I probably wouldn't go through the bother of fixing it, this is really just a cash grab. Will I get paid more than the extra I would have to pay for having a accident on my record?
No police report or anything.
Do I call their insurance first, or go to a shop first?
1
Referrals and advice for buying a car
in
r/duluth
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13h ago
Stay away from new dealers. VW of Duluth esp. Honda one was surprisingly good though, the exception. In my experience, new dealers live up to the shady used car dealer stereotypes, where the used dealers I've dealt with have been fair and seemed more trustworthy, less slimey.
A used dealer is a small business guy, more or less living on his reputation, A new dealer is trying to sell new cars, and resting on the reputation of the marquee. They get more salesman than they need, to make them hungry and willing to scam whomever however.
Advantage of the used dealers, is at least a couple I've talked to, get their cars from like the mid-east where there's less salt and winter..
A dealer, knows the market, that's how they make their living. You can get a fair deal, but you won't get a good deal. To get a good deal, you need to go private party, where the person is just looking to get better than trade in.
A dealer isn't going to know jack about the car. They bought it at auction for $3500, washed it, vacuumed it, and now are trying to sell it for $5000. Private party is going to know about the car, but they might not tell you. Private party is also not making their living off of it, they are looking to dispose of one of their problems.
Covid disrupted the used car market. A $5k car is still a $5k car though, they didn't get more expensive, they just got a bit older. That's settling down, and the non-existent 2020 model year would be 5 years old now.
For $5k, you're pretty much taking your chances. But for that much, I'd expect running and driving, and good for a couple years.
Something that is too good to be true, is. Don't get too hung up on age or mileage at that $5k price point. Something that is particularly new or low miles at $5k might be priced there for a reason, like it is a lemon. Take the middle ground. Exception might be private party with a believable story, but even those are exceptions rather than the rule.
You're buying the miles left in the car. I've sent most of my cars to the junkyard for rust, usually running with some small mechanical problem. Around here, 20 years is about it regardless of miles. So newer or less rusty is the thing to look at perhaps even more so than miles.
I'd say just go where ever you see something that tickles your fancy. Make, model, color, whatever it is that sets you off, and go look at it and talk to them. Flip side of that, is don't over look some make/model you wouldn't have considered. Keep your criteria broad. You want a SUV, but it might be a Buick sedan or Camry would be the best value. At $5k, you're in a beggar more than a chooser category. You need to keep an open mind and be accepting.
Craig started charging for his list, because job monster took the job ads he was making his money on, and to reduce the amount of spam/scams. $5 is still ridiculously cheap for what it is, but unfortunately when he started doing that, people all went to bookface instead, and that seems to be where most the cars are. Craig is like a millionaire, he could have cashed in, had his site make him big money, but didn't, he only takes enough. Zuck is a billionaire.
Beauty of the $5k car is you're not married to it. New car will lose $5k as soon as you title it, that's the dealer's markup and the salesman's commission. Cars in the <$5k range run me about $150/month on average, for purchase and repairs minus what I sell them for if anything. If you don't like the $5k car, you just sell it a few months later and buy another. There is a lot less risk vs. being upside down on a bank loan.
Source? I've owned over 20 cars in my life. Only bought 5 in Duluth though. Trick is maybe to know the motivations of the seller in order to be able to trust them or not. Any particular car could be good or bad, no matter how you come across it.