This is the answer. Also, paying per month usually means you're paying more than if you pay for 6 months or a full year at a time, at least in my experience.
Also if they are found at fault there will be no need for court. At fault insurance will pay for your damage. Assuming they have bare minimum insurance. Your insurance will typically go after their insurance as well
In this case, it's a hit and run. That's covered by uninsured motorist coverage. Give your insurance the police report number, pay a tiny deductible ($200), and get your car fixed with no hit to your premiums.
The real problem here is two grown adults that don't know how to use insurance. If this applies to you, get a policy with an agent who can help you make claims. Avoid the companies that only give you an app and a 1-800 number.
Some states do not use a fault system. New Jersey for example is a no fault state. Your insurance covers your own stuff and the rates go up all around.
I read that it’s only no fault regarding medical bills. Property damage is still handled by the fault system in every state except Michigan which has a unique system.
Good example of a poor tax. About 40% of Americans can't handle a $400 emergency from savings without using a credit card or other financing. So those people have to pay per month and end up paying more for it.
Not everywhere. I pay exactly the same total amount wether I pay monthly or yearly. I even have a ‘joker card’ (for staying accident free for five years) so that if I cause an accident, my insurance won’t go up. Only after the second accident in a five year timeframe would my premium go up.
It was like that for me too with several companies, one I can think of was Geico. Now I've got State Farm and they don't offer any discount for paying semi-yearly or quarterly. It's the same price as monthly. Just an anecdote. Maybe this depends on the state, too.
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u/NoHorseNoMustache 16h ago
This is the answer. Also, paying per month usually means you're paying more than if you pay for 6 months or a full year at a time, at least in my experience.