I'm concerned that over the span of years to come, I'll pay waaay more than $2k in increased premiums.
Tipped over someone's GSXR-1000, need advice
- Thread starter vibiker
- Start date
I'm concerned that over the span of years to come, I'll pay waaay more than $2k in increased premiums.
If you decide to pay him out of pocket just make sure he doesn't report to insurance too. Friend had that happen to him where he paid the guy to avoid insurance then the cops call him a couple days later to say he needs to come to the reporting station for being in a collision. Other guy went through insurance anyway and my friend was out a large chunk of money.
Julz
Well-known member
Call your agent, you never know, this might be a better option. A good agent will tell you to either pay up with your own $$ or file a claim.
Their estimate is not an estimate really, just a total of all the parts.
I forgot to mention that there was no estimate done on the repair costs. He showed up to the dealer with pictures and rung up all all the totals for the parts.
I forgot to mention that there was no estimate done on the repair costs. He showed up to the dealer with pictures and rung up all all the totals for the parts.
Brampton Powersport is a legit authroized Suzuki motorcycle dealers, their cost estimate should be fair..... at least they didn't get the estimate from Suzuki Newmarket
honestly, I think you are getting a bargain for $2k.
New parts alone cost 1900 and he wants 2K cash? I'd take that deal and run. Get it in writing once you pay up and stop making demands like "i want the old parts back", before he gets annoyed and decides to go through insurance. If he does, you're looking at 500-1000 deductible + years of insurance increases.
Hourly shop rates are between 60-100$, you sure you wanna pay for them to install it?
That's another thing that I'm concerned about. I have no guarantee he won't take my money and then go to insurance. The collision is already reported and I'm 100% at fault here.
I can have him sign a contract, but I'm not sure how enforceable it is.
I can have him sign a contract, but I'm not sure how enforceable it is.
You wont.
The collision was reported to the CRC but the CRC doesn't report to the insurance company.
Id get a detailed letter stating that insurance will not be involved etc..and that this payment is the final payment so you don't get burned.
Depending on your record, if its clean, I would go through insurance. Your premiums won't go up that much for a minor claim like this. I don't see it going up over $2g's over 6 years. After that it gets cleared. And if it does goes up, at least the 2g's is spread out over a certain amount of time instead of forking it out in one shot. It's better for both parties, he can drop it off and everything gets fixed and if something goes wrong after, it's covered. Leave it for the insurance company to fix and figure everything out, after all, that's why you pay for it.
You might wanna bend over and realize its gonna hurt :lmao:
If op's record is clean, there's no way insurance will go up $2g's. its a small claim, its not like its a write off. OP, double check to see if you have accident forgiveness.
You've got basically 3 options:
a) Pay da man his money
b) Go through insurance or;
c) Fake your own death and move to Mexico
There's no guarantee that option a or b will be cheaper than the other. There's no guarantee that if you go with option a, you still won't have to deal with option b. It's hard to predict a premium increase if you have an at-fault claim. My guess is that if you're already in an expensive premium bracket, it will hit harder than if you were in a more low risk bracket. If you want to consider option c, I know some people.
Just kidding of course.
a) Pay da man his money
b) Go through insurance or;
c) Fake your own death and move to Mexico
There's no guarantee that option a or b will be cheaper than the other. There's no guarantee that if you go with option a, you still won't have to deal with option b. It's hard to predict a premium increase if you have an at-fault claim. My guess is that if you're already in an expensive premium bracket, it will hit harder than if you were in a more low risk bracket. If you want to consider option c, I know some people.
Just kidding of course.
If both of you already reported it to the collision reporting centre, there's no point paying him now. Your insurance and his insurance are going to find out. Whether you pay him now or not your rate will go up anyways if was going to go up. He's just going to pocket the cash
