Should I turn that claim in?

Whether it is an auto claim or a home insurance claim you should ask yourself, 'should I turn this claim in.' I feel as a society Americans rely to much on our insurance to fix a small mishap that may have happened to our car or home. If you backed into your garage and dented the bumper it is much better to pay to fix that out of your pocket. Why you ask? Because your insurance policy whether it is your car insurance policy or your home insurance policy is not designed to fix the little things. It is designed for catastrophic losses to you. The more we use our insurance on the little things the more you will keep seeing your insurance premium go up. Currently the average percent that Americans spend on their budget to pay for insurance premiums is about 13%. That is huge. A $5000 monthly budget equates to a $650/month on insurance premiums. Car, Home, Life, Health, Boat, and etc. So you can help reduce that amount by reducing the notion to call your insurance company when you have a small mishap in your car or at your home. To help you not turn in a small claim raise your deductible or even eliminate coverage for physical damage to your car. You will be amazed how much your insurance premium will drop if you do. You might want to think about not turning in a claim to your health insurance company for a runny nose as well. Think about it next time.