There are advantages and disadvantages to each of these options, but you are only required to pay your deductible if you decide go through your own insurance company. The biggest benefit to choosing to go through your own insurance is the amount of time saved.
It is likely that your property damage claim will resolve quicker with your own insurance than it will with the other driver’s. You are their client, so it benefits them to provide you with a good customer service experience and retain you as a costumer. Your insurance company will provide an estimate of the damage to your car and will then pay to have it repaired. If your car was totaled, then your insurance company will pay you the amount that your car was worth when the accident happened.
These damage estimates are quite simple to calculate and cannot usually be negotiated. This means that your property damage claim should be able to resolve quickly. However, how long your personal injury claim takes will depend on a variety of different factors, including the severity of your injuries and the extent of your medical treatment. It is important to keep your personal injury claim and your property damage claim separate. A personal injury attorney can handle your personal injury claim for you and help you secure fair and just compensation for all of your damages, beyond just your injuries.
If you do pay your deductible, your insurance company might be able to subrogate from the other driver’s insurance company. Subrogation means that your insurance company will attempt to get the other driver’s insurance company to pay them back for the money that they paid to cover your expenses. If your insurance company succeeds with a subrogation attempt, you should be allowed to recover the cost of your deductible.