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The Ramsey Show Highlights

My Friend Wants To Avoid Insurance After Hitting My Car

The Ramsey Show Highlights

Ramsey Network

Business, Education, Investing, Self-improvement

4.5839 Ratings

🗓️ 22 June 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

Brought to you by the Every Dollar app. Start budgeting for free today. I have a dilemma.

0:09.1

My coworker accidentally backed into my car earlier this week, and she's wanting to not go through

0:16.8

insurance and just pay out of pocket so that she doesn't have to have her rates go up.

0:22.2

But I'm feeling nervous about that, and I just kind of wanted to talk it out.

0:27.5

How well do you know this coworker?

0:31.3

Pretty well.

0:32.5

I've been to her house, and I know a bit of her financial situation, too, so that's like a layer as well.

0:40.3

Do you guys like each other?

0:42.6

Oh, yeah. Yeah, I like her.

0:45.4

There's a reason I got an angle, George.

0:47.1

I'm going to let you walk through this finance.

0:48.7

Let's do some fact-finding. How bad is the damage?

0:51.9

So I got three different quotes, and they ranged from 1,500 to 3,600.

0:58.1

Whoa, this is a pretty serious situation.

1:00.4

She was in a hurry, huh?

1:01.4

This is not a dent.

1:02.8

Yeah.

1:03.4

Yeah, it's a big dent, yeah.

1:05.3

Okay.

1:05.9

So let's put it on the high end.

1:07.1

Let's say it's 3,600.

1:08.4

She's saying, I'd rather pay you the 3,600, than go through

...

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