Ask An Agent


Get free insurance advice on demand



I don’t have enough money for damages I caused

I backed into a parked car and hit their bumper my paint smudged their car and they got a very high estimate of $600 which Is very high. I don’t have $600 and I want to know should I call my insurance company?

Agent Answer

Ava Lynch

If you cannot pay for the $600 out of pocket, your only other resource is calling your insurance company. This would be considered an at-fault accident and will most likely raise your rates. As an average in 2016 in New Jersey, an at-fault accident (which this would be considered), raised rates by an average of $1,228. Now, most insurance companies will charge you for 3 years for most accidents or violations. So, that will stretch to over $3600 in addition to your premium. In the long run, it makes much more financial sense to pay for that $600 out of pocket.

Was this helpful?

0 0
  • Didn't Find What You Were Looking For?

    Ask us another question and an insurance expert will get back to you with an answer.

Looking to save money on your car insurance?

Learn More