Although it was not you driving the vehicle, it will still be on your insurance policy and thus affect your rates. For South Carolina,
an at-fault accident raised rates an average of $594 per year. Most car insurance policies will raise your premium an 3-5 years. Looking at the chart below, you can see what this could end up costing you.
|Year After Accident||Average Increase by Years After Accident|
|0 - No Accident||$0 - No Increase|
|1 Year Later||+$594|
|2 Years Later||$1,188|
|3 Years Later||+$1,782|
My best piece of advice in this situation to is get an estimate for the repairs and see how much it would cost to pay for the damage out of pocket. If it is cheaper than the $1,782 plus your deductible, don't file a claim. If the vehicle is completely totaled, you should file a claim. In this case, you would have to come to a separate solution with your friend.