What's the average rate increase for a collision claim?

I hit my friend's tow hitch. Luckily, there was no damage to him, but it's going to cost $1,500 - $2,000 to fix mine. I have a $500 deductible. Is it worth filing a claim? Also, do I need a police report?

Jul 10, 2019 Atlanta, GA

Ross Martin

Jul 10, 2019

Sorry to hear about your accident. You shouldn't need to get a police report if you were at fault and will be filing as a collision claim. If you do file a claim you would need to contact your insurance company's claims department and let them know what happened. They will fix the vehicle minus the $500 deductible you have. You may want to get an estimate and pay out of pocket though. Filing this claim would be considered an At-Fault Accident and can lead to rate increases on your insurance for 3 to 5 years. How much your rates will go up depends entirely on which insurance company you have. For instance, Allstate's average rate increase in year one after an at-fault accident is $9. State Farm, on the other hand, averages an increase of $973 in the first year after an at-fault accident. Check out the link below for even more information.I hope this helps you move forward. Remember that The Zebra can help you shop around for the best rates. Thank you and have a good day!

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