There are a few things to consider.
- First, most insurance companies require you to report any incident, even if a claim is not filed.
- Filing a claim will definitely impact your insurance rates. Here are things to consider when deciding to file a claim or not. Below, you can see how an at-fault accident would impact your rates.
- Next, if you can afford to pay out of pocket for the damages, it can be cheaper in the long run than having your insurance rates impacted for the next five years.
- The person you hit might not want you to pay out of pocket and would prefer to handle it through the insurance company. This is also why you need to report the incident to your insurance company as soon as possible.
Also, your deductible would not be applied in this situation since you would not be having your car repaired. Your liability
coverage would cover the damages to the other car. If you did file a claim to have your car repaired then your deductible for collision
coverage would apply. Here
is some additional information if you decide to file a claim and what you can expect. Good luck and if you have any other questions, don't hesitate to ask
|Year After Accident||Average Annual Premium|
|0 - No Accident||$1,713|
|1 Year Later||$2,373|
|2 Years Later||$2,551|
|3 Years Later||$3,109|