I Reported an Accident I Was Involved in - Will My Insurance Rate Go Up?

[htduv390]

I rear-ended someone while borrowing my parents' car. I called their insurance to get a tow (which ultimately they did not provide because it wasn't covered) but I had to file the accident with them because I made the call. The driver, who had made an erratic stop (which is why I wasn't cited by the police), fled the scene without giving me his insurance information, therefore my parents' insurance will not need to pay out anything (my parents' car was a clunker so they just sold it off to a junkyard).

My question is: will this incident affect MY car insurance rates? I use the same insurance company as them and the claims agent assigned to this accident has my name, age, driver's license number, SSN, etc. I am afraid to ask them this question for obvious reasons.

I am deeply regretting ever calling the insurance agency in the first place...

Thank you for your help.

 

[djs]

If the damage to the vehicle results in a claim paid by the insurance company, you will be surcharged for the accident, you're parents should not be. You're parents insurance will be the one that pays the claim though.

You're parents may lose a claims free discount, but that is usually fairly minor. If you do it again, your parents may be non-renewed due to having permissive user accidents.

Now, there are MANY exceptions to what I just wrote, but probably 95% of the time, that's how it works. If your parents have a named driver policy or if you were excluded, or any of a series of other things, this can change.

Dan

 

[htduv390]

If the damage to the vehicle results in a claim paid by the insurance company, you will be surcharged for the accident, you're parents should not be. You're parents insurance will be the one that pays the claim though.

You're parents may lose a claims free discount, but that is usually fairly minor. If you do it again, your parents may be non-renewed due to having permissive user accidents.

Now, there are MANY exceptions to what I just wrote, but probably 95% of the time, that's how it works. If your parents have a named driver policy or if you were excluded, or any of a series of other things, this can change.

Dan

Thank you thank you thank you for the response. There is a very tiny percent chance the driver of the other car will have a successful claim considering he fled the scene (to be honest, I don't think he ever even contacted his insurance, *knock on wood*). If this all proves to be true, this accident will not result in a surcharge against me (in your experience, of course)?

 

[The Colonel]

Reporting the incident was still the right thing to do.... If the car you rerarended wrote down your plate they might claim injuries and your folks would be getting a notice of claim some time in the future from the local "Dewey, Cheatem & Howe"!

 

[b61mack]

They must have had no insurance or license, and did not want to stick around!

 

[ginniferhadley]

Don't worry, I think this incident will not make any effect on your car insurance rate.