Does reporting an accident to your insurance increase your rates?

"Since my car is old, should I report the incident to my insurance company? If I do, will it raise my rates? I have a 2003 Ford Escape and was hit by a truck trying to merge onto the highway."

Regardless of fault, any accidents reported to your car insurance or listed on your driving record can impact your rate.
If you’re at fault, it will also depend on what type of insurance coverage you have. Without collision insurance, you would be responsible for the damage done to your vehicle.
If the other driver is at fault, their insurance should cover any damages.”
Emily Maracle
Answered on Jun 18, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.

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