What are the consequences of not informing my insurance of an accident?

Are there any consequences if I don't report an accident to them? I heard your insurance rate can go up after an accident. I can't afford for that to happen.

Answer
“The biggest consequence of not reporting an accident to your insurance is no coverage for any damages.
Should you discover additional damage or have issues with the other driver, your insurance will not help you.
The point of having car insurance is to transfer risk from you to your insurance company. You pay a premium to be protected. If you choose to not report an accident, they aren’t required to extend coverage to you.
You can inform your insurance company of an accident without submitting a claim. Your insurance company can also close claims if no payment was made or no further action was taken. Your rate is less likely to increase if that’s the case.
If you are concerned about your rate increasing once you submit a claim, you always have the option of shopping around.”
avatar
Emily Maracle
Answered on Jul 06, 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.
thumb-up

Did this answer help you?

Ask us a question by email and we will respond within a few days.
thumb-up

Have a different question?

You can meet us at our office and discuss the details of your question.

Easiest way to compare and buy car insurance

√
No long forms
√
No spam or unwanted phone calls
√
Quotes from top insurance companies