Accident reports will affect your car insurance even in a no-fault state. If you’re like many other car owners, you may be wondering if you should report the car accident to the police and your insurer. Here’s how it t works and plays out when it comes to insurance.
Should You File An Accident Report?
Many people are tempted to settle the issue with the other car’s driver if the damage is minor, but the best course of action is to contact your insurance company. Your auto insurance policy requires you to report all accidents, regardless of injuries or the value of the damage to the vehicles. If the damage value is worth thousands of dollars and there are injuries, you need to file an accident report.
Will Reporting Affect My Car Insurance Rates?
Your rates will probably increase if you’re involved in an accident. However, different insurance companies treat accidents differently, and if you have been claim-free and have kept a good driving record so far, the increase may be slight.
How Long Does An Accident Report Stay On My Insurance?
A car accident report can stay on your insurance record for months and will impact your car insurance premium. If you get any additional accidents or tickets during this period, your rates might rise considerably.
How Can I Get An Accident Report Off My Insurance?
You need to wait to get an accident off your record. As we said earlier, a car accident will affect your insurance rates, so you must avoid tickets or additional accidents during your waiting period.
