So near the end of last week I backed out too fast and hit a neighbor's car. My right back bumper collided with their left front bumper. I immediately ran out of my car to see where the owner lived and it honestly didn't take very long. He was nice, calm (calmer than me at least) and I gave him my insurance info and started a claim. I am not covered in collateral (I think that was the term) but I am covered for liability. I've been told probability of my insurance getting an increase is likely (I pay like 140). They haven't taken their vehicle into the shop yet to assess damages and i haven't heard how much a repair for their vehicle is gonna be. Needless to say I am anxious as he'll. My fault 100% and I'll own up to my mistake, is there anyway to estimate how much I'm looking at here
Posted by Another_Anon_Person
1 Comment
It’s impossible for anyone to know how much this will affect your rates. You’ll know when you get your renewal. If the rates aren’t something you can live with, you can always shop it to see if you can find a better rate.
And the term you were searching for is “collision,” not “collateral.” That covers damages to your own car.