Do You Have to Report a Car Accident to Your Insurance Company?

November 8, 2010

"Do you have to report a car accident" is a question asked by many in such a situation. Yes, you should report any car accident to your insurance company, even if you are planning on covering the costs yourself and not claiming on the insurance. The reason for this is because an accident can damage the value of the car and your policy will need to be adjusted accordingly. However, from a consumer point of view, the main reason is that if the insurance company finds out that you had an accident and they were not aware, then they could cancel your policy. However, you do not need to contact them immediately. Any time within 48 hours is acceptable.