Paying for the damages to your vehicle will be under the collision portion of your insurance policy. If you deductible is $500 or more you might want to fix the damage yourself instead of putting in a claim.

Insurance companies differ on how they determine the raising of premiums. If you do put in a claim for this your premiums could go up. Or then again your insurance company might find it to be a minor issue and instead look at your good driving record and not raise your rates.