It will depend upon your insurance company's rating system if this accident (fender bender) will affect your insurance rates.

Even though a claim was not made, due to the fact you were at fault in the incident and it is either on your driving record or you informed your insurer about it, your insurance carrier may still find you more of a risk and increase your premium amount at renewal time.

In most cases, an insurance provider will impose a surcharge or charge 'points' to driver's who have been charged with an accident and/or who have made a claim against their policy. If you have had a good record, and you have been with a particular company for more than five years, there are some car insurance companies that will not increase your rates if you are found to be at-fault in a relatively minor vehicular accident.

If instead you was considered a major accident, you are could receive a big raise in your insurance premiums. There could be severe insurance and legal consequences if you are involved in a major accident with serious bodily injury and you are the at-fault driver. There could be a dramatic increase in insurance rates or even a cancellation of coverage, subject to state law.

To find out how much your insurance could go up at renewal time for your fender-bender, contact your insurance agent. He or she should be able to explain the carrier's rating system. Also insurance companies must file their rates with the state's insurance regulator if you instead would like to contact them for information on your provider's rating system.