I was involved in a minor accident where there is almost no damage to the other guy's car but a Police Report was made anyway. We decided to resolve the issue where I agree dto pay him X amount to have his bumper painted. My question is since Geico was already made aware of the situation, I was told that although the case can be closed it will eventaully go to the underwriting dept, regardless of whether they paid out anything or not. Will my premiums be increased anyway? If so why make the agreement and pay out of pocket?
Question#2:
If my insurance is not renewed based on car accidents can my drivers license be suspended?
