One problem with a DIY approach to dealing with repairs is the small print on most insurance policies: providers generally say that customers should report any and all accidents, whether they want to make a claim or not.
If you fail to come clean about an accident and the insurer finds out, it could cancel your policy or refuse to pay out on a subsequent claim.
But even if you aren’t claiming, your premiums may still increase in future because you have been involved in an accident – albeit one that didn’t leave the insurer out of pocket. Strictly speaking, you should declare all events, whether you claim or not, to your insurer.
thats not saying that i havent done the very same thing in the past but i will say it was for a much more minor incident