If you tell your insurance company that you were in a minor collision with no damage — not even a scratch — your insurance rates might still take a hit.
“It depends on the company, they may say: ‘It was technically a collision, so from a risk perspective we’ll keep it on your record,’” said Pete Karageorgos, IBC Ontario manager of industry and consumer relations. “My question is: if there was no damage, why would you exchange information or report it?”