A $13k claim would make that increase in premium quite significant, though, for a <4 mph ding that would normally be settled by both parties without any insuran

A $13k claim would make that increase in premium quite significant, though, for a <4 mph ding that would normally be settled by both parties without any insurance involvement. For comparison, the average "newer used" (1-3 years old) car in 2017 sold for $15374, so a low speed car park ding cost almost as much as destroying a nearly-new car. 1: http://www.mlive.com/business/index.ssf/2016/12/5_things_to_know_if_youre_buyi.html http://www.mlive.com/business/index.ssf/2016/12/5_things_to_...