<prompt> Human: I recently got in an accident and I havent called my insurance where I rear ended someone. The guy says it will be 1822.41. I have 5000 in an emergency account and I can pay this out of pocket. Would it be best long term to do this? How will this accident effect my insurance?x200B;I have Geico and currently pay 468.80 every 6 months. Ive never made a claim or been in an accident before. I also have a recent speeding ticket first ticket after 8 years of driving that I plan on hiring a lawyer to try and fight. I guess its been a rough month driving for me. Googling a bit led me to believe that these two together could have a larger effect on my insurance. If any other info is needed I can provide it. Looking for some advice.x200B;Edit: Digging a little deeper Geico does say I have a ParkedParking claim in 2016. I think this was from when a golf ball broke my windshield while my car was parked. I dont believe they ever paid for the windshield though.x200B;Edit2: I also have a 5 year good driver discount through Geico for 49 per 6 months which I imagine will go away. How long do accidents typically effect insurance and what will it cost me in the long run versus paying out of pocket?x200B;Edit3: Noticed I have accident forgiveness as well.  <response>: I know you dont want your insurance premium to go up, but itll be cheaper than when this guy comes back in a few months with a five-to-six digit hospital bill. Let insurance handle this. 