Hey Iíve never been in an accident before, and could use some advice. I got into a minor accident, I know it would be my fault according to insurance companies. I donít want to report it since my premium would rocket and I'm not the policy holder.

Hereís the question: The other guy agreed to solve it away from insurance, so I pay for his damages directly. He told me that he called his insurance company and put a claim on hold just in case.

Now, if he puts a claim on hold to cover himself in case I donít pay, will his insurance company call my insurance company at that point, and tell them that I have been in an accident? Can he put a claim on hold with his company without giving them my personal information?

Basically, I don't want to pay for his damages out of pocket AND have my premiums increase.