The real cost of an auto insurance claim

CNBC reports:

Think twice before filing an insurance claim over that fender-bender or other minor damage. It could cost you big time.

One $2,000 property damage claim is enough to hike your auto insurance rate at renewal by an average 41 percent, according to new data from InsuranceQuotes.com. A typical consumer would pay $1,250.50 per year, they say, instead of $814.99.

"That's pretty hefty," said Laura Adams, senior analyst at the site. Bodily injury claims tend to be even more expensive, raising rates by an average 45 percent. There's also some variation depending on the state you live in, based on varying insurance regulations.

Hefty.