My wife had an accident this morning in her 2003 Grand Am GT. The car slid down a parking lot ramp backwards into a concrete wall. While the car was sliding down the ramp, the drivers side was scraping along a concrete wall. Single vehicle accident, damage to the side (scratches, dents), power mirror ripped off, front bumper cracked, rear bumper scratched and cracked. We were quoted $2500 tax included to fix. I'm trying to determine whether to claim this or pay out of my pocket. This would be my wife's first accident. How long can the insurance company charge inflated rates for this accident, does an accident stay on your records for 3 or 6 years? I'm just trying to weigh the costs of making a claim vs. paying out of pocket. Opinions?