If you were not at fault in the accident and use your own insurance policy, your insurance premiums should not go up. However, if you were at fault in the accident, you will likely see an increase in your insurance premiums. Many people are reluctant to seek compensation from their own policy following an accident. However, you’ve paid for the insurance policy so it’s there if you need it. In most instances, if you are using your own insurance policy, it’s because you have suffered a significant injury. The benefits you will receive from the policy will far outweigh any possible but unlikely insurance premium increase.