Accidents must be reported to authorities if damage exceeds what amount?

In Georgia, the law requires that any motor vehicle accident resulting in property damage exceeding $500 must be reported to the appropriate authorities. This reporting is essential for legal and insurance purposes, ensuring that all parties involved have a record of the incident, which can be crucial for claims and potential legal actions that may arise from the accident. Understanding this reporting threshold helps drivers be aware of their responsibilities following an accident and promotes accountability on the road. When the damage is under this specific amount, it may not require a formal report, although exchanging information with the other parties involved is still encouraged for safety and insurance reasons.