Okay, I live in Pennsylvania and recently I had a lapse in my auto insurance (about 40 days) because of some personal issues I had and never got around to buying insurance again (I know, big mistake). Anyway, I got into a small accident, my car, which is in my name, is perfectly fine with no dents, marks, etc. The other driver has insurance and his car (a 2003 Benz) had a small crack in the rear bumper. We pulled over and got eachothers information. No police or tow-trucks were involved (we just left after we got eachothers information, both of us are from Pennsylvania where the accident occured). Anyway, I told the guy that I didn't want to report a claim and I would just pay him cash (he didn't know I didn't have insurance, so I'd figure I pay it), but the thing is, it's a 2003 Benz and it'll cost $4,000 to fix with paint and all. I told him I'll check my funds and I'll get back to him. I don't have this much money and I haven't called him back yet.
I know this situation sucks, but if I don't have the money, what law penalties, fines, etc. am I facing?
Thanks in advance!