Final answer:
You need to report a collision to BMV if it results in damage over $1,000. This requirement helps manage the financial implications of accidents and maintain proper records.
Step-by-step explanation:
You must report a collision to BMV if your car causes damage of more than $1,000. Therefore, the correct answer to the question is option c) $1,000. It is essential to know the rules concerning collision reporting as it relates to car accidents and the financial implications. In the example provided, medium-sized accidents cost an average of $1,000 in damages, indicating that collisions of this scale or greater require reporting to the appropriate motor vehicle authorities.