How will a car accident affect my chances of college?

Today I was at fault for a car accident, and I am applying to colleges in a month.

What happened was that I was on a small street at an intersection (no traffic lights) with a busy street. I was trying to get across the busy street, but I had bad judgement. Another car hit me, but I am at fault because of right of way laws. I accept my mistake and Im sorry for it. There were no injuries whatsoever, but both our cars are damaged.

However, there were no police officers around and I didnt get a ticket or anything, and we quickly got our insurance companies involved and resolved the issue. As Im applying ED to an Ivy League school, I was wondering how this incident would affect my college admissions chances?

Thanks in advance for your help.

none. As long as you didnt run or create a felony, no issue. I literally totaled my car by street drifting and it made no difference.