I have alot of experience with SF. My aunt is an agent and my ex-wife has worked for them for 10years. I have been with SF for 14 years.
It will be covered under your Comp.
As long as you haven't had a bunch of tickets and shit recently, your insurance shouldnt go up.
Contrary to popular belief, they don't raise your insurance every time something happens.
I have had 2 totals in the past 5 years (2004 Polaris Scrambler and 2006 GSX-R1000) not to mention 3 speeding tickets and my insurance hasn't went up $1.
Well, it has went up...but only because i keep buying more shit.
Another myth is that your insurance goes up when you get a speeding ticket. First of all, the state doesn't call SF and say "asshat got another speeding ticket
". SF will only check your DMV if they are given a reason too (policy change, wreck etc). In other words, you could go years getting multiple speeding tickets and they would never know.
Secondly, some companies allow 1-2 speeding tickets a year, especially if you are a long term customer.
Alot of it depends on the relationship you have with your agent...and the relationship he/she has with the underwriters. I can't say if/how much your insurance will go up because i don't know your situation...but i doubt it will.
Something to consider is fixing the bike yourself. If it is just some levers, rashed bodywork and shit like that...fix it yourself off ebay. You probably have a $500 deductable (or higher) and there is no sense in claiming $1,000 worth of damage.
SF keeps accidents on record for 3 years. If you claim a little chickenshit incident now, you are basically using one of your free passes up...which means that if you have a major incident soon...they could drop you or raise your rates then.
BTW - make sure you stick to the whole "dog ran out in front of me