The Get Him To The Greek star was leaving the set of his new movie Arthur with a pal when a truck shunted the rear of his $233,000 (£150,000) Lamborghini Superleggera.
Brand, who was a passenger in the vehicle, suffered cuts and bruising on his arm, according to Britain's Daily Mirror.
A source tells the publication, ""The whole incident was pretty terrifying. Russell was very shaken. He refused to go to A&E (accident and emergency department at hospital) despite severe bruising on his arm and cuts.
""He's gutted as he's only just taken loan of the car.""