Only 2 things can make Tracy Morgan feel better about wrecking his $2 million Bugatti ... insurance and this -- the accident wasn't his fault ... TMZ has learned.
Just Tracy's luck ... an NYPD traffic agent happened to be on the corner of 42nd Street and 10th Avenue Tuesday afternoon when the costly fender bender went down. Law enforcement sources tell us the traffic agent witnessed Tracy cruising westbound on 42nd Street and preparing to make a legal turn onto 10th Ave. when the Honda collided with him.
We're told, to the traffic agent's eyes ... the Honda did NOT have the right of way. The driver of that vehicle is a woman named Joycelyn Madulid. She told the NY Post she had no clue she'd hit a celebrity -- "The people were taking pictures of him and the car. I asked the traffic officer, why people taking pictures and he said, 'You don't watch TV? That's a famous guy.'"
As we first reported, Tracy had juuuust purchased the Bugatti Veyron ... like, literally drove it off the lot. That might explain why you can see him banging on the woman's window immediately after the wreck -- sounds like he yelled, "Get the f**k out the car!!" Joycelyn said she was terrified.
Most of the damage to the Bugatti's carbon body was on the front left quarter panel. Doesn't look like a ton of damage, but when the whip costs $2 mil ... it's all relative.