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It should not affect your rates. However, if you have several hit-and run claims, they're going to start investigating.

AnswerActually, I was in a hit and run and my insurance company used my collision insurance to cover the total loss of my car. SO... now when I go to "shop around", my underwriters report shows only this:

Collision Reimbursement: $5,919. As a result my insurance rates are very high. There are no surcharges because I was not "At Fault" but the rates themselves are higher than normal.

I'm trying to figure out how to "re-categorized" the claim under the "uninsured motorist" claim so that my rates will be normal. It's a nightmare.

beware!

My spouse was the pedestrian in a hit and run and required $25000 in medical damages. Health Insurance wouldn't pay so we used no fault. No other moving violations or claims were on our insurance. After the pay out (1yr later) the rates quadrupled. It was ridiculous. We had a new car payment at the time and had to have full coverage. Everywhere we went that $25000 claim erased the good quotes we initially received with all insurance carriers. Even when we explained there was no moving violation on our part the spouse was a pedestrian crossing the street at the corner in the middle of the day. It took 5 years after the payout for the rates to go down. Terrible experience and that was just part of the financial end. Lost wages, permanent damage...

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โˆ™ 2012-01-06 16:04:40
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Q: Will the insurance premium increase when you file a claim for collision in hit and run case and do not know who hit the car?
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Related questions

If you are driving a friend's car and have a minor collision does this affect his insurance premium since you are not included in the insurance plan?

Yes. If a claim is made and found valid, his insurance rates will probably increase. It depends on the past history of the insured of how much the premium will rise.


What is a collision claim?

A claim that you make on your own insurance for repairs due to a collision.


Would the insurance premium of the car owner increase if he was not the actual driver at the time of an accident?

If a claim is made against his insurance...yes.


How much do insurance rates increase after claim?

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Would your insurance premium go up if you rear-end someone and your own damage is a few thousand but there is none on others?

If you file a claim with your insurance company for your own damage (if you have collision insurance) yes...probably.


How can one file an insurance claim for a rear end collision?

One can file an insurance claim for a rear end collision by going to one's insurance carrier's collision center, and filling out the necessary paperwork as they take a look at your vehicle.


Should you file a claim with your insurance?

It all depends. I personally only file a claim if it's going to cost significantly more than my deductible, is worth the effort to fix it, and I'm ready for my insurance premium to increase. If you are careful about how many claims you make and how often, you should be ok. Also, a comprehensive claim on your auto is judged less harshly than a collision claim. Accidents are the biggest increase of premium usually. If it's a towing claim, or a small (under 1000) comprehensive it's not too bad. With homes, the risk is higher to be cancelled at renewal if you put in a claim. Make sure it's worth the increase of premium for the next 5 years. That's how long a claim stays on a CLUE report. Good Luck! Hope that helped a little!!! :)


How much will your bike insurance go up after a claim?

Your insurance can vary based on quite a few variables, not just a claim. Some claims will not result in a premium increase and some claims will raise them based on the severity of an accident.


Did your premium increase when you canceled the claim process and paid for the damages yourself or left it damaged?

Any time you file a claim you run the risk of your premiums raising due to the labor the insurance company put into your claim.


How long pay insurance premium to Insurance Company after truck accident?

You will continue to pay insurance premium to renew the policy,irrespective of the claim to be submitted after truck accident.


What is no claim bonus in health insurance?

When you do not claim on your health insurance during a particular year, the insurance company provides you with a no claim bonus. This increases your sum insured at the same premium or reduces your premium while maintaining the same sum insured - depending on the no-claim bonus feature offered by the chosen insurer. Sometimes, this bonus also comes as a discount on your premium at renewal.


Will my car insurance go up for hitting an animal?

Generally your auto insurance will not increase for an animal collision. This is paid by your comprehensive coverage on your auto insurance. The only danger of an increase is if your carrier gives you a discount for not having any claims for a certain period of time. You will loose this claim free discount if you have one. You will not incur any surcharges or points for an animal collision.

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