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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...

2012-01-06 16:04:40
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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?

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