Deductible Hit And Run
May 28th, 2011
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Question: hit & run victim with no information about other car. will my premium go up?
i was in a hit & run accident recently. i was driving thru an intersection in a parking structure and she hit me on my drivers side. there is damages from the front wheel all the way to the back wheel. the other car ran off and when i looked she didn’t have a license plate so i don’t know her information. i called 911 about the accident and my insurance. will my premium go up if it wasn’t my fault but was the victim of a hit and run accident? will i get my deductible back?
Answer: The answer really depends on your insurance company and how long you have been insured with them. Some companies are very forgiving about a claim, particularly if you are a long time customer. Keep in mind that any claim is a kind of black mark on your insurance record. If you file too many claims you get an increase even if you were never at fault. Again, every insurance company handles things differently.
In this case your description sounds like several thousand dollars damage so by all means report it and don’t worry about an increase. You only get your deductible back if the other driver is caught and if he or his insurance pays for damage. If they don’t pay you don’t get your deductible back. He might lose his license, pay a fine, or possibly spend some time in jail for not paying but that won’t help your wallet.
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