Will a Hit-and-Run Claim Raise My Insurance?
TL;DR: Will a Hit-and-Run Claim Raise My Insurance Rates? Everything You Need to Know
Hit-and-run accidents & insurance – Covered by uninsured motorist or collision insurance.
Insurance rate impact – Premiums may rise if you file under collision coverage but not under uninsured motorist coverage.
State laws affect premiums – Some states prohibit rate hikes for no-fault claims.
Preventing premium increases – Filing a police report, understanding your coverage, and driving safely help.
Expert assistance – Shoreline Public Adjusters can help you navigate hit-and-run insurance claims for maximum compensation.
Overview
Being involved in a hit-and-run accident is stressful enough without having to worry about how it will impact your car insurance. Many drivers wonder: Will filing a hit-and-run claim raise my insurance? The answer depends on several factors, including your insurance policy, state laws, and whether the at-fault driver is identified. In this article, we’ll break down how hit-and-run claims work, whether they affect your insurance rates, and what you can do to minimize potential increases.
Understanding Hit-and-Run Insurance Claims
What is a Hit-and-Run Accident?
A hit-and-run accident occurs when a driver causes a crash and leaves the scene without stopping to exchange information or assist injured parties. This type of accident can involve another vehicle, a pedestrian, or even property damage. In most states, fleeing the scene of an accident is illegal and carries significant penalties.
Does Insurance Cover Hit-and-Run Accidents?
Coverage for hit-and-run accidents depends on your auto insurance policy. Here are some common types of coverage that may help:
Uninsured Motorist (UM) Coverage: Covers damages if the at-fault driver is unidentified or uninsured.
Collision Coverage: Pays for vehicle repairs regardless of fault, but requires a deductible.
Personal Injury Protection (PIP) or Medical Payments Coverage: Covers medical expenses regardless of fault.
If you lack the right coverage, you may be responsible for out-of-pocket costs.
State-Specific Laws for Hit-and-Run Claims
Each state has different regulations regarding hit-and-run claims. Some states prohibit insurers from increasing premiums for no-fault accidents, while others allow insurers to raise rates depending on claim history. For example:
Florida: No-fault state, but uninsured motorist coverage is recommended for hit-and-run cases.
Minnesota: Requires uninsured motorist coverage, protecting policyholders from premium increases.
Wisconsin: At-fault state, meaning claims may impact your rates unless the responsible driver is found.
Checking with your insurance provider and state laws can help you understand your options.
Will Filing a Hit-and-Run Claim Raise Your Insurance Rates?
Factors That Affect Insurance Rate Increases
Insurance companies determine rate increases based on various factors, including:
Fault Determination: If the insurer determines you were not at fault, your rates may not increase.
Claim History: A history of multiple claims can lead to higher premiums.
State Laws: Some states prohibit insurers from raising rates for no-fault claims.
Insurance Company Policies: Each insurer has different rules regarding premium increases after claims.
When a Hit-and-Run Claim May Not Raise Your Rates
If you have uninsured motorist coverage and live in a state where insurers cannot penalize you for hit-and-run claims.
If the accident is not your fault, and your insurer follows a no-fault policy for hit-and-run incidents.
If your policy includes accident forgiveness, which prevents rate hikes for your first claim.
When a Hit-and-Run Claim May Increase Your Premium
If you use collision coverage, your insurer may consider it a standard at-fault claim.
If you have filed multiple claims within a short period.
If you have a high-risk driver profile, your rates may increase regardless of fault.
How Insurance Companies Handle Hit-and-Run Claims
Different insurers have different approaches to hit-and-run claims. Some companies, such as State Farm, GEICO, and Progressive, may offer accident forgiveness or waive deductible costs under specific circumstances. However, other insurers may treat hit-and-run claims similarly to at-fault accidents, leading to increased premiums.
Real-World Examples of Hit-and-Run Insurance Claims
Case Study 1: No Premium Increase
John, a Florida driver, was rear-ended in a hit-and-run accident. Since he had uninsured motorist coverage, his insurer covered the damages without increasing his premium. Florida’s no-fault laws protected him from financial penalties.
Case Study 2: Premium Increase Due to Collision Claim
Sarah, a Wisconsin resident, had her car hit in a parking lot. She filed a claim under her collision coverage, which resulted in a 10% premium increase. Since Wisconsin is an at-fault state, her insurer considered the claim part of her risk profile.
What to Do After a Hit-and-Run Accident
Steps to Take Immediately
Stay at the Scene & Call 911: Report the accident to law enforcement.
Gather Evidence: Take photos of the damage, accident location, and any debris.
Look for Witnesses: Ask nearby individuals if they saw the incident.
Notify Your Insurance Company: Provide all details, including the police report.
Check Your Coverage: Understand what part of your policy applies.
How to Prevent a Rate Increase After a Hit-and-Run
File a Police Report: Insurance companies may require an official report for hit-and-run claims.
Consider Paying Out-of-Pocket: If the damage is minor, handling repairs without filing a claim can prevent a premium hike.
Maintain a Clean Driving Record: Safe driving and no claims for an extended period can help lower rates.
Proactive Measures to Protect Yourself
Install a Dash Cam: Provides evidence to support your claim.
Park in Well-Lit Areas: Reduces the risk of hit-and-run incidents.
Increase Your Coverage: Consider adding uninsured motorist and collision coverage for extra protection.
Conclusion
So, will a hit-and-run claim raise your insurance? It depends on your coverage, state laws, and insurer policies. If you have uninsured motorist coverage, you may be protected from rate increases. However, if you file a claim under collision coverage, your premium may rise. To avoid financial setbacks, make sure you have the right insurance coverage and follow the necessary steps after a hit-and-run accident.
If you’ve been involved in a hit-and-run accident and need assistance with your insurance claim, contact Shoreline Public Adjusters today! Our experts can help you navigate the claims process and ensure you receive the compensation you deserve.
Shoreline Public Adjusters, LLC
780 Fifth Avenue South
Suite #200
Naples, FL 34102Email: hello@teamshoreline.com
Phone: 954-546-1899
Fax: 239-778-9889
