Will A Hit and Run Raise My Insurance Rates?

The worse kind of accident on the roads today are “Hit and Run” accidents. These types of accidents are exactly what they sound like — when another vehicle drives off after hitting your vehicle. Did you know that hitting a parked car, and driving off is considered a Hit and Run

Will A Hit and Run Raise My Insurance Rates?

You’re bound to be the victim of a Hit and Run incident, during some point in your life unfortunately. The good news is that your rates should be unaffected. Hit and Run accidents are common and insurance companies usually do not fault the other driver for the incident.

The real question is if the accident will be covered. There are two coverages that would cover a Hit and Run: Uninsured/Underinsured Motorist (UM) and Collision. Insurance companies offer Uninsured Motorist coverage for times like these. Hit and Run incidents are covered minus your deductible in most cases. If you do not carry UM, then your Collision coverage should pick up the cost – minus your deductible. That’s one of the best reasons you should carry UM or Collision at all times.

Regardless, if you’re involved in a Hit and Run, or have questions about coverages contact our Agency. Our agents can provide you the best advice for handling your claim. Call us today (732) 680-4444.