When your car is struck by another vehicle but the offender drives away, is the damage covered by your auto insurance? There's a chance it will be covered depending on the policy you've signed up for. That's why you should be clear on what your auto insurance covers since not every standard auto insurance policy covers hit-and-run accidents.
It depends on the circumstances of the accident and what your policy covers. If you have uninsured motorist bodily injury coverage, you will not have to pay a deductible. However, you may have to pay a deductible if you use your collision coverage to file a claim. It's possible to pay multiple deductibles if you file multiple claims, such as with both PIP and collision insurance.
Filing a hit-and-run claim will stay in your insurance record and can be seen by other insurers. One claim probably isn't going to change your premium, but if you regularly file claims, it will likely increase your rates. The frequency of claims can impact your insurance costs, according to the National Association of Insurance Commissioners.
The liability portion of your auto insurance plan covers neither your medical bills nor car damage following a hit-and-run accident. Liability coverage will pay third-party property damages and injuries resulting from an at-fault accident. If you are struck by another driver, their liability coverage will pay for your medical and car repair costs. However, in a hit-and-run scenario, you'll need more than just liability coverage to pay your bills. You will need either comprehensive, PIP, or uninsured motorist coverage.
Many people who finance their cars through a conventional lender must carry full coverage, whereas most states only require liability coverage. Some states like New York require uninsured or underinsured motorist coverage along with personal injury protection. Therefore, get coverage depending on your state requirements.
Accidents happen unexpectedly, so it's best to be prepared for any type of car collision, regardless of who is at fault. Defensive driving can help prevent accidents, while auto insurance covers losses resulting from such mishaps.