From Yahoo Finance: 2023-12-19 16:22:00

Hit-and-run accidents are unfortunately common, with 2,932 fatal incidents reported in 2022. If you’re a victim, it’s important to know how to react and how your insurance can help. State laws define hit-and-run and what steps to take when someone leaves after hitting your car.

In a hit-and-run, it’s crucial to stop, call emergency services, and not chase the driver. File a police report, look for witnesses, and contact your insurance company as soon as possible. Coverage may include uninsured motorist, collision, and medical payments for injuries.

If you have to pay a deductible for a hit-and-run claim, it will vary based on your coverage. The impact on your insurance rates may be minimal since hit-and-runs are typically considered non-fault accidents. Filing a claim for a hit-and-run may involve more paperwork than usual.

Hit-and-run drivers face penalties ranging from higher insurance rates to jail time and fines. It’s important to report the incident promptly to ensure a thorough investigation. Consider the costs and benefits of filing a claim if you’re the victim of a hit-and-run.

Read more: Here’s what to do if you’re involved in a hit-and-run crash