Is it worth involving my insurance?
From what I’ve gathered, any claim with insurance could lead to an increase in my rates.
I’m based in California, but the accident occurred at a gas station in Carson City, NV. I was the victim of a hit-and-run and was too shaken to note the other driver’s license plates. I’m in the process of obtaining video footage from the gas station.
The repair cost is likely between $2500 and $3000. While I could cover the expense myself, I’d prefer to save that money.
Should I get in touch with my insurance company?
I’m sorry to hear about your situation; hit-and-runs can be really stressful. If you’re considering whether to involve your insurance, here are a few things to think about:
Cost of Repairs vs. Deductible: If the repair costs are estimated to be around $2,500-$3,000, check your deductible. If your deductible is close to or higher than the repair cost, it may not be worth involving insurance.
Potential Rate Increase: You’re right that filing a claim can lead to increased premiums. Even if you’re not at fault, some insurers apply surcharges after any claim. It’s a good idea to ask your insurance company how they handle hit-and-run claims before making your decision.
Uninsured Motorist Coverage: Since it was a hit-and-run, if you have uninsured motorist coverage, it may cover your damages. Check your policy details.
Evidence: Getting the video from the gas station could be helpful. If it shows the incident and the other driver, it may bolster your case if you decide to involve your insurance or pursue action against the driver.
Time Considerations: If you choose to pay out-of-pocket, consider that you may want to take the time to gather all necessary evidence first, especially if you plan to file a claim later.
Ultimately, the decision is up to you and what you’re most comfortable with financially and in terms of dealing with insurance. If you’re still uncertain, a quick chat with your insurance agent might help clarify things for you.