Will my insurance rate rise if I make a claim?

[jayk]

I was a victim of a hit and run in a parking lot (came back and car was damaged). Should I report this to insurance as I'm afraid they will raise my rate.

Or, will they give me option of not making claim and leaving insurance as is (just afraid that once they hear my question of should I make a claim, they will automatically raise my rate).

I'm with high risk insurance now,

[sixer]

No, your rate will not go up as your not at fault. But, you do need a police report and your collision deductible will apply.

You can only make a police report within a certain time period I believe, you'll have to validate.

Otherwise, Insurance Company won't know if this was a single vehicle accident you did yourself, in which case would be at fault and rates would go up.

But Hit and Run in general, never will this impact your rates, even if you have several within a year or two.

[COSMIC5]

As long as this was reported to the police, hit & runs do not go against you, however, your insurance company will ask for proof that the vehicle has been repaired if you do not file a claim.

I was a victim of a hit and run in a parking lot (came back and car was damaged). Should I report this to insurance as I'm afraid they will raise my rate.

Or, will they give me option of not making claim and leaving insurance as is (just afraid that once they hear my question of should I make a claim, they will automatically raise my rate).

I'm with high risk insurance now,

[Crinkle_cut]

If you have a police report, then you will be fine.

[Trowa]

reporting still leaves a small blemish on your record. which is passed onto other insurance companies if you decide to change companies.

[Crinkle_cut]

I think the difference with this and a not at fault accident claim is that this is solely a not at fault comprehensive claim only.

[COSMIC5]

This is a not at fault collision claim not a comprehensive claim.

I think the difference with this and a not at fault accident claim is that this is solely a not at fault comprehensive claim only.

[TrevorK]

You may lose whatever sort of "claim free" discounts you currently possess.


Further, in the future you should explore what options your insurance carrier offers. For instance, we have one that will waive the deductible on a hit and run claim, provided you report it to police with 24 (or 48) hours.

[COSMIC5]

...

[Trowa]

I'm just speaking from experience. That stupid Not At Fault Accident stayed with me for a number of years and prevented me from switching insurance companies as everytime I did the other insurance company stated that they saw it on my record and there was a premium because of it and it increased my insurance slightly the year after.

Lets just say after that I'd rather do everything OUTSIDE of insurance. If its just a bump, forget about telling insurance.

I'm entitled to my opinion and my opinion is that insurance companies are a huge pain in the A$$ and a big rip off in this province. ONTARIO

[COSMIC5]

Was there a bodily injury claim to go with that from either you or the other party?

I'm just speaking from experience. That stupid Not At Fault Accident stayed with me for a number of years and prevented me from switching insurance companies as everytime I did the other insurance company stated that they saw it on my record and there was a premium because of it and it increased my insurance slightly the year after.Lets just say after that I'd rather do everything OUTSIDE of insurance. If its just a bump, forget about telling insurance. I'm entitled to my opinion and my opinion is that insurance companies are a huge pain in the A$$ and a big rip off in this province. ONTARIO

[jayk]

I guess it's too late for me to make a report since it happened more than 48 hours ago

[tjthemanto]

I guess it's too late for me to make a report since it happened more than 48 hours ago

Why tell them it happened more than 48 hrs ago ?

What if you tell them it happened only 24 hrs ago ?...its very unlikely the insurance companies or cops are going to come to the parking lot & check the security cameras or anything :D

[tjthemanto]

I was a victim of a hit and run in a parking lot (came back and car was damaged). Should I report this to insurance as I'm afraid they will raise my rate.

Or, will they give me option of not making claim and leaving insurance as is (just afraid that once they hear my question of should I make a claim, they will automatically raise my rate).

I'm with high risk insurance now,

Just wondering if you only have third party liability but no collision/comprehensive insurance will your Insurance company still cover the damage to your car in this case since ITS NOT YOUR FAULT or do they only cover it if you had collision/comprehensive ?

Since they don't have the other guy & you don't have collision will they still cover damage to your car ( not bodily injury ) but just property damage to your car if its a hit & run on your parked car ?

[Trowa]

Was there a bodily injury claim to go with that from either you or the other party?

No bodily injury claim what so ever.

[COSMIC5]

This would be covered under collision and you would just pay your deductible.

Just wondering if you .only have third party liability but no collision/comprehensive insurance will your Insurance company still cover the damage to your car in this case since ITS NOT YOUR FAULT or do they only cover it if you had collision/comprehensive ?Since they don't have the other guy & you don't have collision will they still cover damage to your car ( not bodily injury ) but just property damage to your car if its a hit & run on your parked car ?

[COSMIC5]

Then, I don't know why you would have had an issue...

No bodily injury claim what so ever.

[Trowa]

To insurance companies. An accident is and accident. regardless if you are at fault or not.

When reporting an accident to insurance, be sure that you are going to stay with that insurance company for atleast 5 years after. If you decide to change to another company that accident will definatley get you a higher premium with a different insurance company. The other insurance company won't give 2 sh*ts that it wasn't at fault. They see it as a claim and an accident non the less.

[ginko123]

Don't we all pay premiums to be covered in instances like these? We're not paying almost $100's of dollars every month just for the sake of driving a car on the road?

So why are people so afraid of making a claim? I know some insurance companies offer '1st AT FAULT' free something so you are forgiven!

[rems]

To insurance companies. An accident is and accident. regardless if you are at fault or not.

When reporting an accident to insurance, be sure that you are going to stay with that insurance company for atleast 5 years after. If you decide to change to another company that accident will definatley get you a higher premium with a different insurance company. The other insurance company won't give 2 sh*ts that it wasn't at fault. They see it as a claim and an accident non the less.

umm you`re not allowed to rate a driver based on not at-fault accidents...
If you get into an accident and are purely not at fault, then they can`t use that accident to give you a higher premium...regardless if you`re a renewal or new business...

http://www.fsco.gov.on.ca/english/insurance/auto/undautoins.asp#whatInsCompCantUse

What Insurance Companies Can't Use to Determine Rates
Your insurance company cannot use the following rating criteria to determine how much you should pay for automobile insurance:

credit history,
bankruptcy,
employment status,
whether you own a credit card,
how long you have lived in your current home,
not-at-fault accidents,
whether your vehicle is owned or leased, and
whether there was a period of time where you had no automobile insurance coverage.

[COSMIC5]

Only if you have accident waiver protection....(on at fault accidents)

Don't we all pay premiums to be covered in instances like these? We're not paying almost $100's of dollars every month just for the sake of driving a car on the road?
So why are people so afraid of making a claim? I know some insurance companies offer '1st AT FAULT' free something so you are forgiven!

[COSMIC5]

Ah, wrong, companies can only rate you for AT FAULT ACCIDENTS. At fault accidents are usually rated for 6yrs. They would, however, be concerned if they see a huge AB payout...regardless of fault.

To insurance companies. An accident is and accident. regardless if you are at fault or not. When reporting an accident to insurance, be sure that you are going to stay with that insurance company for atleast 5 years after. If you decide to change to another company that accident will definatley get you a higher premium with a different insurance company. The other insurance company won't give 2 sh*ts that it wasn't at fault. They see it as a claim and an accident non the less.

[Insurance-Broker]

Ah, wrong, companies can only rate you for AT FAULT ACCIDENTS. At fault accidents are usually rated for 6yrs. They would, however, be concerned if they see a huge AB payout...regardless of fault.

So true!

what's that saying about "once they taste blood"? ;)