Auto Insurance Rates in Colorado

Reader’s Question:

What if I report a hit and run to my insurance carrier in Greeley, Colorado and I was not at fault will my insurance rates go up?

Wright

Greeley, CO

In most states the insurance regulations in place do not permit car insurance rates to be increased due to certain cases such as a hit and run or uninsured/underinsured insurance claim. But in states that do not govern if insurance rates can be affected for these types of insurance claims then it will be up to the individual insurance carrier’s guidelines and rating system to decide if your insurance rates would increase.

Your car insurance agent in Greeley, Colorado should be able to inform you more about your insurance company’s rating system and if a hit and run claim will affect your car insurance rates. Your state’s insurance regulatory body will be able to inform you about state insurance laws and may also be able to advise you specifically about your insurance company’s rating system since car insurance rates must be filed with this state agency.