How to Salvage Your Finances after Your Car is Wrecked in a Hit and Run

Any collision requires careful documentation and follow-up with one’s insurance. However, after a hit and run, many drivers aren’t sure what to do. With the culprit nowhere to be found and the car a total wreck, drivers often wonder how they can pick up the pieces. Read on for four ways to fix your finances after your car has been totaled by an unknown driver.

Know Your Insurance Coverage

Liability insurance exists for scenarios like a hit and run. Unfortunately for most people, being the victim of a hit and run can result in them being at the center of a civil suit and subject to liability, as the culprit’s insurance will not be paying for the resulting expenses. 

There are a variety of coverages that a hit and run may fall under depending on the circumstances. These circumstances will also dictate whether or not you pay a deductible. However, if the driver is not found, it’s important to know that the hit will go on your insurance record.

Work with Auto Attorney for Full Insurance Payout

With hit-and-runs, there can be several legal consequences. For many people that aren’t covered by their insurance for hit-and-runs, they may not be able to get the full insurance payout. This is where auto accident attorney services come in. 




These attorneys will do the negotiating on behalf of their clients to get the full payout possible. This is especially important when deductibles and other expenses are involved, as every penny that your attorney can get you will count. It’s best to have your ideal attorney picked out before you need them so that you can take the time you need to compare services and fees.

Work with Police and Collect Evidence

When a hit-and-run occurs while you’re present, it can be tempting to drive off and chase the culprit. However, leaving the scene will compromise the facts of what happened. Additionally, drivers that do leave aren’t able to get eyewitness testimony that may help them later on when it comes to speaking with their insurance and the police. 

By staying at the scene, filing a police report, and collecting photos for evidence, victims of hit-and-runs will have a more solid case to present to their insurance. Traffic cameras in the area may also be able to pull up a license plate for the offending car.

Use Credit Repair Services

If held liable, a hit-and-run victim will likely take a hit to their finances. Even though they weren’t at fault, the costs of repairing a totaled car, paying for a rental, and any missed work as a result of not having a vehicle can take a toll on their credit. 

Most of this will be able to go onto the victim’s insurance, but the claim itself will still fall under their insurance history and the deductibles may still affect their credit. In the event that this happens, drivers should work with credit repair services to start fixing their credit score.

Hit-and-runs can happen to anyone, regardless of how careful they are. If you’ve experienced damages to your vehicle as a result of a hit-and-run, be sure to keep these four strategies in mind to help you get back on your feet. Consult with professionals so that you can minimize the damage to your financial standing.

Think Ahead: 4 Ways to Keep Your Car Insurance Rates Low

The use of technology makes it much easier for consumers to shop and make purchases. This is true when it comes to buying items and acquiring car insurance. The internet is a valuable tool in this category. It allows you to search for affordable coverage for your vehicle. This can be done even prior to purchasing your car. The ultimate goal is to find rates that are low and budget-friendly.

There are things that responsible drivers can do to maintain their low rates. These involve the way that you drive and are aware of topics, such as traffic law assistance. The more that the average driver knows, the better equipped they are to find good coverage. Knowing the law and following it consistently is beneficial to all drivers. You will get the right insurance by conducting a bit of research.

Bargain Shop

According to Finder.com, the average driver is behind the wheel 13+K miles each year. This includes driving to work, as well as, for pleasure or vacation. Even people who drive fewer miles need to have good insurance coverage. 



Bargain shopping is a terrific way to get the rates that you want. There are many websites that provide qualified drivers with quotes for varying types of car insurance.

Drive Safely

One way to get low insurance rates and to maintain them is to be a safe driver. This considers those who have never receive driving or traffic infractions. These are just a part of the things that insurers use when approving drivers for coverage. Safety involves knowing and maintaining the law. 

The Insurance Information Institute also reports that drivers with good credit records are better able to get coverage. If you receive a traffic ticket, it’s a good idea to get traffic law assistance to see what can be done to rectify the situation and prevent damage to your insurance rates. 

Request Discounts

There is a list of things that drivers benefit from to get discounts on their car insurance. This often has to do with activities, organizations, and additional coverage. These are some potential things that could provide you with a discount:

• Course for Defensive Driving
• Academic Achievements
• Veteran Accomplishments
• Additional Insurer Policies

Increase Deductibles

It is possible to increase your deductible amounts in the pursuit of lower insurance rates for auto coverage. This simply means requesting that your insurer applies a higher deductible rate. In some instances, drivers ask for a $1K deductible, which can lead to a 40% savings in rates. The best way to accommodate this strategy is to set aside money in case you need to file a claim.

Auto Accident: How To Save Money In Times Of Need

After you've been in a car accident, it can sometimes take a toll on the family finances. You might not be able to go back to work for some time because of injuries that you sustained in the accident. 

If you are able to return to work, there is a possibility that you won't be able to work as many hours or do the same job. Consider a few tips on how to save money in your time of need so that the bills can still get paid and food can still be on the table.

Car Rentals

While you're car is being repaired, you might want to look at renting a car so that you have a way back and forth to work. 

Sometimes, the insurance company of the person who caused the accident will pay for a rental. Look for the cheapest rental available that will match the amount on the policy.

Repair Costs

There are some mechanics who will charge outrageous prices to fix your car because it goes through an insurance company. 

One of the easiest ways to save money is to get the work done yourself after getting a quote from the insurance company. However, sometimes trying to do the work yourself isn’t always the best idea. 

In certain instances you may still need professional help. However, it is possible to find good deals on service. You may even want to look into places like Glass Pro Inc, to help you get your glass repaired for a great deal. 

Just be sure to take the time to do your research and find the best quote and service for you.

Don't File

If the damage is minor and you know that your insurance policy will increase, avoid filing until you can afford the higher rates. 

As long as there's nothing major with the car that is wrong, you don't have to make the claim right after the accident. This will give you a little more money during the month that can be used for other bills.

Towing

You might need to get your car towed from the scene, but that doesn't mean you have to spend a lot of money. Call people you know who have a truck capable of towing you home or to a garage. 

This will save an increase on the insurance policy as well and will save from paying a high price to a professional towing company.

Being in an accident can cause stress for everyone. Talk to the insurance company to get any kind of compensation that you can to get the car fixed and to help with bills that are mounting if you can't go to work. 

Hold off on repairs that aren't needed to prevent spending a lot of money you don't have.