It will depend upon both your state's laws and your insurance company's guidelines to determine if your rates will be affected by placing a claim for damages your vehicle received due to a hit and run accident.

In some states the insurance regulations in place do not allow rates to be raised due to certain situations such as a hit and run or uninsured/underinsured claim. However in states that do not govern if rates can be affected for these types of insurance claims then it will be up to the individual insurance company's rating system to decide if your rates would rise.

With cases in which the insurance company determines if rates will rise it may depend not only on this claim but on the amount of previous claims. Other factors that may determine if your rates rise after a claim is made can include the type of automobile, location, your age and length of time you have been licensed.

Your insurance agent should be able to tell you more about your company's rating system and if a hit and run claim will affect your rates. Your state's insurance regulatory body will be able to tell you about state insurance laws and may also be able to tell you specifically about your insurer's rating system since rates must be filed with this state agency.

If your rates are affected by this claim then you should shop around to see if you can find lower rates with auto insurance specialist, such as CarInsurance.com