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Interestingly enough, several years ago, when I went to retrieve my car from a parking lot and discovered that some DB had hit it, causing major ($2K+) damage to my car and drove off, my rates did not go up, at all (I did make a claim, I was too poor at the time to fix the damage myself). I didn't do anything wrong, I just parked my car in a parking lot, and my insurance company realized this. Yes, I admit that my homeowner's insurance raised my rates for a burglary that I took action to protect my property after, but they also cited the rash of burglaries in my neighborhood at that time when raising my rates (i.e., I didn't specifically do anything wrong, but the general risk to my property had increased...we did have about 15 burglaries in my neighborhood in 4 months). If you've specifically experienced increased insurance rates from a hit-and-run by a bike, I'd love to hear the story. Otherwise, I have my doubts.

by Ms. D on Jun 8, 2012 11:00 pm • link • report