If you have auto insurance check with your own insurer and find out if you have coverage that would cover a hit and run. If you have coverage then it would pay and your insurer would pursue the hit and run driver once the police find them. You need to obtain an appraisal as soon as possible because that way no one car argue that the damage occurred at a later point in time.
Merry Fountain is licensed to practice law in Indiana. She can be contacted at 888-242-HURT. This is not legal advice and it does not create an attorney/client relationship. It is legal education intended to provide general information about the matter within the question. If the question does not include important timeframes and facts the answer could change. Merry Fountain strongly advises the questioner to confer with an attorney in your state.
As Colorado has recently changed from a "no fault" to a "fault" state, you are going to need to give at least 2-3 estimates for the work that needs to be done to your car for when they catch the person who did the hit and run. When I was a judge, I would average out the estimates and give you the computation of the average. So, you could go to the cheaper place and pocket some money or go to the more expensive place and have to pay a little out of pocket. I would get estimates within the next month though. Good luck.
The information provided in this answer does not create an attorney-client relationship. If you are interested in his legal services, feel free to call Chris at (303) 409-7635 at his law office in the Denver Tech Center. All initial consultations are free of charge.
I agree with the advice of the other attorneys. I would add that regardless of whether your insurance company pays for the damage or the liable driver's insurance pays (assuming he/she is caught and had insurance), you have the right to have your car repaired at the body shop of your choice and typically the body shop will fight it out with the insurance company for you unless you go to one of the insurance company's "preferred" body shops that will usually go with whatever the insurance company says.