My parked car was involved in a hit and run accident outside of my house. Luckily, one of my neighbors saw the incident happen and the other driver ended up getting caught and cited by the police for it.
The driver is a minor, so his father is handling the ordeal. He is very insistent that we not go through insurance, so he would like to pay me directly for the damage to my vehicle.
My question is: what is his likely motivation for wanting to go that route? Is his motive purely financial (i.e., not have his insurance rates raised) or is there some legal benefit to him paying for my damage out of pocket?
I live in the state of North Carolina.