A person can be charged with a misdemeanor or felony hit and run if that person leaves the scene of an accident, according to LegalMatch. Penalties include imprisonment, fines and parole. The victim of a hit and run can also sue for monetary compensation from the accident's perpetrator. Wikipedia notes that a driver's license can be suspended or revoked, and insurance companies may cancel the driver's policy.
LegalMatch adds that a felony charge may be applicable if someone is killed or injured, and a misdemeanor is usually applicable for property damage. However, Wikipedia notes that the punishment can depend on state law.
LegalMatch mentions that the police may contact a suspected hit and run driver so that the accused can come to the police station and provide a statement. The suspect may be asked to bring in the vehicle in question. The only legitimate excuses for a hit and run include not being the driver or if the accident did not result in property damage. The courts may also excuse a hit and run driver whose life was threatened at the scene. Sentencing for a hit and run is based on the type of accident and significance of the damage. Prior convictions are also taken into account in addition to whether or not the driver cooperated with law enforcement. Wikipedia reports that a person's license can be revoked for life in certain cases.