hah, I was in same shoe as you last week. Fortunately for me, the 3rd party reported few days later. Lesson learnt, drag the 3rd party for police report together. You need to make sure that you're going to report, and tell other party the consequences of not reporting. It's not just RM300 saman, it's more than that.
1) Via insurance, normally they will replace parts rather than knocking. But by cash, they'll find cheaper route.
2) Not just RM300 saman. The car will be blacklist under Police hit & run list. They can't sell the car either. Secondly, if they involve in another accident, and she go report, it'll tie back an open case with yours. Then whole case re-opens and restart.
3 ) Yes at first, but if decision from sarjan not your fault, it'll re-direct the claims to 3rd party. Most of it handled by the runners.

Do you have the culprit driver's details?
1. car plate number, car model,
2. handphone number,
3. IC number, etc?

Sometimes, the carplates may be just fake plate numbers for obvious reasons (these thugs are wanted). That's why you actually want to get their handphone number. best to take their ic numbers too for the police to investigate and actually get to contact that person.

1) no. the workshop will aborb from you and claim from insurance.. ur actual damage could probably be less than 1k... the workshop already markup the price... the adjuster are in same cohoot to approve the claim before sending to insurance to claim..
2) summons of RM300 only...it depends you are claiming own insurance or 3rd party.. if 3rd party never lodge any report... sarjan will call him to make such report or send official letter to his address ( presuming he is staying ) and ask him to attend police station. to make report, to take down the damage on 3rd party vehicle.. see if you wanna claim his insurance, his statement and his damage to car must be consistant with the damage done to your car and police report... thereafter sarjan will come out with an outcome as to who is at fault i.e bang from behind, front, side, traffic lights situations and etc. this outcome will be relied upon by insurance company to pay..insurance works very funny you claim his company insurance, but his insurance company will ask your insurance company to quote the damage.. ( there are some agreements btw insurance company one). if you claim their insurance ur NCB stay, if you claim your own your NCB lost..
3) most probably own insurance claim

hope it helps.. but theere ppl with slig bags ard police station which are very helpful facilitating you to make police report and one dragon service , got workshop , tow car and etc.. like a good samaritan helping you ike god send to help you...

you notice they are doing these "good deeds" but their looks different most of time Indian/Chinese who looks like taikors.. am I right? the other name are as mention above " claim consultants"

1st of all, DO NOT CLAIM OD-KFK !!
Of you do, you are screwed and may not able to claim the 3rd party.

U can only claim TPPD but it will be a painfully slow process, so to "faster" the process u can fork out own money to pay to wotkshop 1st.
Then when workshop receive money from insurance ask them issue cheque to u.

Why didn't call your car insurance agent?

I'm an agent myself and I handle these phone calls very regularly.

both OD-KFK and TPPD are claiming against the other vehicles insurance without involving NCB

back to TS, if you can afford the repair bill, pay it out of your pocket

make sure the repair bill clearly stated payment was done by the owner

then proceed with TPPD claim

it might takes time, and prepare to harass the claim personnel incharge

yup

end of the day, still depend on the police report of another party

there are many occasions that police reports from both parties have different versions

that is where you need to sit down  with the sarjan in charge to convince(or bribe) him that your version is the correct one and the other party is compounded

read my thread if you decided to do TPPD claim, you can DIY it but it will be long wait before getting your money back