Had a car accident, will my insurance increase

lexilex

I am just trying to work out my budget, and calculating how much I need to save for car insurance.

I had a car accident last Decemeber, totally other drivers fault. She admitted liability, all sorted through insurance.

Obviously I have to tell my insurance about the accident, but I'm just wondering if my premiums will go up, even though I was not at fault.

Thanks

MX5huggy

Yes they will go up but you might be able to mitigate against that by shopping around.

mchale

No cost wont go up as you didnt claim

Quentin

mchale wrote: »

No cost wont go up as you didnt claim

This can't be guaranteed. And whether or not a claim is made makes no difference. The incident has to be reported.

Having the incident alters your profile, and this is what is used in setting the premium. Many find that (annoyingly) a no fault incident still results in a loading at renewal.

You can see the effect (if any) now by doing on line "virtual" quotes with and without the incident to see if the premium is affected.

dacouch

Check what no claims bonus your Insurers have allowed you as they normally reduce your no claims discount until you or they recover costs

AdrianHi

You need to check what your insurers policy is on "no fault claims".
If you are a Direct Line customer you will not have any problem, with some other insurers I know the premium will increase.

skylight

Yes. OH has 4 claims on his insurance, all of which were not his fault and the other people paid out. Some places wont even quote him as he has "more than 3 claims".

You just have to shop around as you would do normally.

lisyloo

I don't think people can say for definite.
I had a claim that was my fault last year.
My insurance did NOT go up (I verified quotes both with and without) but I had protected full NCD.

Others on here have clearly had claims that are not theire fault and have had rises.

So no-one can give you a definite answer.

lexilex

Thanks all, I did get a letter saying my no claims were no effected. Will have a play about on some of the comparison sites and see what comes up.

Bowdyjan18

Quentin wrote: »

You can see the effect (if any) now by doing on line "virtual" quotes with and without the incident to see if the premium is affected.

Done this myself and it makes no odds to the cost

lisyloo

I did get a letter saying my no claims were no effected

This doesn't mean your premium is unaffected.
Qiock (extreme) example.

Premium with zero claims £500
NCB discount 50% makes £250.

Permium with 1 claim £1000
NCB discount 50% makes £500

It's exaggerated but shows that your NCB can be unaffected but the premium is affected.