Had a car accident, will my insurance increase

Quentin

Bowdyjan18 wrote: »

Done this myself and it makes no odds to the cost

It seems to depend on individual circumstances.

Here's another anecdote where a non fault incident in a car affected the renewal of the victim's bike insurance:

http://forums.moneysavingexpert.com/showthread.html?t=1702377

Bowdyjan18

Quentin wrote: »

It seems to depend on individual circumstances.

Here's another anecdote where a non fault incident in a car affected the renewal of the victim's bike insurance:

http://forums.moneysavingexpert.com/showthread.html?t=1702377

Another insurance companies way to scam...

i have had 2 non faults in the past 5 years onece got hit off my bike by some numpty doing a u turn in a bus lay by ...And my car got hit parked up...Neither have ever affected my insurance.

Quentin

Wouldn't say it was a scam.

Premiums are based on risk. So someone who has a completely "clean" history is less of a risk than someone with incidents on their record, no matter what the liability for the incidents is eventually settled.

Bowdyjan18

Quentin wrote: »

Wouldn't say it was a scam.

Premiums are based on risk. So someone who has a completely "clean" history is less of a risk than someone with incidents on their record, no matter what the liability for the incidents is eventually settled.

So because some !!!!!! hits you your more at risk ?

dacouch

Yes you can be perceived to be more of a risk of having further accidents (Statistics often confirm this).

Even if any future accidents are not your fault they will still cost your Insurer a few hundred quid in admin to deal with it

Bowdyjan18

dacouch wrote: »

Yes you can be perceived to be more of a risk of having further accidents (Statistics often confirm this).

Even if any future accidents are not your fault they will still cost your Insurer a few hundred quid in admin to deal with it

But they reclaim that money back....strange my policy has stayed the same with or without adding the claims

Quentin

There are still costs involved in dealing with the claim, then recovering the money from the liable party. But the main issue is your profile is altered.

It isn't strange it hasn't affected you. Just not guaranteed that everyone else will be treated the same as you have been.

Bowdyjan18

Quentin wrote: »

It isn't strange it hasn't affected you. Just not guaranteed that everyone else will be treated the same as you have been.

So it goes back to "if they can get more money out of you they will"

Quentin

Not really - it goes back to the principle of assessing the risk and charging accordingly.

If they charge you too much for the risk you are, then they know you can go elsewhere.

Bowdyjan18

Quentin wrote: »

Not really - it goes back to the principle of assessing the risk and charging accordingly.

If they charge you too much for the risk you are, then they know you can go elsewhere.

We ain't going to agree on this lol