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My car insurance has increased after a claim that wasn't my fault!
Comments
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Would it be unreasonable to speak to an underwriter to establish (as lisyloo suggests) what type of accident it is. I would love to hear the rationale of how I am more likely to cause an accident because some idiot drove into me - AND admitted it was because he was looking at something on the floor!!!Kittian_the_Blue wrote: »"When I asked the insurance company why they said that statistically I was more likely to make a claim that WAS my fault because of last year's accident"
Strange though it seems, the actuarial evidence is that it is true, people who've been involved in an accident are then more likely to have another one.0 -
No - my claim was against the guilty party's insurance so I shouldn't suffer as the guilty party's insurance will go up as he's a higher risk. If my premium goes up, then the insurance company is benefitting twice. That's just not cricket!glider3560 wrote: »If they didn't put premiums up for people who have made claims then EVERYONE would be paying considerably more as a result.0 -
My premium's gone up 47% - with a max NCD. Not reasonable in my view and I WILL be changing insurer.Your absolutely right.
It depends on how the insurers look at the risk.
Basically I think they say you've had a claim so you are higher risk and do not take a look at the circumstances.
We might not like it when their pricng model affects us badly, but we are stuck with it, ebcause they can price insurance pretty much as they wish, providing they can show a link with risk.
BTW - I think other factors also matter. My insurance went up slightly but was still under £150, so your age, NCD, number of claims, postcode etc. all has an effect and also the type of accident (injuries are much higher cost). So it does not affect people equally. Young people may see big increase, but a slightly older person like me with max protected NCD will see minimal difference.0 -
In my instance then, the increase in premium is 47% so with the max NCD I have the revised premium would have been ridiculous for the type of claim I had.No this isn't true.
If you had say a 50% discount on your no cliams and let's say that is protected, then the increase in premium will be discounted by 50%.
So it's untrue to say there is absolutely no point.
Let me show you with an example.
£500 premium rises to £1000 after accident - zero discount.
If you have 50% then it would go from £250 to £500, so it's half the increase.
Protected NCB is even more worthwhile.
Yes there is an increase.
No it isn't as big, so there is a benefit.
You don't escape unscathed but the increase is scaled down.0 -
My premium's gone up 47% - with a max NCD. Not reasonable in my view and I WILL be changing insurer.
A renewal quote will normally be higher anyway (because you lose any new customer discount you had the first year), so it's unlikely that your claim made that much difference to your premium. If your NCB is protected that will also be costing you more with a claim on the books.
Might be worth genning up on how insurance works before you start ranting about it
I was born too late, into a world that doesn't care
Oh I wish I was a punk rocker with flowers in my hair0 -
No - my claim was against the guilty party's insurance so I shouldn't suffer as the guilty party's insurance will go up as he's a higher risk. If my premium goes up, then the insurance company is benefitting twice. That's just not cricket!
Did you read the thread?
I was born too late, into a world that doesn't care
Oh I wish I was a punk rocker with flowers in my hair0 -
Would it be unreasonable to speak to an underwriter to establish (as lisyloo suggests) what type of accident it is. I would love to hear the rationale of how I am more likely to cause an accident because some idiot drove into me - AND admitted it was because he was looking at something on the floor!!!
You're not more likely to have an accident, you are more likely to claim against your own insurance. Not all claims are caused by accidents I was born too late, into a world that doesn't care
Oh I wish I was a punk rocker with flowers in my hair0 -
Would it be unreasonable to speak to an underwriter to establish (as lisyloo suggests) what type of accident it is. I would love to hear the rationale of how I am more likely to cause an accident because some idiot drove into me - AND admitted it was because he was looking at something on the floor!!!
I've posted this explaination before - maybe it will help you understand the reason.
Why does someone who has had a non fault accident appear as a higher risk? The answer is:
If you take two identical people who live in an area with a low accident rate. One (driver A) drives every day to an area with a higher accident rate, the other (driver
does not. The insurer does not know this so rates both drivers as low risk. The actual risks of them having an accident are not equal (A's risk is higer than B's).
When A has an accident the relative risks of A and B having the next accident do not change. A still has the higher risk. However, the insurance company can now assess that it is likely that A has a higher risk than B because A has had the accident. This is because if is more likely that A will have the first accident if they are higher risk. (Of course sometimes B may have the accident first but remember this is statistics. Statistics never predict individual outcomes, only the most likely outcome).
Of course, it is an assumption that A has the higher risk than B but given the facts (the accident) this assumption is more likely to be correct than the previous assumption that A and B have the same risk. This explains why a no fault accident raises the statistical risk of a driver being involved in another accident. It should further be noted that none of this is about the driving skills of A or B, the example I have given relates purely to the areas in which A and B are most likely to drive.
I hope this helps. I'm sorry if it is not a particularly good explaination.
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a few months back a tesco employee hit my car with around 30 trollys while i was shoppingin the store, he admitted liabillity and i was told that all the damage would be repaired by tesco themselves, at the time i was with the AA and i called them to make them aware of the situation and that was that, im now with more than and they contacted the AA to request proof of my 5 years NCB, Today i had a phone call of more than saying that i did not notify them of the claim i made a few months back so i explained what had happened and that i did not make a claim but i mearly phoned the AA up to let them know what was happening with tesco ect.. and they said not to worry and everything will be ok
Anyway Im 31 years old with 5 years NCD and my insurance was £890 for my Mazda 3 2.0
They now want an extra £100 up front for the NON CLAIM as they say for doing the right thing and telling my insurance about it! if i dont pay they will cancel my insurance and i cant afford to take out a new policy
I Just dont know what to do, its getting my quite upset and angry that they can just demand money the way they do!
Should i seek legal advice or just pay the £100?
Many thanks
Mathew0 -
You’ll need to pay it as if you don’t all sorts of trouble will ensue.
Once you’ve done that, get written confirmation that the increase is solely down to the Tesco incident and then send the bill to Tesco0
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