Protected NCD but insurance raise due accident- why?

smjxm09

Just had an Eastern European drive into the back of me at a roundabout. Not much damage apart from hairline cracks on my bumper.

The car (2005 54 plate 2L Mondeo with 30,000 miles) is about to be replaced and the insurance is due soon. I have full no claims protected discount but when I enter a comparison website and enter identical details I get three different prices.

No accident in the last 5 year = £270
One accident but settled with full recovery of costs = £297
One accident claim outstanding = £331

I do wonder why a premium goes up when the premium is protected?

Not sure now what to do now. Sell the car with the hairline cracks and possibly take a hit with the price?
Get it repaired and pay a higher premium of £331, as it will take weeks to settle the claim

The guy does appear to have insurance as he showed me his documents but wants to pay cash to stop his premuim going up. Note sure I would get the money out of him so won't go down that path.

custardy

your NCD gives you a % discount on your yearly premium
due to accidents,you base premium is raised
so the total you pay is higher after the % discount

verityboo

The insurance company can vary your premium as they wish because it is only the discount off the premium which is protected. They will charge an increased premium to a driver who has been involved in accidents because they perceive them to be a greater risk

raskazz

smjxm09 wrote: »

I do wonder why a premium goes up when the premium is protected?

The premium isn't protected - the no claims discount is protected.

smjxm09

Thanks for the info but at the end of the day I take the hit in the pocket despite me not being at fault. Also it is not just this year I will take the pain as I will have to declare this accident for the next 5 years.:mad:

pendulum

Get a quote for the repair and show it to the bloke, ask him to pay cash as you said he said he wanted to, if he coughs up within a couple of days then all is well, if not then just continue with the insurance claim.

Quentin

pendulum wrote: »

Get a quote for the repair and show it to the bloke, ask him to pay cash as you said he said he wanted to, if he coughs up within a couple of days then all is well, if not then just continue with the insurance claim.

However the claim is paid (via insurance or direct off the bloke) won't help - the incident still has to be declared to insurers.

jd82

The best thing to do is in this situation is to just shop around.

pendulum

Quentin wrote: »

However the claim is paid (via insurance or direct off the bloke) won't help - the incident still has to be declared to insurers.

Yes, but if the incident was settled privately with no insurer involvement and the claim value to insurer was £0, not all insurers treat you as an increased risk and increase the premium. Quinn certainly didn't with me when I had my accident but settled it privately.

custardy

pendulum wrote: »

Yes, but if the incident was settled privately with no insurer involvement and the claim value to insurer was £0, not all insurers treat you as an increased risk and increase the premium. Quinn certainly didn't with me when I had my accident but settled it privately.

and look where it got them