15 Years NCB - Should I make a claim or not?

Tammer

garycroton wrote: »

Unless the amounts are substantial try to settle privately.

And run the risk of becoming uninsurable in the future....

mikey72

Tammer wrote: »

And run the risk of becoming uninsurable in the future....

Fair point, but how do the insurers know?
Unless you feel an insane need to confess you put £400 in your pocket, which is probably more than enough to buy a new light or two, a tin of touch up paint, and leave a good bit for a weekend away, or a few meals out?

Quote

mikey72 wrote: »

Oddly enough, I ran some quotes, for various options on this. I posted the results a while ago.
For me, if I made one claim every three years, from full ncd, it was break even to protect the ncd. All renewals went up, but the difference was about equal to three years protection cost. If I didn't make a claim, or it was every four years, I was paying more overall for the insurance.
If I made a claim, I couldn't renew protection the next year, so making a claim every two years cost more overall as well, as the protection went.

Did you change your date of birth each time, or the age of the vehicle? Whether you did or didn't the problem is that you have absolutely no knowledge of the future rates for car insurance, changes in excess levels etc etc etc

I protect my NCD because I've worked hard to earn it. The concept of IF doesn't necessarily enter into the claim making process, calculating how many claims you could make is ridiculous, and - all in all - I imagine that you've wasted quite a lot of time. :money:

mikey72

Quote wrote: »

I imagine that you've wasted quite a lot of time. :money:

I imagine you've wasted quite a lot of money.:money::money:

McKneff

Stop and listen.

You do not have to go through Your insurance company. You are obliged to tell them and make sure they know its for 'INFORMATION ONLY

If he has admitted liability you should deal directly with his insurance. That way it is just straightforward, make sure you get everything in writing.

Dont fart about involving your insurance company.
Some companies do up your premium whether you are at fault or not, Im with the Coop and luckily they dont.
I had the same sort of thing happen to me early last year.
The man who owned the tractor that hit me started jumping up and down because i wanted to take it to a garage of my choice and not a cheapie that his insurance wanted. I was told that I had the right to take my car to anywhere of my choice. So it rather took him aback when I got a claims management company in, it cost his insurance company a sight more.
In hindsight, I wouldnt have involved a CMC but felt i needed to at the time as he was trying to intimidate me.

Good luck

kev.s

McKneff wrote: »

Stop and listen.

You do not have to go through Your insurance company. You are obliged to tell them and make sure they know its for 'INFORMATION ONLY

spot on!!
had to do this myself, my missus hit a stationary car, guy asked to settle without insurers, i still reported it and told them he wanted to settle out with them, asked them if it was possible and they advised info only, but if i wanted to do repairs with them then just call em back.

Quote

mikey72 wrote: »

I imagine you've wasted quite a lot of money.

That's just another way of saying I've spent a lot of money. The only thing I can do with money is spend it, but I can get money to replace the money I've spent. How are you going to get time back?

mikey72

Quote wrote: »

That's just another way of saying I've spent a lot of money. The only thing I can do with money is spend it, but I can get money to replace the money I've spent. How are you going to get time back?

Sleep less and retire much earlier.

You enjoy giving your money to the insurers, if that's what makes you happy, go for it. As you say, you can do an hour or two more work to cover it.
I prefer to spend the money on my family, and myself.