BEWARE Increased premium after NO FAULT accident

moneybags1957

I was involved in a NO FAULT accident (car ran into the back of MY OWN car while it was parked)the third party accepted full liability and paid out fully all cost.
This accident had no effect on MY POLICY premium or ncb,neither my wifes car (on which I am covered as spouse)premium,yet my daughter who has HER OWN policy on her OWN CAR,on which I am a named driver WAS INCREASED.
I rang her insurance to check that they were aware of the fact that it was a NO FAULT accident but they said ANY accident would increase the premium,how can that be right?
I think it just another insurance company scam to get more money.It in effect means you must NEVER be involved in an accident, which is of course impossible.

hcb42

I dont think that is right...perhaps the advice given is a bit off here.

Has your daughter just renewed? Is it the renewal higherr, and they have blamed it on the accident? The problem is now that many advisors on the phone simply do not know how the premium is calculated, as it is all done for them.

jonesMUFCforever

You have a no claims section of your olicy - you made a claim so unless you have it protected you lose your no claims even if it was not your fault accident.

hcb42

jonesMUFCforever wrote: »

You have a no claims section of your olicy - you made a claim so unless you have it protected you lose your no claims even if it was not your fault accident.

That is not what the OP asked....it is about the premium going up on daughter's insurance, where there was no claim, its NF and recovered, and s/he is named driver

adamc260

Maybe your daughters insurer rate you as a higher risk now when using her vehicle

jonesMUFCforever

hcb42 wrote: »

That is not what the OP asked....it is about the premium going up on daughter's insurance, where there was no claim, its NF and recovered, and s/he is named driver

He was on daughters insurance - whether same as his own or not - he had an insurance claim - this was picked up on insurers database - her insurance went up as a result.
If he was not on her policy it would not have happened.

hcb42

jonesMUFCforever wrote: »

You have a no claims section of your olicy - you made a claim so unless you have it protected you lose your no claims even if it was not your fault accident.

jonesMUFCforever wrote: »

He was on daughters insurance - whether same as his own or not - he had an insurance claim - this was picked up on insurers database - her insurance went up as a result.
If he was not on her policy it would not have happened.

I understand part 2, although that is the part the OP is frustrated with, because that would be deemed unfair by most people, and indeed premiums do not just go up on the basis of one non fault accident, unless the insurance world has gone completely mad, in which case I agree with the OP.

I have asked whether it has simply gone up at renewal, like many policies have done, and ineed the advisor has blamed the accident, otherwise it isnt right. Until the OP comes back and answers that, it is all hearsay as to what they have done and why.

However your first post didnt relate to any of that at all - hence my post highlighting yours originally. The OPs NCB and the daughter's NCB should be completely unaffected..and he does not need to protect his NCB as the claim was Non Fault and all recovered from TP as stated in opening post - so that part wasn't accurate either.

ihateyes

this was brought up on BBC Watchdog 2mths ago.....
The insurnace companies CLAIM that stats show people who has been in a no fault accident are so many time more likely to be in another accident....

total crap if you ask me

moneybags1957

Lets get some things straight
1. I have not claimed on MY insurance,the third party who hit my car did all the repairs and paid loss of earnings,my insurance NCB was unaffected.
2.Its my daughters company ONLY that considers being involved in an accident REGARDLESS of blame is reason to increase the premium,I am not confusing this with the general increase in insurance cost.

moneybags1957

3. I have always been a named driver on my daughters car.

I have not claimed on any policy,the third party's who crashed into my parked vehicle paid ALL costs of the incident.

Neither my own or my wife insurance company regard this as a reason to increase the premium,just my daughters company.

moneybags1957

Just to be crystal clear,It was my car hit, nothing to do with my daughters car on which I'm a named driver.
I have not claimed on my policy,my insurance company was informed,but did not have to get involved in the repair at all and my NCB was unaffected.