Car Insurance - Accident

aj1977

I just need some advice reg my current situation. Had a collision yesterday in a T junction and more likely it will come down as my fault. The damage to my car is on the front bumper(just bumps really and the driver side lights casing has some damages, but it is perfectly driveable.My car is insured fully comp and is a Nissan Primera 1.8 SVE 02 Reg with 121K miles on it. Given the car's age and mileage insurance company's engineer feels that the repair costs will be more than the car's worth(which he reckons could be between 600-1800£). But they will have a look at it anyway.
The car repair company is picking the car up tomorrow. My car insurance premium is going to go up anyway and my no claims bonus would offset by 2 years.
So i can think of 3 possible outcomes
1) If I decide to go ahead with the repairs and the car's worth is less than the cost of repairs, the insurance company would decide to write it off innit?.If that's the case then atleast I would get some money back for the car and I could possibly buy the car off them for a cheap price and still use to drive around? or am i wrong??
2) If I do buy the car off the insurance then does my insurance premium would sky rocket since i suppose the car would go onto DVLA's accident register and it would be more costly to insure a catc/d car??
3) Just don't do the repairs and use the car as much as possible and then scrap it or part exhange it?
How is my best possible option??

Quentin

If there is a third party who you have damaged (property or personal injury), and this incident is in any way your fault, then the third party will be getting some/all of their costs paid by your insurer, so your NCD will be lost and your premium will increase whatever you do about your own car. So you may as well claim.

[Deleted User]

Consider your excess, what is this and how will you pay?
The damage to your car, will it fail the MOT soon if you do not make the repairs?
Will the repairs make good your car for a long time?
What is the car worth, when they write it off will they give you £100.00
Do you need the car if so when they write it off what will you do with the really small amount of money that you get, will you afford another?

There is no clear answer until you are told what they think should happen and then how you will react to this, what you can do and what you cannot do. If you need a car to work lets say, you obviously need to have money to add to the settlement after the write off, if you haven't then you need to keep it as so until you have saved money for another, lets agree you will not get a lot of money for this car.

I would also advise that you be prepared for the personal injury claim, you will see the increase regardless of your actions now, it's simply too late to worry about this now.

Good Luck.

vaio

Quentin wrote: »

If there is a third party who you have damaged (property or personal injury), and this incident is in any way your fault, then the third party will be getting some/all of their costs paid by your insurer, so your NCD will be lost and your premium will increase whatever you do about your own car. So you may as well claim.

yep, unless the OP is insured with one of the companies that ends a policy on a total loss payout in which case the loss of the remaining policy needs to be factored in too