Car insurance at-fault claim premium loading

mantisgb

When you have an at-fault accident e.g. bumper damage sliding into a post in bad weather, how much would the premiums go up typically? Is the loading based on percentage or complex formulae based on the insured parties and their history?

I'm just curious what the voluntary excess should be in order to reduce premiums. There isn't much point making a claim if your premiums will rise by an amount which will cost more in the long term than the amount it would cost to repair privately (Of course that depends on having the ready cash to pay for the repair, but assuming that...)

Quentin

Do dummy quotes online to see how this affects the premium.

mantisgb

Thanks, that was too obvious for me

Works out that a 1500 claim would cause my insurance to go up 85 quid per year, and my wife's car by only £40!!! I'm surprised, somehow thought it would be much higher.

Quentin

Did you amend your ncd (if unprotected)?

mantisgb

We have protected NCD, so no impact there.

rs65

mantisgb wrote: »

Thanks, that was too obvious for me

Works out that a 1500 claim would cause my insurance to go up 85 quid per year, and my wife's car by only £40!!! I'm surprised, somehow thought it would be much higher.

Do the quotes again with the accident a year older. It may affect 2nd renewal, 3rd etc..