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Car insurance at-fault claim premium loading
mantisgb
Posts: 83 Forumite
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...)
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...)
"This must be Thursday. I never could get the hang of Thursdays..."
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Comments
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Do dummy quotes online to see how this affects the premium.0
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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."This must be Thursday. I never could get the hang of Thursdays..."0 -
Did you amend your ncd (if unprotected)?0
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We have protected NCD, so no impact there."This must be Thursday. I never could get the hang of Thursdays..."0
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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..0
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