£66 more for 'no fault' accident.

savercol

I renewed my van insurance. I told them of an accident I had three years ago when I hit an animal in another vehicle. Thought I did not need to mention when someone hit me two years ago. Always have NCD protected. Got a call saying they found out about the second accident and my insurance had gone up from £350 to £416. An increase of £66 for an accident that was not my fault and cost my insurance company nothing. Why?
And the error was genuine, I thought I did not need to mention a 'non fault' accident.

BertTheRaccoon

You have to answer what they are asking....

Usually something along the lines of "have you had any accidents or claims in the last 5 years"?

So you have to declare all "incidents" regardless of blame.

The increased premiums even with non-fault outcomes has been around for a while. In the eyes of an insurer, you got into some mischief and therefore, their statistics suggest you are more likely to again in the future, so the premium gets loaded.

dunstonh

An increase of £66 for an accident that was not my fault and cost my insurance company nothing. Why?

People who have a claim (even non fault) are statistically more likely to have another claim in a short period afterwards. Plus, you have been caught telling lies on an application for insurance. So, you are now higher risk. Both of those things can influence the price.

And the error was genuine, I thought I did not need to mention a 'non fault' accident.

It may have been a genuine accident but it was still a false declaration. In all probability the premium hasnt been increased due to that (but could include an admin fee)

vaio

dunstonh wrote: »

People who have a claim (even non fault) are statistically more likely to have another claim in a short period afterwards........

Does "short period" extend to 2+ years?

OP.........I've successfully reclaimed consequential non fault loadings from the at fault party. If you CBA and still have the details of the accident it might be worth you doing the same

lippy1923

You are lucky they have not cancelled your insurance for non-disclosure. As above, you have to tell them about any iincidents whether you were at fault or not.

thenudeone

You can try to claim the extra cost (for the 5 years you usually have to declare it) from the insurer of the driver at fault.

Some people report success at doing so here, but I'd expect a fight.

BertTheRaccoon

It is difficult to quantify how much you will pay extra over the following 5 years due to rates changes, your own personal circumstances possibly changing (which would have a ratings factor) etc etc.

The legal principle of the claim is there, but getting the maths right and then getting the compensating insurer to agree will be another thing.

vaio

Yep, that's the difficulty....

Multiplying this years load by 5 seems the obvious way, when I did it I had two (or maybe three) years loadings documented so claimed for those.

There was a report from another poster on here a while ago where the at fault insurer agreed a round figure. Either £300 or £500 from memory.

savercol

vaio wrote: »

Does "short period" extend to 2+ years?

OP.........I've successfully reclaimed consequential non fault loadings from the at fault party. If you CBA and still have the details of the accident it might be worth you doing the same

What is CBA, legal advice?
Still don't understand how, because someone hit me it is highly likely someone will hit me again. That means that house insurance in Russia will go through the roof following that meteorite, but the chances of that happening again are, well maybe!
So to get my money back do I go to the other drivers insurance or my insurance and get them to claim for me?

vaio

CBA = can be arsed

If you want to claim it you need to document the additional costs and then contact the at fault insurer...they will resist but (in my case at least) paid once the small claim court papers landed

If you want assistance composing letters feel free to ask

dunstonh

Still don't understand how, because someone hit me it is highly likely someone will hit me again. That means that house insurance in Russia will go through the roof following that meteorite, but the chances of that happening again are, well maybe!

Insurance is priced on statistics. Statistically, those suffering a claim will statistically be more likely to suffer another one within a short period afterwards. It doesnt mean you will. It just means the pool of people you are grouped with are more likely to have a claim than a pool of people with no claims.