Help

noiramleb

Hello all !
I am in a really bad situation: My partner had two small accidents since last June and hasn't claim anything for himself. The insurance (Budget Insurance) is now telling us that they have paid for the damages of the other cars (a little bump on a door and a bumper) and that we have to pay them £450 a month for one year. They also say that we cannot change insurance until we have paid the whole amount. Is that true ? It is a ridiculous money that we are not able to pay! What can we do? Is there a solution to put down the price? Why is it not allowed to change insurance?
I hope someone has some solutions or tricks !!!
thank you so much for all your suggestions and answers.....

Marion

forgotmyname

Yes. If you have a claim then the full premium is usually payable.

You dont pay they cancel your insurance and then you need to declare that in future and a lot if insurers will say NO right away.
Some may ask why it was cancelled before saying NO. Or increasing the quote by adding your telephone number to it.

Fail to declare having a policy cancelled and you could be in big trouble. Someone failed to tell their insurer all the facts and got a bill for £9000 after an accident.

vaio

very few policies allow for increases mid term as a result of a claim and none will tie you to them once your policy has run out.

Fill us in with dates & premiums and you'll get proper advice

Phantom247

Did you pay your insurance upfront or paying by direct debit?

If you are paying by direct debit, then it is likely that you will have to pay for the remainder of the contract but even so, £450 a month for insurance and that is high and I work in the industry.

I would contact them back and ask if you don't know already who underwrites the insurance and ask them how this came to be £450 per month and see what they say.

It maybe due to the fact the insurer has considered the two accidents as being a fault accident or rather one where they have not been able to recover the full amount and therefore the NCD (No claims discount) has been affected due to it being reduced by these 2 incidents thus causing an increase in premium.