VERY minor accident

Ultrasonic

Just to add, a reason to report it to the insurance company is that the other driver may report it to theirs (you say details were swapped).

Herzlos

If the passenger is likely to make a compensation claim, then you'll need to report it to your insurance company first even if you're not going to claim anything. Otherwise it'll look bad when they do. Since it sounds like the passenger is hoping for a pay out I wouldn't risk it.

I also wouldn't be offering said passenger a lift in future, it's just not worth the hassle.

Basil74

zagfles wrote: »

If it's a no-fault accident it won't affect the no-claims. You need to declare it and it might affect the renewal premium, but I've just renewed having had a no-fault accident in the last year and the price went down! Also a search on the comparison sites, declaring this accident, came back with quotes much cheaper than last year! So it doesn't seem to make a difference. Unless car insurance generally has gone down a lot this year?

Sorry for my ignorance even though I've been driving a dealing with insurance companies for years I still struggle to understand the meaning of a ''no claims bonus'' when, as you rightly say, your premium can still go up as a result of a non-fault accident even when you've got no claims protection??

stugib

Basil74 wrote: »

Sorry for my ignorance even though I've been driving a dealing with insurance companies for years I still struggle to understand the meaning of a ''no claims bonus'' when, as you rightly say, your premium can still go up as a result of a non-fault accident even when you've got no claims protection??

Base premium, no incidents £500
NCD of 50% = £250 premium

Base premium, no-fault incident £550 (because they rate you more at risk of having more incidents now you've had one)
NCD of 50% = £275 premium

NCD discount hasn't changed, base premium has.

Herzlos

No claims bonus is a discount you get on your premium, up to about 50%. But that doesn't factor in any accident's you've been involved in.

So say you declare an accident, and your undiscouned premium goes from £1000 to £1200, your no-claims bonus will bring it down to £600, and you'd pay the full without.

So whilst you've got a no-claims bonus, and you declare an accident, your rate can still go up, but by a lot less than if you haven't got a no claims bonus. So it's still worth protecting it when you're at full NCP (even if defeats the point).

arcon5

I'd also tell the friend if she wants to make a claim on the other parties insurance you will act as a witness as to how minor the incident was and make it clear in your statement the car did not even jerk when hit.

lovinituk

arcon5 wrote: »

I'd also tell the friend if she wants to make a claim on the other parties insurance you will act as a witness as to how minor the incident was and make it clear in your statement the car did not even jerk when hit.

Good call.

Immers7

Contact your insurance company asap especially with the passenger pursuing a claim.