The Idiots at Admiral Insurance paid out for this

Nodding_Donkey

OddballJamie wrote: »

£186.50 ex vat plus paint and labour sounds about right.
http://www.mx5parts.co.uk/rear-bumper-cover-mk225-p-1492.html

Good job a courtesy car and whiplash didn't get included.

Insurance companies tend to use manufacturers prices, less any discount they can get.

dacouch

londonTiger wrote: »

if you adopt this policy of paying off the insurer, what happens if there is another accident? Do you pay the insurer off again.

This is a risky gamble and you could end up compensating the insurer far more than what they would have increased in premiums.

My 2 years NCB discounted my insurance by £200 - not much. You are overestimating the discount a NCB will give you. Of course there are exceptions but in my case it wasn't much (I paid £900 premium)

A two year no claims bonus is normally worth circa 40% so on this basis your no claims bonus would save you circa £600 if you exclude intro discounts

arcon5

londonTiger wrote: »

if you adopt this policy of paying off the insurer, what happens if there is another accident? Do you pay the insurer off again.

This is a risky gamble and you could end up compensating the insurer far more than what they would have increased in premiums.

My 2 years NCB discounted my insurance by £200 - not much. You are overestimating the discount a NCB will give you. Of course there are exceptions but in my case it wasn't much (I paid £900 premium)

I wouldn't say I am.
Reimbursing them is about moneysaving.

For future premiums you have to declare a claim. You pay a larger base price and lose the discounts. Over 5 yrs it can be significantly more than the £450.

Remember you haven't just lost one year. You'll lose a couple years (what's your policy say?), so instead of going to 4yrs you go back to 1yr