Non fault accident causing premium to rise

InsideInsurance

Jams91 wrote: »

I strongly doubt that it had nothing to do with my accident, given as I am a young driver and my premium should go down as I get older

Your premium should be lower than someone who is younger than you doing the otherwise the same quote.

Prices in insurance dont stand still though, due to claims inflation, marketing costs, competition, regulatory change etc prices can vary from year to year meaning the drop due to your age is wiped out by the increase caused by insurers having to hold more capital and the number of personal injury claims increasing 10% each year.

I owned by last car for 7 years you would argue using your logic each year the insurance should be getting cheaper as I was getting older, the car was getting older, the car was getting worth less, I was getting more used to the car etc however some years it went down and some years it went up

Jams91

InsideInsurance wrote: »

Your premium should be lower than someone who is younger than you doing the otherwise the same quote.

Prices in insurance dont stand still though, due to claims inflation, marketing costs, competition, regulatory change etc prices can vary from year to year meaning the drop due to your age is wiped out by the increase caused by insurers having to hold more capital and the number of personal injury claims increasing 10% each year.

I owned by last car for 7 years you would argue using your logic each year the insurance should be getting cheaper as I was getting older, the car was getting older, the car was getting worth less, I was getting more used to the car etc however some years it went down and some years it went up

How old are you and how many years NCB do you have?

InsideInsurance

Jams91 wrote: »

How old are you and how many years NCB do you have?

Was 27 when I bought it and had 9 years NCD so not as high a loading as a 21 year old but certainly not the no age loading that you dont tend to get until mid 30s to 40s

Jams91

InsideInsurance wrote: »

Was 27 when I bought it and had 9 years NCD so not as high a loading as a 21 year old but certainly not the no age loading that you dont tend to get until mid 30s to 40s

Well there we are then.

When you have 9 years NCB, another year is not a big deal, and I wouldn't necessarily expect your insurance to fall.

When you have 1 years NCB (like myself), that extra year is a big deal and I would expect the premium difference between 1 year NCB and 2 year NCB to reflect that.

sh0597

I think premiums have gone up recently.

BeenThroughItAll

Hoof_Hearted wrote: »

I wasn't being serious....

Even if you were, I wouldn't advocate wasting your time.


In my recent claim following being hit from behind by a van whilst stationary on my motorcycle, I had to fight tooth and nail to get my watch repaired, because the third party's insurer refused to accept the manufacturer's diagnosis of the mainspring being damaged due to impact. Because I hadn't actually hit the deck, the outer casing wasn't marked and the only damage was internal.


Ended up settling for 75% of the repair costs, but still cost me £120 for my 25%. If it wasn't for the fact that it's doubled in value in the ten years I've had it, I wouldn't have bothered. Took months, way too stressful.

InsideInsurance

Jams91 wrote: »

Well there we are then.

When you have 9 years NCB, another year is not a big deal, and I wouldn't necessarily expect your insurance to fall.

When you have 1 years NCB (like myself), that extra year is a big deal and I would expect the premium difference between 1 year NCB and 2 year NCB to reflect that.

I would, a brand new car depreciates, you also gain experience of the vehicle.

When I replaced the car at 34 my first year premium was c£850 and my second year was c£450, still with max NCD but now with a learner driver added.

There is a big difference between 0 and 1 years NCD. Difference between X and X+1 is between 1% and 10% once X > 0 and so can be relatively low. Get above 5 years and the difference between X and X+1 is frequently nothing

almillar

Not if the person in front is doing 50mph in lane 2 of an NSL dual-carriageway, trying to enforce what they THINK is the speed limit on a bunch of perfectly competent drivers behind them.

Flash your lights to make them aware of your presence, as long as the inside lane is clear. If they don't move over, and I wanted to move on, I'd overtake them on the left, which of course you're not meant to. Safer than taligating though.