Car insurance trouble

PenandSword

Hi guys,

I've just been informed my insurance is going up from £40 a month to £150 a month because of an incident that happened to my dad back in 2012.

He's registered as a driver on the car, but whatever this was (I didn't know about it) was nothing to do with me or my vehicle.

Is there anything I can do? Can I just remove him as a driver? Do I have to cancel my insurance and go elsewhere?

forgotmyname

Thats the issue with having named drivers you need to keep your insurer informed of any issues they have. Points for speed or claims/losses.

You can take him off the policy, But you will still owe the insurer for any period of insurance where you failed to disclose the claims/incidents your father made.

You can cancel but you will still owe them the money. They could be awkward and prevent you taking your no claims until the money is paid.

Aretnap

As above, you have a responsibility to make sure you answer the questions accurately, which means that if you add named drivers to your policy you have to ensure that you know their full driving histories.

You can certainly remove him from your policy, and unless he has a pressing need to drive your car it sounds like a good idea to do so, but you may still owe money for the extra premiums you should have paid for the time he was actually on the policy.

arcon5

£150/month for how long -- when does the policy end?

It could for example be you have 2 insurance payments left and they have upped the policy from £500 to £720, so recouping the extra premium over the final payments due. Which would be less extortionate than if they way upping it say from £500 for £1600 across 10 payments.

You need to be blaming him and yourself as much as anybody, they ask what incidents, accidents, claims, points, convictions etc he has as part of a quotation, so i'm surprised/you're lucky they didn't try cancel the policy on the basis of non-disclosure.

PenandSword

Apparently I have to pay £165 a month from Feb 5 2015 to September 2015, according to my updated payment schedule.

Underneath, it says:

You have the right to withdraw from the Credit Agreement at any point during the agreement term. If the Credit Agreement is cancelled we will need an alternative payment for the insurance cover. If you do not pay for the amount due, EUI will cancel the policy. You have the right to pay the credit in full or partially at any time.

Does this mean I can just cancel the insurance?

Herzlos

No, you can cancel the credit on the insurance. It's an annual policy you're paying off in installments.

Quentin

PenandSword wrote: »

...Does this mean I can just cancel the insurance?

Yes.


But find out the full cost of cancelling before going down this route, and bear in mind there will be no NCD awarded for the part year you have been covered

[Deleted User]

PenandSword wrote: »

Is there anything I can do? Can I just remove him as a driver?

If the incident was a claim against your policy (ie. an accident, for which he was deemed liable, and for which your insurance company paid), then removing him from the policy won't help, as your NCD has already been affected.

However, if the incident involved a claim on someone else's policy (eg. his own), then taking him off the policy will help, as you won't have to declare any accidents/claims for him.

Likewise, if the incident is a conviction or medical condition, removing him from the policy will help, as you won't need to declare the conviction or medical condition.

NB. The above is based on the assumption that, the incident hasn't resulted in you being convicted of an offence, eg. insurance fraud.

Could you be more specific, as to what exactly happened, and what the incident was?

Gloomendoom

I had this problem. My wife had an accident in her car and claimed on her policy. Her policy didn't go up at renewal. Mine, however, went up £80 because she is a named driver on my car.

My broker suggested that I could avoid the price hike by removing her from my policy. There was no need to cancel it, although I could have if I had wanted to.

I just paid up.

jimjames

PenandSword wrote: »

If you do not pay for the amount due, EUI will cancel the policy. You have the right to pay the credit in full or partially at any time.

Does this mean I can just cancel the insurance?

You can cancel and will still owe the money subject to any refund for remaining time. If they cancel as above, you will find it very hard to get any future cover.

Quentin wrote: »

Yes.


But find out the full cost of cancelling before going down this route, and bear in mind there will be no NCD awarded for the part year you have been covered

And presumably the cost of then answering truthfully for future policies

"Have you ever had insurance cancelled?"

Quentin

jimjames wrote: »

You can cancel and will still owe the money subject to any refund for remaining time.

And presumably the cost of then answering truthfully for future policies

"Have you ever had insurance cancelled?"

There would be no cost involved in the future if the op cancels the policy.

The answer to that question would be no! (As far as this cancellation is concerned!)