How much will my insurance go up yearly due to an accident?

Jake_ellis

My name is jake and I recently had an accident with a parked car Ive only been driving a few months and this is my first accident Ive never had any problems before and even got no minors on my test unfortunately the car I hit went to a shop and got a quote of 1,300 pounds and I can't pay that so I'll have to go for my insurance I pay 1,200 at the moment yearly with admiral and I have a black box I was wondering if anyone knew around about how much this would increase my insurance

Quentin

You can get a good idea now by doing dummy quotes online with the claim in your history

DragonQ

Mine went from ~£230 to ~£280 after a no-fault accident (no cost to my insurer). I had 3 years no claims at the time (which I kept) and nearly 10 years experience.

If yours is currently £1300 I imagine it would rise significantly.

bigjl

Don't know what difference it would make the number of minors you had on your test.

New drivers are regarded as high risk by insurers and in your case this would appear justified.

I would not be surprised if your Insurance doubled next year.

What is your excess?

missile

You could get an online quote. Enter your details as if you were renewing your policy with one fault accident. As others have said, prepare for a shock :eek:

stator

I had a minor car park accident in the first year. The claim was about half the insurance premium. It didn't go up next year.
Since your claim is the same as the premium I would be surprised if it didn't go up but probably not as much as you are worried about.

arcon5

bigjl wrote: »

Don't know what difference it would make the number of minors you had on your test.

New drivers are regarded as high risk by insurers and in your case this would appear justified.

I would not be surprised if your Insurance doubled next year.

What is your excess?

His excess is irrelevant. He hasn't indicated he will be claiming for his own car

foxy-stoat

I would try and save £150-£250 a month now and put it in Premium Bonds or savings account. Use this to help with next years premium which will go up, you will only know by how much when they send you the renewal notice.

No point in speculating now as you may have another accident, get caught for speeding or bald tyre etc between now and your renewal which will effect the premium again. Just try and be more careful, buy a dashcam and hope you do not have another incident.

bigjl

arcon5 wrote: »

His excess is irrelevant. He hasn't indicated he will be claiming for his own car

Having never had a fault accident in my own vehicle I wouldn't know.

I had the excess removed from the payout for my Legacy when it was stolen though.

Silver-Surfer_2

bigjl wrote: »

Having never had a fault accident in my own vehicle I wouldn't know.

I had the excess removed from the payout for my Legacy when it was stolen though.

Well you would say that but you're not always honest on here are you?

A little bird tells me you're about as good as darkmatter when it comes to guilding the Lilly.

giraffe69

guilding the Lilly.

Isn't it gilding as in covering with precious metal e.g. gold and "Lily"?