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Small accident with a friend Need advice
Going to keep this short, but me and my friend had a accident last night! I rear ended him, at around 5mph so i know that is is my fault. However, he didn't originally want to clam on his insurance, but he feels he needs to do it so he can get a car again. My question is, if he claims do i have to pay anything? Or will it just be my premium going up in march? I'm not wanting to claim on my insurance as ive only got light bumper damage/ wing. Nothing mechanically wrong with my car.
Hope to seek some advice Thank you
Comments
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There is normally no excess to pay for claims against you (but check your policy wording as there is an exception!)0
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your premiums will be higher next time round as you have a fault claim to you."It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
He will also have a higher premium for 3+ years after having been involved in an accident even though it wasn't his fault.
You should in theory both report the accident to your insurers
Whether it's financially worth it vs paying for the repair directly is up to youSam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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You both have had an accident so it is normally a requirement to report, if you rear ended him your fault, however if there is no claim from either party it may not effect your NCD as there isn't a claim and you settle it yourselves . I doubt his insurance will increase if your fault0
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Smartsaver7 wrote: »You both have had an accident so it is normally a requirement to report, if you rear ended him your fault, however if there is no claim from either party it may not effect your NCD as there isn't a claim and you settle it yourselves . I doubt his insurance will increase if your fault
Insurers will put up premiums for any fault if they wish to, regardless of fault because their "analysis" suggests people who have been in an accident are more likely to be in anotherSam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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Insurers will put up premiums for any fault if they wish to, regardless of fault because their "analysis" suggests people who have been in an accident are more likely to be in another
If their "analysis" about propensity to claim didnt show that statistically those who have had an accident are more likely to have another; they wouldn't load for it.0 -
paddyandstumpy wrote: »If their "analysis" about propensity to claim didnt show that statistically those who have had an accident are more likely to have another; they wouldn't load for it.
I know why they do it but being parked at say a red light and some chump doesn't brake in time and runs into you doesn't in any way shape or form make you more or less likely to have another no fault accident.Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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As I said, stats show someone who has had an accident is more likely to have another one, so I disagree with your comment above.
You may think it's not right or fair, but prior performance shows it's an indicator, therefore rateable.
Insurers do this not to penalise those who have had a claim (fault or non fault), but to allow lower premiums for those who haven't had a claim.0 -
But insurers don't just do this to those who have had a claim!paddyandstumpy wrote: »Insurers do this not to penalise those who have had a claim (fault or non fault), but to allow lower premiums for those who haven't had a claim.
They do it to those who (in line with the policy conditions)disclose incidents where no claim was made!0 -
paddyandstumpy wrote: »As I said, stats show someone who has had an accident is more likely to have another one, so I disagree with your comment above.
You may think it's not right or fair, but prior performance shows it's an indicator, therefore rateable.
Insurers do this not to penalise those who have had a claim (fault or non fault), but to allow lower premiums for those who haven't had a claim.
Care to present stats that show that? I suspect it is just a blanket stat that if you have a non-fault accident in general they put the premium up, rather than classify them based on situation.
Provide one statistical reason why someone sat at the traffic lights in dry weather, perfect visibility, is somehow more likely to claim because a random person wasn't paying attention and ran into the back of them.Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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