Car Insurance: Please help

TheDude86

Not quite sure what to do here

I was in an accident a year and a half ago, was told the value of incident, that my firm strongly believes that im not at fault but that it would be a 50-50 fault due to no evidence.

On renewal i changed insurers and declared this as a fault. I was sure this was the case at the time, and didnt realise it was still 'open'.

Then got a letter through about four weeks ago (ive been busy) containing a refund of my excess and that the other company decided to deal without prejudice and that i am now back to a non-fault and have my no claims back.

Now i'm worried that if i tell my current insurer that they will prosecute me or cancel my policy for giving incorrect/withholding information from them. But obviously i'll be due a hefty rebate if i contact them and all goes well.

Do i ride it out until renewal or tell them and risk it?

Ive only had my license for a handful of years, i really dont want to risk messing it up as my car is my pride/joy.

Thanks

FutureGirl

Tell your new insurer. This goes in your favour. You're current policy will likely get a reduction and, if your old insurer recovered their costs, your no claims discount will be reinstated as well - so this goes in your favour.

TheDude86

Thanks, just worried that they would have seen this as 'witholding information'