Crazy renewal quote following motoring claim

tomkil

Paid £185 last year for fully comp on a 9 year old car - had full no claims at that point.

Back in November, some tool ran into my car in the car park at work and drove off forgetting to leave their details so I claimed the £900 for the repair minus the £200 excess.

Renewal for this year comes in at £511.

I know we're all paying more for our insurance and I'd expect to be punished royally for claiming but even so...

Please tell me I'm right to be appalled.

paddyandstumpy

You don't say if your NCB was protected? If it wasn't, it would have gone from 9 years to 3 years.

daveyjp

Its a free market, shop around, don't show any loyalty.

tomkil

NCB not protected so I'd been expecting to see a hike in the premium but the best part of 200% is just taking the mick!

ThePants999

You've gone out and got other quotes, right?

paddyandstumpy

5 reasons combine to have given this load (imo):

1. Reduction in NCB from 9 years to 3 years
2. Addition of a fault claim loading
3. IPT up from 9.5% to 12% (assuming renewal was June onwards)
4. General rate increases in the market
5. As a renewal, removal of the 'new customer discount' (assuming you shopped around and joined them last year)

Who is the insurer? And was it via a Broker? If so there could be a 6th reason too;

6. Broker offered reduced commission last year to secure the business, which they aren't doing this year.

System

I have had 2 non fault claims in 3 years my insurance renewal jumped over £300 but i found it cheaper going through comparison sites declaring both incidents.
I was a named driver on my hubbys policy and his jumped even more , he dropped me from his and it went to a more reasonable amount.

My new insurance covers me to drive other cars so should i need to i can drive his .

takman

tomkil wrote: »

Paid £185 last year for fully comp on a 9 year old car - had full no claims at that point.

Back in November, some tool ran into my car in the car park at work and drove off forgetting to leave their details so I claimed the £900 for the repair minus the £200 excess.

Renewal for this year comes in at £511.

I know we're all paying more for our insurance and I'd expect to be punished royally for claiming but even so...

Please tell me I'm right to be appalled.

Also they may take into consideration that you have had an at fault claim in a car park that you will be parking in almost every day of the week.
So there is quite a high risk this could happen again compared to other types of accidents.

Heliflyguy

CHRISSYG wrote: »

I was a named driver on my hubbys policy and his jumped even more , he dropped me from his and it went to a more reasonable amount.

My new insurance covers me to drive other cars so should i need to i can drive his .

You need to check your policy carefully, many DOC terms stipulate you are not covered to drive your spouses/partners car.

mattk_180

Heliflyguy wrote: »

You need to check your policy carefully, many DOC terms stipulate you are not covered to drive your spouses/partners car.

Some go one step further and say that it doesn't cover you to drive ANY vehicle permanently kept at your own address (so Spouse, Children, Parents, other family members/friends etc.)


In regards to the OP - the fact you didn't have protected NCB is a double whammy. This is what people don't get when they call NCB protection "a waste of time and a marketing ploy".


Insurers are free to charge whatever they feel is necessary for the risk. Only options here are to negotiate it down or shop around like others have already suggested.

sheramber

Heliflyguy wrote: »

You need to check your policy carefully, many DOC terms stipulate you are not covered to drive your spouses/partners car.

You may also only be covered for third party claims on your husband's car.