Second year insurance after an accident

Monkey22

Okay so, I passed my test 4 months ago, I paid £2400 insurance for a Ford Fusion my dad gave me. Last month I was stopped at a red light minding my own and next minute there’s a transit van in my boot- guy was so busy on his phone he didn’t even know I was there till he’d hit me at 40mph. Car wrote off. The accident is settled and obviously I’m not at fault and he’d admitted liability. I have my new car an Alfa Romeo Mito, when I insured it my insurance told me they were refunding me £150 as it wa cheaper to insure(only saw £79 of it after their “fees” were deducted). My question is- next year I’ll have a years no claims, I’ll be over 25 by the time my renewal comes which I’m told affects insurance and my cars cheaper to insure than the old one. I’ve been told that unfairly insurance companies still raise the premium if you’ve had a none fault accident. With the accident and other things taken into account. Will my premium still likely come down as it does but not by as much due to the accident, or Is it likely I’ll get done over and it’ll be even higher than it was in the first place? (my friend is 21 with the same car and his second year his came down by £1,000.) I’m getting a bit panicked about it as I can’t afford another £2,000+ next year, it’s an even harder pill to swallow if that’s the case considering the accident was not my fault in the slightest- if it was my fault at least I could say I brought it on myself but unlike a lot of my age group I drive carefully and take responsibility for the fact I’m in control of potentially a deadly weapon if the worst occurred.

Old_Git

Monkey22 wrote: »

Okay so, I passed my test 4 months ago, I paid £2400 insurance for a Ford Fusion my dad gave me. Last month I was stopped at a red light minding my own and next minute there’s a transit van in my boot- guy was so busy on his phone he didn’t even know I was there till he’d hit me at 40mph. Car wrote off. The accident is settled and obviously I’m not at fault and he’d admitted liability. I have my new car an Alfa Romeo Mito, when I insured it my insurance told me they were refunding me £150 as it wa cheaper to insure(only saw £79 of it after their “fees” were deducted). My question is- next year I’ll have a years no claims, I’ll be over 25 by the time my renewal comes which I’m told affects insurance and my cars cheaper to insure than the old one. I’ve been told that unfairly insurance companies still raise the premium if you’ve had a none fault accident. With the accident and other things taken into account. Will my premium still likely come down as it does but not by as much due to the accident, or Is it likely I’ll get done over and it’ll be even higher than it was in the first place? (my friend is 21 with the same car and his second year his came down by £1,000.) I’m getting a bit panicked about it as I can’t afford another £2,000+ next year, it’s an even harder pill to swallow if that’s the case considering the accident was not my fault in the slightest- if it was my fault at least I could say I brought it on myself but unlike a lot of my age group I drive carefully and take responsibility for the fact I’m in control of potentially a deadly weapon if the worst occurred.

No real way to Know what your insurance will be next year .
I had two accidents in the space of three months ,neither my fault .My insurance went down but not by much so I changed insurance companys .One company refused to insure me .They say if you have a no fault accident you are more likely to have a fault accident .You will have to declare your accident for insurance for the next 5 years .

Monkey22

Absolutely ridiculous the stuff they come out with... because I stopped at a red light and got hit whilst completely stationary, I’m more likely to be at fault for an accident, absolute joke!.

Old_Git

Monkey22 wrote: »

Absolutely ridiculous the stuff they come out with... because I stopped at a red light and got hit whilst completely stationary, I’m more likely to be at fault for an accident, absolute joke!.

My second accident I was stationary in traffic. The person who drove into the back of me was looking at the prices in the petrol station. I still have to declare it.

csgohan4

Monkey22 wrote: »

Absolutely ridiculous the stuff they come out with... because I stopped at a red light and got hit whilst completely stationary, I’m more likely to be at fault for an accident, absolute joke!.

Welcome to the world of motor insurance, luckily you can move elsewhere and shop around

eddddy

Monkey22 wrote: »

I’m getting a bit panicked about it as I can’t afford another £2,000+ next year

If you want, you can get an indication of how the non-fault accident will affect your premium next year by getting some dummy quotes on a comparison site.

Use a dummy name, address, reg no, email. Adjust the dates to suggest you've been insured for a year, and had the accident 8 months ago.

Insurers pricings might change by the time your renewal is due, but it should give you an indication, so that you can start saving-up or whatever.

(To be clear, doing this would be breaching the usage terms of the comparison site. So it's up to you to decide if you want to do it.)