No fault insurance premium increase

ontheroad1970

BOWFER said:

ontheroad1970 said:

BOWFER said:

It's by no means automatic that a 'no fault all costs recovered' incident increases premiums.
My mother and my wife both suffered from these sorts of accidents, no increase in premiums.
Shop around, simple as that.

But would those insurers have given a lower premium quotation had the no fault claims not been there?

What you're suggesting is that their existing insurers may have offered renewals at less than the year before, had the accidents not happened.
I've never, ever seen an insurance company offer a renewal at less than the previous year under any circumstance, so I'm confident we can ignore that little flight of fancy.

In this context your suggestion was to shop around.  How to you shop around for a renewal?  

Sandtree

Carrottop77 said:

Because LV had recorded the claim on the cartel website!

But as stated... not all insurers use the likes of CUE and even less check it in realtime at quote stage... more check it after to ensure details were correct.

Those that do are more likely to decline to quote than load premiums as there is a clear fraud risk if you are making false declarations

jimjames

BOWFER said:

ontheroad1970 said:

BOWFER said:

It's by no means automatic that a 'no fault all costs recovered' incident increases premiums.
My mother and my wife both suffered from these sorts of accidents, no increase in premiums.
Shop around, simple as that.

But would those insurers have given a lower premium quotation had the no fault claims not been there?

What you're suggesting is that their existing insurers may have offered renewals at less than the year before, had the accidents not happened.
I've never, ever seen an insurance company offer a renewal at less than the previous year under any circumstance, so I'm confident we can ignore that little flight of fancy.

Another day, another learning! Last year my premium was £183, this year's renewal is £178. Same car, same insurer. Churchill insurance, 23 year old car.

BOWFER

ontheroad1970 said:

In this context your suggestion was to shop around.  How to you shop around for a renewal?  

I'm not getting why this even has to be explained?
If your existing supplier tries to load your renewal because of a no-fault accident, shop around.
This is what we did, hence not paying any more for insurance even though we'd had an accident.

BOWFER

jimjames said:

BOWFER said:

ontheroad1970 said:

BOWFER said:

It's by no means automatic that a 'no fault all costs recovered' incident increases premiums.
My mother and my wife both suffered from these sorts of accidents, no increase in premiums.
Shop around, simple as that.

But would those insurers have given a lower premium quotation had the no fault claims not been there?

What you're suggesting is that their existing insurers may have offered renewals at less than the year before, had the accidents not happened.
I've never, ever seen an insurance company offer a renewal at less than the previous year under any circumstance, so I'm confident we can ignore that little flight of fancy.

Another day, another learning! Last year my premium was £183, this year's renewal is £178. Same car, same insurer. Churchill insurance, 23 year old car.

Haha OK!!

[Deleted User]

delete 123

Ibrahim5

We normally park on our drive but occasionally park on the road. I purposefully park ours so no neighbour would ever hit it while reversing off their drive. My wife however refuses to do that saying that if a neighbour reverses into our car it is their fault. So I think a lot of 'no fault' collisions could be avoided by extra thought by the 'innocent' party.

BOWFER

Ibrahim5 said:

We normally park on our drive but occasionally park on the road. I purposefully park ours so no neighbour would ever hit it while reversing off their drive. My wife however refuses to do that saying that if a neighbour reverses into our car it is their fault. So I think a lot of 'no fault' collisions could be avoided by extra thought by the 'innocent' party.

This is an oxymoron.
If any fault can be attributed to the 'innocent' party, then it stops being a 'no fault' accident and you're into the realms of 50/50.

foxy-stoat

Shop around, loyalty is not rewarded.  Your renewal may of gone up anyway.  I assume your renewal premium has gone up by £80 and you have just times that by 5, assuming it wouldn't go down over time.

Try not to get hung up on what your premium is going to be in 2022, 2023, 2024, 2025 and 2026 - loads of things may change.

Aretnap

BOWFER said:

Ibrahim5 said:

We normally park on our drive but occasionally park on the road. I purposefully park ours so no neighbour would ever hit it while reversing off their drive. My wife however refuses to do that saying that if a neighbour reverses into our car it is their fault. So I think a lot of 'no fault' collisions could be avoided by extra thought by the 'innocent' party.

This is an oxymoron.
If any fault can be attributed to the 'innocent' party, then it stops being a 'no fault' accident and you're into the realms of 50/50.

Not really. "Fault" or lack of it is a measure of how the claim was settled. This is often only loosely related to who was actually to blame.

Case in point. Many years ago when I was young and foolish I slightly knobbishly overtook a line of traffic that was queuing to turn left, pulled into a gap near the front of the queue at speed, slammed my brakes on hard... and the guy I cut in front of didn't brake as hard as I did. His insurers admitted liability and I was hardly going to argue with that, so it went down as a no fault accident from my perspective. But it still wasn't really my finest hour as a driver was it? Would you want to insure someone who regularly drives like that? I certainly had no real complaint about the fact that it put my premium up a little for the next few years.

That's part of the reason ticking the "no fault accident" box has an impact on your premium. The system does not, and cannot, distinguish between people who were genuinely blameless, and people who were just lucky with the way the claim worked out. It just applies an average rating which takes into account the fact that it could be quoting for someone like the OP, or for someone like my younger self.