Car insurance - The price of honesty!
My car insurance renewal came through.
A week ago my wife was driving a hire car which was fully insured by Ryanair. As she was stationery at traffic light someone ran into the back of her. He admitted liability (which I videod).
Being an honest person, when I wanted to renew my insurance I declared that my wife as a named driver on my policy (she drives it about 3 times ayear) had had this no fault accident.
They immediately ran the renewal quote again and the renewal price has gone up £100.
I wonder how many people would have declared this, and if I needed to claim whether anyone would have discovered this very minor bump (broken brake light glass) in a foreign country?
I know someone will say they have a team of boffins working out how this indicates that my car is statistically more likely to be involved in a claim but I really don't beleive it.
It does make me think I'm too honest!
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