Car Insurance After Accident

cw8825

SeagullFTB said:

DullGreyGuy said:

We wouldn't have but then it would have been a claim handlers error for the OP to be this situation with any of the companies I worked for which would add to the reasoning as to why we wouldn't. 

As Admiral are not acting in the way that any of my former claims departments did I'd be purely guessing as to what they'd do mid term should the third party approach and make a claim. In principle they could rewrite the policy based on the changed claim status and NCD in the same way insurers do when you say you've had a car for 2 years, they ask for the V5c and spot you only been the keeper for 14 months. 

Could it be that as my wife is a relatively new driver (just under a year), the 1 year NCB wouldn't actually equate to any discount on the 2nd year of premiums? They mentioned that the NCB had been revised pending the outcome of the claim, which I would presume means it now shows as 0 NCB, but hasn't impacted the premium. 

Just hoping that next year the extra year of experience counter acts the claim, and doesn't result in the premium going up too much. £1200 seems high for a 2017 Kia Sportage, but as she has only driven for a year, it's understandable.

it could be that the difference in risk between 1year experience with a claim and 0 experience is very little

DullGreyGuy

cw8825 said:

DullGreyGuy said:

cw8825 said:

DullGreyGuy said:

So they do things a bit different to how the companies I did claims for which proves why you have to check with your own insurers, there are common practices but there are variations too. 

SeagullFTB said:

DullGreyGuy said:

SeagullFTB said:

@DullGreyGuy thank you.

I was given a renewal price with Admiral, which I intend to proceed with. Will this open claim cause that renewal price to change? It literally renews in 4 days time! 

Yes, they'll advise what its gone to if you contact them.

Thank you for your help. I spoke to Admiral and they said that my renewal in 4 days times will remain unchanged, as the incident has only been reported for information purposes.

The claim will remain open for six months. If the third party makes a claim, it may affect future premiums at renewal.

Out of interest.

Does this not leave the OP liable for a potential increase midterm?

We wouldn't have but then it would have been a claim handlers error for the OP to be this situation with any of the companies I worked for which would add to the reasoning as to why we wouldn't. 

As Admiral are not acting in the way that any of my former claims departments did I'd be purely guessing as to what they'd do mid term should the third party approach and make a claim. In principle they could rewrite the policy based on the changed claim status and NCD in the same way insurers do when you say you've had a car for 2 years, they ask for the V5c and spot you only been the keeper for 14 months. 

i did think it was strange.
Past experience has always been charge the extra then refund. This approach is baffling and leaves potential issues open 

Like anyone, we'd rather owe people money than have to go chasing them for it afterwards.

SeagullFTB said:

DullGreyGuy said:

We wouldn't have but then it would have been a claim handlers error for the OP to be this situation with any of the companies I worked for which would add to the reasoning as to why we wouldn't. 

As Admiral are not acting in the way that any of my former claims departments did I'd be purely guessing as to what they'd do mid term should the third party approach and make a claim. In principle they could rewrite the policy based on the changed claim status and NCD in the same way insurers do when you say you've had a car for 2 years, they ask for the V5c and spot you only been the keeper for 14 months. 

Could it be that as my wife is a relatively new driver (just under a year), the 1 year NCB wouldn't actually equate to any discount on the 2nd year of premiums? They mentioned that the NCB had been revised pending the outcome of the claim, which I would presume means it now shows as 0 NCB, but hasn't impacted the premium. 

Just hoping that next year the extra year of experience counter acts the claim, and doesn't result in the premium going up too much. £1200 seems high for a 2017 Kia Sportage, but as she has only driven for a year, it's understandable.

NCD has become a lot more complex since my days in Motor pricing and whilst a few still operate a very basic overt system the majority won't say what % discount you are actually getting and it can be impacted by multiple factors. 

Personally, just watch when the take the payment and make sure it is what you think it will be.  I assume you are looking at the renewal from a letter or an email with attachments rather than via a webpage/portal? If the later then the premium will potentially have already been adjusted for the incident and NCD given its "live"

SeagullFTB

DullGreyGuy said:

Personally, just watch when the take the payment and make sure it is what you think it will be.  I assume you are looking at the renewal from a letter or an email with attachments rather than via a webpage/portal? If the later then the premium will potentially have already been adjusted for the incident and NCD given its "live"

I am looking at the renewal premium from the Admiral online portal, which matches the renewal letter received a couple of weeks ago. I spoke to them on live chat after logging the incident and they said that the renewal amount will still be the same. The figure on the online portal remains the same. But I will of course keep an eye on the amount taken by Direct Debit next week!

Thank you for your help.

SeagullFTB

@DullGreyGuy The renewal went through earlier this week and the Direct Debit was more than expected. A quick look through the documents online shows that the premium did in fact increase by around £320. I contacted Admiral to query this as they told me it wouldn't increase, and they said that the incident hadn't been taken into consideration until after I had previously contacted them.

They did however confirm that thus far, the third party hasn't claimed. If the nobody claims and this remains a non-claim incident, should this have a lesser impact on future renewals?