Hit and run and insurance

monaymadlol

Hi my car was damaged mildly in an unwitnessed hit and run. Have protected ncd. I didn't realise this would be a fault claim and excess being deducted from any repair or total loss.

I went through gocompare who provided £250 free excess, but AA say they know nothing about it. Any thoughts?

Additionally,  what % would this effect my premium if going through vs just declaring the incident?

I was in near process of selling my car for another.  This will knock my car to maybe half the value and not worth repairing given age and mileage.

However if deemed a total loss, the insurer tends to pay well, but it will incur £400 excess and affect future premium.  I could probably repair at £1000 but as I say not worth it.

Thoughts welcome 🙏 

MyRealNameToo

The excess insurance is independent to the motor policy. You need to check the terms which vary based on when you bought the policy. Its likely gocompare.com/free-excess-protection-cover/archive-01-06-2025/ but will be different if you bought after 1st June. The terms have how to make a claim on it.

Do a pair of dummy quotes to see what the impact will be for you, details similar to yours but not your personal details. Do one with an unclaimed incident and a second with a fault claim and see what the percentage difference is. It's not a perfect process as there are other factors at play but it should be approximately correct. 

No one else can speculate the impact because insurers link rating factors so a 18 year old driver will see a larger increase in premiums after their first fault claim -v- a 40 year old with an otherwise perfect record. 

sheslookinhot

This happened to me in May. Car was a total loss, but repaired it for £1200. Excess of £225 refunded within days of claim. Insurance payout 15 days from claim. 

Expect my next quotation will be significantly higher. If it's not then great.

monaymadlol

sheslookinhot said:

This happened to me in May. Car was a total loss, but repaired it for £1200. Excess of £225 refunded within days of claim. Insurance payout 15 days from claim. 

Expect my next quotation will be significantly higher. If it's not then great.

I have a feeling mine will be a total loss. Why was your excess refunded? If its classed as fault claim? And you bought back from insurer? At scrap value?

I heard premium would increase 30-50% for 3-5 years if proceeding with a claim.

MyRealNameToo

monaymadlol said:

sheslookinhot said:

This happened to me in May. Car was a total loss, but repaired it for £1200. Excess of £225 refunded within days of claim. Insurance payout 15 days from claim. 

Expect my next quotation will be significantly higher. If it's not then great.

I have a feeling mine will be a total loss. Why was your excess refunded? If its classed as fault claim? And you bought back from insurer? At scrap value?

I heard premium would increase 30-50% for 3-5 years if proceeding with a claim.

Presumably from the GoCompare excess insurance which you started the thread about?

Premium changes are complex and broad brushstroke type statements like that have poor correlation. After my last fault accident my premiums went down £5 the next year but obviously can't say what would have happened had I not had a fault accident 

sheramber

monaymadlol said:

Hi my car was damaged mildly in an unwitnessed hit and run. Have protected ncd. I didn't realise this would be a fault claim and excess being deducted from any repair or total loss.

I went through gocompare who provided £250 free excess, but AA say they know nothing about it. Any thoughts?

Additionally,  what % would this effect my premium if going through vs just declaring the incident?

I was in near process of selling my car for another.  This will knock my car to maybe half the value and not worth repairing given age and mileage.

However if deemed a total loss, the insurer tends to pay well, but it will incur £400 excess and affect future premium.  I could probably repair at £1000 but as I say not worth it.

Thoughts welcome 🙏 

You will need to claim your excess back from compare. They provided the cover. 

monaymadlol

Against what and I others thought,  AA have decided they could pay the £1500 damage estimated on a 15yr old car with nearly 150k on the clock. 

I had hoped for a total loss, getting the payout,  option to buy/keep car at scrap value and reseller, since before this i had been looking for a car. I was going to sell my car to upgrade , put cash into savings and use my 0% card to pay off an upgrade. 

Im not sure what to do.

I would need to knock off a significant amount on my car to sell which has minor cosmetic damage and therefore record as incident and not a claim. 

Or go through as fault clsim and wait over a month for a repair from their approved garage 

I did ask for a review regarding the costs and total loss or not but came back with same response ie repairable