Insurance and claiming

[SILICONEKID345HP]

I`m in a dilemma ,I hit a car damaging the bumper ,the driver ether wants my insurance details or £375.

The options are to pay him or let him claim off my insurance. I have 12 years ncb and a clean licence ,would I be better off paying him or letting him claim off my insurance. ?

I have no idea how much the insurance would increase and for how long .

Advice please.

[BertBert]

SILICONEKID345HP said:

I have no idea how much the insurance would increase and for how long .

And sadly, neither have we.

[SILICONEKID345HP]

Someone else will know .

[silentbrown]

You make it sound like he's blackmailing you. Is £375 a fair price for the damage - have you seen a quote?

As for insurance increase, Your insurer will know
When you claim, your NCB will be knocked back, normally to maybe 3 or 4 years NCB. (Depending on your current NCB and insurer)

Also, the 'discount' percentage that your new, reduced NCB will give you again depends on your insurer. And, because you've had a claim, there will now be an extra loading on your premium. You guessed, the amount will vary with insurer...

Why not plug your details into the meerkat thing with/without the claim, and see what difference it makes?

[TwigtheWonderkid]

What if you pay him and 3 months down the line he decides he's been injured. Then you're proper stuffed. Let your insurers deal with it, that what you pay them for.

[CanAm]

TwigtheWonderkid said:

What if you pay him and 3 months down the line he decides he's been injured. Then you're proper stuffed. Let your insurers deal with it, that what you pay them for.

Definitely this. Seen it happen too often. And the 4 other people who were in the car too.

[KevinCamaroSS]

CanAm said:

TwigtheWonderkid said:

What if you pay him and 3 months down the line he decides he's been injured. Then you're proper stuffed. Let your insurers deal with it, that what you pay them for.

Definitely this. Seen it happen too often. And the 24 other people who were in the car too.

Corrected that for you.....

[SILICONEKID345HP]

Is it true that his insurance will increase even if he is not at fault.

[Drumroll]

Again depends on the insurer. In this case the OP has already admitted fault. I would go through the insurance company. Better to be upfront now than get into deep doggy do later on.

[Retroman]

Let him claim off your insurance then if you want your NCB re-instated you can pay your insurance company back the money they had to pay out.

[mcflurry]

I can't see your premium rising by £376 or higher, but a comparison site can give you some closer figures than me

[deckster]

Presumably there is some reason that you've been paying for insurance for 12 years. It's probably time to let them do their job.

[xjay1337]

Is there any proof you hit him?

[andyc11]

Remember that you'll still need to disclose the accident regardless of whether you claim or not, so expect to see an increase in any event. Given this and for the reasons mentioned, just let the insurer deal with the whole thing.

[TwigtheWonderkid]

xjay1337 said:

Is there any proof you hit him?

What's the point of asking that? OP accepts he hit him, it's not in doubt.

[oblio]

I don't come on to SP&L that often however there used to be a chap on here called LoonR1 (Richard, I think) who was a mine of useful information when it came to insurance questions. I even had occasion to PM him a couple of times and he was very helpful indeed. I believe he worked quite high up in insurance so knew what he was on about.

Is he still about?

Nice bloke

[xjay1337]

He's not around anymore because he wasn't such a nice bloke after all.

[Mr Trophy]

How does this work if the tables as turned?

I only ask because someone's just gone into me! Will my insurance raise as a result in this?

[oblio]

xjay1337 said:

He's not around anymore because he wasn't such a nice bloke after all.

Oh really?

That surprises me

Can I ask what happened?

[98elise]

oblio said:

xjay1337 said:

He's not around anymore because he wasn't such a nice bloke after all.

Oh really?

That surprises me

Can I ask what happened?

Loon would give advice based on facts. Somone with zero knowledge would argue that he was wrong based on opinion. Loon would give some blunt responses. Some people would get offended.

After a while loon stopped posting so all you have now its the opinionated.

We have lost a few actual experts like this. For every 1 expert we have 100 people willing to shout them down.