Involve Insurance or not?
Discussion
My 18 year old new driver daughter had a bump today in my wife's car. Her fault, she drifted out of her lane and scuffed along the side of another car. My daughter agreed she is entirely to blame and the other driver kindly offered to let my daughter(or me to be more accurate) pay for her repairs instead of involving insurance.
I'm waiting for an estimate for the other car's repairs before making a decision on whether this is the sensible option.
My question is
'Roughly what would the break even point be for me to do this? and
how much is a clean record worth in cash?'
The policy has a £400 excess when my daughter is driving but this is irrelevant as it's an old Fiesta which I can just fix myself. There is no No Claims Bonus on this policy and the premium was about £750 per annum.
I'm waiting for an estimate for the other car's repairs before making a decision on whether this is the sensible option.
My question is
'Roughly what would the break even point be for me to do this? and
how much is a clean record worth in cash?'
The policy has a £400 excess when my daughter is driving but this is irrelevant as it's an old Fiesta which I can just fix myself. There is no No Claims Bonus on this policy and the premium was about £750 per annum.
Geekman said:
If she's 18, a clean record is worth an enormous amount. With a fault claim against her I wouldn't be surprised if her insurance cost doubled next year. If the repair was under £1k, I personally wouldn't tell them and just pay the other driver.
That is roughly what I'm thinking, the other car is an 07 Citroen C1, paint scuff all the way along, from the front wing to the rear bumper, physical damage limited to missing mirror and the rear bumper popped off one bracket.Gassing Station | Speed, Plod & the Law | Top of Page | What's New | My Stuff