Non-fault accidents & daft insurance policies
Discussion
Since when has this been the case?
I just bought a new car and the best insurance quote was £1300. I put my girlfriend on the policy to see what would happen and it dropped to £1000. I thought I was dreaming, this was beautiful news.
I called up the insurance company to buy it and they ask if either of us has had an accident in the last 5 years. I say NO. They check on the central database and 'sorry sir, your partner appears to have had a non fault accident earlier this year. This may affect the quote.' Turns out it did and put the amount up by another £200!
I asked how can a small (sub £500) accident which wasn't even her fault affect the policy she is just a named driver on so much that it goes up 20%? His answer 'we work on statistics in the insurance trade and because of this accident she is more likely to have another' Utterly utterly ridiculous.
I still bought the policy (through gritted teeth) as it was the cheapest around but it sure took the shine out of my day.
I just bought a new car and the best insurance quote was £1300. I put my girlfriend on the policy to see what would happen and it dropped to £1000. I thought I was dreaming, this was beautiful news.
I called up the insurance company to buy it and they ask if either of us has had an accident in the last 5 years. I say NO. They check on the central database and 'sorry sir, your partner appears to have had a non fault accident earlier this year. This may affect the quote.' Turns out it did and put the amount up by another £200!
I asked how can a small (sub £500) accident which wasn't even her fault affect the policy she is just a named driver on so much that it goes up 20%? His answer 'we work on statistics in the insurance trade and because of this accident she is more likely to have another' Utterly utterly ridiculous.
I still bought the policy (through gritted teeth) as it was the cheapest around but it sure took the shine out of my day.
I had my insurance company try to bump up my premium at renewal because of a recent accident where someone reversed into my parked car (his insurance paid for the damage). They gave me the same phrase - "it means you're more likely to have another accident"(!) so I told them I'd go elsewhere because they were being ridiculous, and they backed down and agreed to the original premium.
Don't let them get away with this scam! Tell them you'll go to another insurer and tell them why.
Don't let them get away with this scam! Tell them you'll go to another insurer and tell them why.
pesty said:
thieving scum bags all of em.
Just playing devils advocate for a minute. If, as they claim, a non fault claim statistically makes someone more likely to have another claim in the future (and none of us have the data to prove this either way) then surely they're fully justified in increasing the premium to reflect the increased risk?
Unless, of course, you're claiming they're lying when they say people with a non fault claim are more likely to have another claim, in which case your original assertion would be quite correct.
thegreatsoprendo said:
pesty said:
thieving scum bags all of em.
Just playing devils advocate for a minute. If, as they claim, a non fault claim statistically makes someone more likely to have another claim in the future (and none of us have the data to prove this either way) then surely they're fully justified in increasing the premium to reflect the increased risk?
Unless, of course, you're claiming they're lying when they say people with a non fault claim are more likely to have another claim, in which case your original assertion would be quite correct.
I'll tell you what happened to me.
My motorbike parked legaly in a parking space woman does not see it when she is trying to park and knocks it over.
She admits full responsibility and I claim form her insureance not mine hers!
renewal time they say exactly same to me "because you have had a claim it means you are more likely to claim in the futre so your premium is loaded"
So advocate of the devil. Am I more likeley to claim than anyone else? or are they all infact theiving scum
ps I switched insurers anyway and got a cheaper quote but I still had to tell them about my "claim" I'm sure they all added a bit because of it.
So my bike insurers lost £600 renewal just because in my opinion they tried to rip me off. and they didnt even have to pay anything out.
edited to add I havnt claimed since
>> Edited by pesty on Friday 9th September 11:47
I’ve made several no-fault claims and always had my renewal premium loaded – even if the Ins Co don’t admit it. One of the things I’ve always wondered about this is can I claim the increase in premiums as an uninsured loss from the fault party? This is a bit tricky because your renewal could be up to a year after the claim and also you could potentially end up with a loaded premium for the next 5 years (since that’s how far the insurance co’s go back for claims)
Statistically, if you have a non-fault accident you are four times as likely to have a fault accident in the next 12 months, hence companines are starting to load premiums for non-fault accidents.
What I want to know is, at the time of the non-fault accident, can you claim for the increase in premium that will be inccured come renewal time?
edited to add...and sadly i am one of those statistics
Regards
Iain
>> Edited by chassis 33 on Friday 9th September 12:34
What I want to know is, at the time of the non-fault accident, can you claim for the increase in premium that will be inccured come renewal time?
edited to add...and sadly i am one of those statistics
Regards
Iain
>> Edited by chassis 33 on Friday 9th September 12:34
To make matters worse, I found out much to my disgust that non-non-fault claim's also affect your premium. You read it write - non-non-fault claims!
In my case my car was damaged by a driver trying to park in a space and missing, I called my (then!) insurance company to give them notification (as insisted upon on my policy - wouldn't have normally bothered but thought the police might need to be involved) to notify them, but a claim was never made by either party. My premium went up £300 (almost 75% increase) a few months later!
In my case my car was damaged by a driver trying to park in a space and missing, I called my (then!) insurance company to give them notification (as insisted upon on my policy - wouldn't have normally bothered but thought the police might need to be involved) to notify them, but a claim was never made by either party. My premium went up £300 (almost 75% increase) a few months later!
Is there a statician in the house who can explain why having one non-fault accident in the past increases your chances of having accidents in the future (whether your fault or not)? This would appear to be belief that insurance companies are working on. From my limited understanding of probability theory, the events are statistically "non-determinate" - i.e. it's not as if they can be predicted in the way, say, that tossing a coin 100 times can be predicted to land heads-up 50 times.
adey said:
Is there a statician in the house who can explain why having one non-fault accident in the past increases your chances of having accidents in the future (whether your fault or not)? This would appear to be belief that insurance companies are working on. From my limited understanding of probability theory, the events are statistically "non-determinate" - i.e. it's not as if they can be predicted in the way, say, that tossing a coin 100 times can be predicted to land heads-up 50 times.
Yep, well my wife is a statistician.
The insurance company assumes that your vehicle and the driver will potentially leave the car in a situation or area where there is an increased propensity of insurance risk.
And I could have a roof tile fall on my head when I walk past a house, so of course I only walk past newer houses
It's all a load of bollox to scam more money from us because and I'm sure you must KNOW this, insurance companies have been making a loss over the past few years because of freak weather and flooding etc. And I'm the King England
Statistics fook everything up when "making" money is involved.
They'll use every last possible trend in them to rob you of yet more money.
How does having someone reverse into your car or overtake head on into you etc make YOU more likely to claim?
I think some seriously skewed results must happen when they generate their database of stats to get any really meaningful trend!
Ie, people who "say" it wasn't their fault and actually it could have been partly their fault but they never say so, so then when they prang again it's just they are caught out and have had another accident!
Hmmmm
Dave
They'll use every last possible trend in them to rob you of yet more money.
How does having someone reverse into your car or overtake head on into you etc make YOU more likely to claim?
I think some seriously skewed results must happen when they generate their database of stats to get any really meaningful trend!
Ie, people who "say" it wasn't their fault and actually it could have been partly their fault but they never say so, so then when they prang again it's just they are caught out and have had another accident!
Hmmmm
Dave
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