To Claim or Not to Claim
Discussion
I had a slight mishap this afternoon which has ruined 2 tyres and broken an alloy wheel.
I am covered by my insurance company but don't know whether to go that route or not.
The cost of repair I estimate at c£1050. (£550 Alloy + 2x£200 for the Tyre + £100 recovery)
My excess is £650 so insurance payout would be £400.
My annual premium is only £375 and that is with 9 years protected no claims.
Even though I've got a protected no claims are my premiums likely to go up next year?
There is a cheaper option of buying a steel wheel and using it as a spare if I weren't going through the insurers route.
So what's the collectives oppinion; claim or not to claim?
I am covered by my insurance company but don't know whether to go that route or not.
The cost of repair I estimate at c£1050. (£550 Alloy + 2x£200 for the Tyre + £100 recovery)
My excess is £650 so insurance payout would be £400.
My annual premium is only £375 and that is with 9 years protected no claims.
Even though I've got a protected no claims are my premiums likely to go up next year?
There is a cheaper option of buying a steel wheel and using it as a spare if I weren't going through the insurers route.
So what's the collectives oppinion; claim or not to claim?
An impact that broke a wheel - I'd suggest budgeting for an alignment check? And if that shows something up, some remedial work.
Generally, it's a very bad time to be making a claim. With the investment market behaving how it is, the old motor insurance approach of investing premiums and hoping the returns cover the claim payouts (which are always more than premiums collected) isn't serving insurers well.
As a result they are looking for any reason to jack up premiums. Over the course of 5 years (which is how long most will enquire into it) the inflated premiums + excess can cost you a fair bit more in the long run than paying for repairs privately.
Generally, it's a very bad time to be making a claim. With the investment market behaving how it is, the old motor insurance approach of investing premiums and hoping the returns cover the claim payouts (which are always more than premiums collected) isn't serving insurers well.
As a result they are looking for any reason to jack up premiums. Over the course of 5 years (which is how long most will enquire into it) the inflated premiums + excess can cost you a fair bit more in the long run than paying for repairs privately.
was there any roadside furniture involved?
I did exactly the same thing several years ago, the whole repair was about 1.5k through the dealers.
I then did considerable more damage 2 years later, which i did go through insurance for. And got stung heavily in the process at renewals. (accidents happen, but bl**dy glad i had insurnace, and couldnt fault pru at all)
Providing there was no damage to anything else other than your car, and you havent missed damage to any of the subframe, suspension etc, or any damage to any roadside furniture which could subsequently cause injury to others, i would avoid the insurnace route. double check your excess charges, as i completley overlooked compulosry excesses charges, expecintg it to be £500, when in actual fact it was £800.
Get the wheel alignment done too.
I did exactly the same thing several years ago, the whole repair was about 1.5k through the dealers.
I then did considerable more damage 2 years later, which i did go through insurance for. And got stung heavily in the process at renewals. (accidents happen, but bl**dy glad i had insurnace, and couldnt fault pru at all)
Providing there was no damage to anything else other than your car, and you havent missed damage to any of the subframe, suspension etc, or any damage to any roadside furniture which could subsequently cause injury to others, i would avoid the insurnace route. double check your excess charges, as i completley overlooked compulosry excesses charges, expecintg it to be £500, when in actual fact it was £800.
Get the wheel alignment done too.
Marcellus said:
So an update... repair cost is c£1700 that's;
> 2 x wheels @ £575 each
> 2 x Tyres @ £175 each
> Geometry check @ £75
> Recovery @ £75
If I were to claim the claim would be c£1000 does that make a difference to everyones thoughts about not going through my insurers?
These any good?> 2 x wheels @ £575 each
> 2 x Tyres @ £175 each
> Geometry check @ £75
> Recovery @ £75
If I were to claim the claim would be c£1000 does that make a difference to everyones thoughts about not going through my insurers?
http://stores.ebay.co.uk/a8parts_Wheels-and-Tyres_...
http://motors-parts.shop.ebay.co.uk/i.html?_nkw=au...
If I were you I'd invest in a can of tyre sealant as a get-you-home while you search for cheaper replacement alloys and just try to square it away as cost-effectively as possible yourself. Regardless of protected NCB, your premiums will go up for the next few (5?) years otherwise and of course if you are unlucky and have to make another claim this year, your NCB is f
ked.
ked.In answer to some questions/comments;
> Roadside furniture - None was damaged at all I hit/clipped the curbstones of a central reservation.
> Quoted tyre costs - even using camskill/black circle the price they've quoted is broadly what I can get the new tyres for.
> Availability and cost of alloys - I've checked everywhere I can think of (ebay, google, audi) and can't beat the £575 per wheel.
> Sub frame and suspension check - the repair centre are quoting to do this for a cost of £75, is this a reasonable cost?
> Insurers - I have already spoken to them as they also provide my recovery/breakdown assistance and theirs was the only number I had.
> Excess - the £650 is the compulsory plus voluntary
So all in all the cost the repairers have quoted seems to be fair I suppose I am wondering whether I really need 2 new alloys....... swerved and hit a curb at c35/40mph the both drivers side wheels.... the repairers say if you hit an alloy at that sort of speed then who knows whether you've done something other than chip it (and yes there was a chip out of it)
So it looks like the claim will be c£1000...... I have protected NCB but not really sure what that means when it comes to renewal.
> Roadside furniture - None was damaged at all I hit/clipped the curbstones of a central reservation.
> Quoted tyre costs - even using camskill/black circle the price they've quoted is broadly what I can get the new tyres for.
> Availability and cost of alloys - I've checked everywhere I can think of (ebay, google, audi) and can't beat the £575 per wheel.
> Sub frame and suspension check - the repair centre are quoting to do this for a cost of £75, is this a reasonable cost?
> Insurers - I have already spoken to them as they also provide my recovery/breakdown assistance and theirs was the only number I had.
> Excess - the £650 is the compulsory plus voluntary
So all in all the cost the repairers have quoted seems to be fair I suppose I am wondering whether I really need 2 new alloys....... swerved and hit a curb at c35/40mph the both drivers side wheels.... the repairers say if you hit an alloy at that sort of speed then who knows whether you've done something other than chip it (and yes there was a chip out of it)
So it looks like the claim will be c£1000...... I have protected NCB but not really sure what that means when it comes to renewal.
Marcellus said:
the repairers say if you hit an alloy at that sort of speed then who knows whether you've done something other than chip it (and yes there was a chip out of it)
Surely if they were any good they should be able to tell if the wheel really is unserviceable, or at least recommend someone that can check if it is cracked/stressed internally? Sounds like they may be being lazy and/or drumming up business for themselves; why not get a second opinion?anonymous said:
[redacted]
At least your claim (or not, as the case may be) is down to your own actions. Even more galling when your premium gets whacked due to no fault of your own: you'd like to think that having a No Fault incident on your record (and all damages recovered from the other party) would not affect your premium. Unfortunately it isn't so
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