Caymen vs Ice+Kerb
Discussion
Bennachie said:
Did he crash both of his cars?
CayMEN being the plural. 
The car is a write off. An OPC will charge £100,000 to fix that damage, so your friend would be better off buying a 911 to replace it.
(Warning - The above may be nonsense and massive exaggeration, but your friend should be under no illusions that he will be paying thousands rather than hundreds.)
Was thinking perhaps the wing might just pop back into position, it doesn't seem to be pushing anything bumper forwards. Could easily be bent though, photo not good enough to tell.jamesogt said:
Gone to a garage to be assessed today, you are right re the wing it is out of sync.
Will update when he gets a quote to repair.
Had it 4 weeks, his insurance is 8k a year! Maybe the insurer was right....
He must make a habit of crashing. I think I pay something like £1,200 (31 years old, GSOH, etc.).Will update when he gets a quote to repair.
Had it 4 weeks, his insurance is 8k a year! Maybe the insurer was right....
911wise said:
Go through insurance. Get it repaired at a dealer of choice. Whatever the hike on next years insurance it'll be a lot less than paying to have damage fixed out of own pocket. It's what you/friend pays the premium for.
How can you say that without knowing the repair estimate and the excess?! 
There's a good chance that someone paying £8000 for a year's cover has a high excess and if that's his net premium after discount, it'll go up a lot after a claim, when 2 years' bonus is lost.
For example, if the base premium is £13,333 with a 2 year claim free discount of 40% (which hence equates to £8,000 net premium) then you can see how even a £5000 claim *might* be worth covering the cost of oneself (especially as you'll have to meet the first £xxxx as per your excess anyway).
Even if you have protected No Claims Bonus the net premium still goes up at renewal following a claim (because you are statistically a higher risk, hence higher premium, before they then apply the same (protected) bonus). So if £8000 is equivalent of a full (and hence protectable) discount of 65% that would make the base premium £22,857 (scary!) so it's easy to see that even a small 10% hike in the premium before the protected discount is applied is still well over £2k (to which you can add the excess).
Bear in mind that these are just examples based on the following year only whereas the effect of the claim on premiums will be felt for years to come.
thegoose said:
How can you say that without knowing the repair estimate and the excess?!
There's a good chance that someone paying £8000 for a year's cover has a high excess and if that's his net premium after discount, it'll go up a lot after a claim, when 2 years' bonus is lost.
For example, if the base premium is £13,333 with a 2 year claim free discount of 40% (which hence equates to £8,000 net premium) then you can see how even a £5000 claim *might* be worth covering the cost of oneself (especially as you'll have to meet the first £xxxx as per your excess anyway).
Even if you have protected No Claims Bonus the net premium still goes up at renewal following a claim (because you are statistically a higher risk, hence higher premium, before they then apply the same (protected) bonus). So if £8000 is equivalent of a full (and hence protectable) discount of 65% that would make the base premium £22,857 (scary!) so it's easy to see that even a small 10% hike in the premium before the protected discount is applied is still well over £2k (to which you can add the excess).
Bear in mind that these are just examples based on the following year only whereas the effect of the claim on premiums will be felt for years to come.
In fairness I didn't see that he was paying £8000 must be mad.This claim will run into a few 1000 if done by approved body shop so I'd still claim see what the increase is at renewal time, if too great get shot of car and take medicine for a year or two in something more sensible. No point been fearful about the future when you've paid 8k not to worry about such things.There's a good chance that someone paying £8000 for a year's cover has a high excess and if that's his net premium after discount, it'll go up a lot after a claim, when 2 years' bonus is lost.
For example, if the base premium is £13,333 with a 2 year claim free discount of 40% (which hence equates to £8,000 net premium) then you can see how even a £5000 claim *might* be worth covering the cost of oneself (especially as you'll have to meet the first £xxxx as per your excess anyway).
Even if you have protected No Claims Bonus the net premium still goes up at renewal following a claim (because you are statistically a higher risk, hence higher premium, before they then apply the same (protected) bonus). So if £8000 is equivalent of a full (and hence protectable) discount of 65% that would make the base premium £22,857 (scary!) so it's easy to see that even a small 10% hike in the premium before the protected discount is applied is still well over £2k (to which you can add the excess).
Bear in mind that these are just examples based on the following year only whereas the effect of the claim on premiums will be felt for years to come.
Also if he's paying 8k companies are basically saying they don't want to insure him so his situation is not likely to change anytime soon anyway.
No claims are a con. A great scheme put out by insurance companies to make you fearful of claiming.
Gassing Station | Porsche General | Top of Page | What's New | My Stuff