Insurance question
Discussion
Hi all, my first post.
I was my way into central London yesterday when i passed someone pulling out of a turning on my left, i was moving very slowly in traffic and he thought i had gone past, looked to his right and started to pull out, however i haddent quite past him and the front left of his bumper hit the left side of my back bumper. Puller over swapped details, he admitted fault , not a problem.
There not much damage to the car its only paint scraped of the bumper, so was going to go throught the insurance company. However my mother and sister said to me as when you are asked at renewal, "have you had any claims in the past 3/5 years ( or however long it is) regardless of fault?, i will now have to say yes. This then apparently increases my renewal, regardless of the fact i was not at fault. Is this True? Anyone else heard of this?
As i was looking to get a much more powerful car next year i don't want to do anything that will increase my premium as im still young only 23.And it's only about £100 pound worth of damage.
If it is the case that in increases my premium, i will ask him it we can do it privately ( the repair will probably cost less that his excess and he would get to keep his no claims), but if he phones his insurance company any starts a claim will i then have to go through my insurance? And do i have to inform my insurance company even if i don't claim?
Sorry all a bit new to this first ever crash, lucky only a prang but shaken up none the less
I was my way into central London yesterday when i passed someone pulling out of a turning on my left, i was moving very slowly in traffic and he thought i had gone past, looked to his right and started to pull out, however i haddent quite past him and the front left of his bumper hit the left side of my back bumper. Puller over swapped details, he admitted fault , not a problem.
There not much damage to the car its only paint scraped of the bumper, so was going to go throught the insurance company. However my mother and sister said to me as when you are asked at renewal, "have you had any claims in the past 3/5 years ( or however long it is) regardless of fault?, i will now have to say yes. This then apparently increases my renewal, regardless of the fact i was not at fault. Is this True? Anyone else heard of this?
As i was looking to get a much more powerful car next year i don't want to do anything that will increase my premium as im still young only 23.And it's only about £100 pound worth of damage.
If it is the case that in increases my premium, i will ask him it we can do it privately ( the repair will probably cost less that his excess and he would get to keep his no claims), but if he phones his insurance company any starts a claim will i then have to go through my insurance? And do i have to inform my insurance company even if i don't claim?
Sorry all a bit new to this first ever crash, lucky only a prang but shaken up none the less
Technically you have to tell your insurance of any accident, regardless if you're going to claim via your insurance or their insurance, or are going to sort it privately. Alot of them are now asking for accidents, not just specifically claims as well.
And more often than not it will increase your premium come renewal time, it did for me at least, quite a difference actually, £200. I don't know which insurers will disregard it, but they use their "statistics" to say someone who's had an accident will go on to have more accidents, how that works, don't ask me, I'm not a crook insurance salesman.
If you get it all sorted privatley and he doesn't mention it to his insurance, and you don't mention it to yours is a way to do it, you'll probabley get away with it. So it just boils down to how you want to play it.
If it does go through insurance though, you can go directly through his if he admits liability straight away (his insurance will usually ring you up and ask you how you want to sort it) or you can go through your own insurance, I did my accident through mine, they put me on to their accident management company, I didn't need to pay any excess up front (depends on how the company/insurer you are dealing with works though).
And more often than not it will increase your premium come renewal time, it did for me at least, quite a difference actually, £200. I don't know which insurers will disregard it, but they use their "statistics" to say someone who's had an accident will go on to have more accidents, how that works, don't ask me, I'm not a crook insurance salesman.
If you get it all sorted privatley and he doesn't mention it to his insurance, and you don't mention it to yours is a way to do it, you'll probabley get away with it. So it just boils down to how you want to play it.
If it does go through insurance though, you can go directly through his if he admits liability straight away (his insurance will usually ring you up and ask you how you want to sort it) or you can go through your own insurance, I did my accident through mine, they put me on to their accident management company, I didn't need to pay any excess up front (depends on how the company/insurer you are dealing with works though).
Edited by KingNothing on Friday 22 July 02:05
Edited by KingNothing on Friday 22 July 02:06
As KingNothing says, your policy almost certainly states that you must declare any accidents/damage your car has (and almost certainly any you/other named drivers have in other vehicles too!)
In the event you don't tell them and they later discover you've had an accident (perhaps you have another accident and they spot the existing damage or perhaps the other driver's insurer reports the incident) then they are free to cancel your policy/not pay out anything/even reclaim anything they've paid in the past!!
It's your call really - the main factor is the other guy.
If he reports it to his insurer and you DON'T, that's a problem (this is longer term, you don't have to do it IMMEDIATELY, but certainly within - say - a week or so).
If he chooses not to pay for the damage, you're going to look dodgy contacting your insurer further down the line???
If I were you I'd get a quote for the repair, ask the other guy for the money and if he pays ASAP, that's the end of it. If he ducks you, says he'll pay at the end of the month or quibbles about the cost, ring your insurer.
End of the day he can STILL opt to pay your repair cost and keep his NCB - you always have that option, even with insurers involved.
In the event you don't tell them and they later discover you've had an accident (perhaps you have another accident and they spot the existing damage or perhaps the other driver's insurer reports the incident) then they are free to cancel your policy/not pay out anything/even reclaim anything they've paid in the past!!
It's your call really - the main factor is the other guy.
If he reports it to his insurer and you DON'T, that's a problem (this is longer term, you don't have to do it IMMEDIATELY, but certainly within - say - a week or so).
If he chooses not to pay for the damage, you're going to look dodgy contacting your insurer further down the line???
If I were you I'd get a quote for the repair, ask the other guy for the money and if he pays ASAP, that's the end of it. If he ducks you, says he'll pay at the end of the month or quibbles about the cost, ring your insurer.
End of the day he can STILL opt to pay your repair cost and keep his NCB - you always have that option, even with insurers involved.
Edited by johnpeat on Friday 22 July 02:33
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