Short ban for no insurance - insurance increase?
Discussion
Advice please,
Friend of min in Huddersfield has just had a 2 week ban for driving with no insurance as he was driving solo before he passed his test.
He's only renewed his insurance a month ago but wants to know if he has to tell his insurance company now about the ban, or if he can wait til his next renewal.
Any ideas as to how much his insurance will go up by (as a proportion)?
Friend of min in Huddersfield has just had a 2 week ban for driving with no insurance as he was driving solo before he passed his test.
He's only renewed his insurance a month ago but wants to know if he has to tell his insurance company now about the ban, or if he can wait til his next renewal.
Any ideas as to how much his insurance will go up by (as a proportion)?
If he gets an IN10 it will go up ASTRONOMICALLY!!!!
Insurance companies do not like IN10 codes (driving without adequate insurance) as it is basically defradinging them (even though most of them are fraudsters in their own rights
)
No good news on this. When I was 21 with an IN10 (insruance company stopped my cover without informing me - long boring story!) I had to pay £1300 3rd part only
on a C reg VW 1.6 standard golf worth £250.
Friend of mine with an F reg golf valued at £800 with no points in the same area was paying £600 3party f+T so as you can see its a HELL of a difference!
Insurance companies do not like IN10 codes (driving without adequate insurance) as it is basically defradinging them (even though most of them are fraudsters in their own rights
) No good news on this. When I was 21 with an IN10 (insruance company stopped my cover without informing me - long boring story!) I had to pay £1300 3rd part only
on a C reg VW 1.6 standard golf worth £250. Friend of mine with an F reg golf valued at £800 with no points in the same area was paying £600 3party f+T so as you can see its a HELL of a difference!
Tell em...they'll use it as a reason not to pay out in the event of a collision...
I'm dealing with an insurance company at the moment in response to a serious RTC that I'm dealing with....Because the driver didn't tell the company about previous criminal conviction (not motoring convictions), they are not going to pay him out for his car. They will still pay out on the other car, the one he hit, but his car; forget it...
I'm dealing with an insurance company at the moment in response to a serious RTC that I'm dealing with....Because the driver didn't tell the company about previous criminal conviction (not motoring convictions), they are not going to pay him out for his car. They will still pay out on the other car, the one he hit, but his car; forget it...
gh0st said:
If he gets an IN10 it will go up ASTRONOMICALLY!!!!
Insurance companies do not like IN10 codes (driving without adequate insurance) as it is basically defradinging them (even though most of them are fraudsters in their own rights
No good news on this. When I was 21 with an IN10 (insruance company stopped my cover without informing me - long boring story!) I had to pay £1300 3rd part only
Friend of mine with an F reg golf valued at £800 with no points in the same area was paying £600 3party f+T so as you can see its a HELL of a difference!
Same problem, however mine came to light as a result of a producer after being stopped by a copper with a speed gun... well and truly screwed by pretty licence endorsements.
(Insurance company ceased cover without telling me, long story covered here in the past, needed a copy of my documents which is when I discovered the problem....)
Of course this makes GETTING affordable insurance extremely tough. I can see why many people simply give up on insurance and pay fines whenever issued..
Thanks, guys. At least he'll know where he stands.
I'll ring him with the news.
Sure he'll be chuffed...
Erm that sounds somewhat ungrateful. it's not supposed to. PH has come up with good info as usual. Just don't think my mate will appreciate it , though..
>> Edited by stackmonkey on Thursday 4th November 15:56
I'll ring him with the news.
Sure he'll be chuffed...
Erm that sounds somewhat ungrateful. it's not supposed to. PH has come up with good info as usual. Just don't think my mate will appreciate it , though..
>> Edited by stackmonkey on Thursday 4th November 15:56
The premium will increase but it shouldn't be massive. If the increase is so big, it will deter that person from getting insurance, so when they crash, it'll just come out of the MIB fund. Insurers would much rather they got some premium this way, as they'll end up paying out in the end anyway if they have another crash!
Muncher said:
The premium will increase but it shouldn't be massive. If the increase is so big, it will deter that person from getting insurance, so when they crash, it'll just come out of the MIB fund. Insurers would much rather they got some premium this way, as they'll end up paying out in the end anyway if they have another crash!
I beg to differ from experience - IT WAS ENOURMOUS! I was also getting refused insurance as they would not accept an IN10 code.
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