tick59
Free Member
Just a question if you make a claim how much of your no claims bonus do you loose. Never made a claim so have 11 years no claims, do you loose the lot if making a claim. fun!!! fun!!! fun!!!
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Even if you have an protected NCB your insurance premium will still go up and it will on every other vehicle you own as well even if they are insured with different companies, it all gets logs on the insurance data base.
My reasoning much the same. Probably would think hard about claiming for less than £1,000 and def no claim for £600 or less.That's really surprising that your insurance still went down.
My rule of thumb taking into account excess and increases in policy price(for other vehicles as well) that for anything less than £500 I would say nothing and bear the cost. In fact thinking about the hassle as well it's probably more like £600
True but it wouldn't have gone up if you hadn't had the claim which is what I was pointing out.It may increase lenny but that's because the base premium will have gone up - you'll still get the same %age discount though.
That's really surprising that your insurance still went down.
My rule of thumb taking into account excess and increases in policy price(for other vehicles as well) that for anything less than £500 I would say nothing and bear the cost. In fact thinking about the hassle as well it's probably more like £600
Why ? I've technically written vehicles off , albeit that they have been repaired privately, without ever telling an insurance company. Wouldn't even occur to me to tell them unless I was requiring them to pay.Your problem will be that even if no claim is made you still have to report the incident to your insurer
Why ? I've technically written vehicles off , albeit that they have been repaired privately, without ever telling an insurance company. Wouldn't even occur to me to tell them unless I was requiring them to pay.
but the big question is how are they going to find out if no third party was involved and the repair cost was self funded.I think you'll find its in the T's & C's AND if they discover what's happened they can and will probably void your insurance refusing to accept any further claims
Their argument is that it gives them an overall picture of your driving which they may use to assess risk and your premium So without knowing that you've had previous incidents they'll claim that your insurance is invalid as it was wrongly assessed
By reading a public forum......but the big question is how are they going to find out if no third party was involved and the repair cost was self funded.
but the big question is how are they going to find out if no third party was involved and the repair cost was self funded.
Sorry Jenny that's not how they work anymore it used to be years ago but no more.Lenny - that's not what I meant at all.
If an Insurer decides to increase all it's premiums on motor insurance, or on partic makes or models of vehicles - that's when the basic premium increases. The fact you've had or haven't had a claim or have only passed your test 5 minutes or 35 years ago, also has no bearing on the basic price. That aspect - there will be a minimum requirement - has no bearing.