- Joined
- 7 Sep 2020
- Posts
- 4,336
- Location
- Gods Country
Insurance confirmed today that the statement above is categorically untrue....... ownership doesnt change hands on retention of the salvage.
Category S econonimcal write off
- Thread starter The Angry Welshman
- Start date
- Joined
- 7 Sep 2020
- Posts
- 4,336
- Location
- Gods Country
WOW..... my insurance premium went up by a Whopping £2 a month. I guess some people are not in the know as much as they think they are.
Soldato
- Joined
- 18 Oct 2002
- Posts
- 16,233
- Location
- The land of milk & beans
The net increase may be more than £2 as generally insurance prices have dropped in the last 12-18 months. Personally speaking, mine went down £105 or ~20%.
Glad it didn't make much of a material difference for you though.
Glad it didn't make much of a material difference for you though.
People are very quick to say that any insurance claim will put a massive increase on your renewal, but there's no real evidence of that.
My car was written off this year, it wasn't my fault. When I renewed, the first price I was given was about sixty quid lower than last year. I told them about the write off and insurance claim and it rose by £13, so my renewal was still £47 lower than last year.
Associate
- Joined
- 19 May 2010
- Posts
- 2,122
- Location
- Cheltenham
I wrote on my 2016 E Class in an accident that was my fault and cost the insurance 24k, plus 8k for damage to the other vehicle.
My insurance went up £100 the next year…
Yeh but insurance prices are on a steep decline atm, -16% in the last year, and currently lowest in 2 years.
You are lucky that didn't happening when prices wee increasing +58% in 2023.
Cost of car insurance breaks record once again as average price reaches £924
New data reveals how prices have soared by £338 (58%) in just 12 months
www.confused.com
Last edited:
Pretty sure I only paid ten or fifteen quid more that year when prices were going up.
Not sure what that has to do with pricing going up after a claim. The point is, that you can't just say, my price only went up £13 after a claim, when your price would have gone down £60 instead, which you stated.
You also don't say what that is as a percentage.
Last edited:
Yeah, I don't know why you brought up insurance prices going up in 2023 when this is a discussion about prices going up after a claim. I'm as confused as you are.
My point is that everyone screams at how much even a non fault claim will knacker your insurance for years, when both I and @The Angry Welshman have both demonstrated the opposite in that it's a tiny increase. Nothing more than that.
It's not a tiny increase. You would have been hammered in 2023 if you claimed then.
You still haven't given your percentage change for this year. Going from -£60 to +£13 on a £400 starting premium (£400+£13) / (£400-60) is a 21% increase over not having a claim. 17% if starting at £500, or 30% if starting at £300.
Last edited:
My first car was badly damaged by a stolen vehicle and I had to claim off insurance. My insurance went up by £500 (70%) the following year and took years to get back to where it was. Does my anecdotal evidence trump your anecdotal evidence?
The truth is a no fault claim can affect your insurance costs, just not always.
Insurance has dropped about 15% - 20% this year. So yes the OP on paper only paid a negligible increase on their previous insurance. But in actual percentage terms their premiums increased ~20% over what they would have been.
The truth is a no fault claim can affect your insurance costs, just not always.
Insurance has dropped about 15% - 20% this year. So yes the OP on paper only paid a negligible increase on their previous insurance. But in actual percentage terms their premiums increased ~20% over what they would have been.
Deleted member 280263
Deleted member 280263
Despite you doing nothing wrong, does this not count as a claim against yourself, with you at fault in this situation - as you had no choice, but to claim against your own insurance, because of what happened - so the insurance makes you bite the bullet.
So because of this, it would cause your insurance to go up, unfortunately, at no fault of your own?
Yes, unless the insurance managed to claim the costs back from whoever stole the car that would be a fault claim.
You've not read my post properly, you seem to think I'm paying more than I did last year. I'm not.
"When I renewed, the first price I was given was about sixty quid lower than last year. I told them about the write off and insurance claim and it rose by £13, so my renewal was still £47 lower than last year."
My renewal was initially £60 lower than last year.
I told them about the accident and the renewal prince they quoted went up by £13. Not +£13 on my existing price, +£13 on the renewal price they quoted.
So my renewal is still £47 lower than last year, despite a no fault write off claim.
I paid £237.80 this year.
- Joined
- 7 Sep 2020
- Posts
- 4,336
- Location
- Gods Country
my insurance went up from £243 to £262..... how is that a 20% increase.
Because he's assuming without the incident your premium would have been about £200.
Without trying to be condescending, that is genuinely not my intent.
With current lower insurance trends of ~15% compared to 2024, it could have been dropping to ~£215 ish without that no fault claim.
£262 - £215 = £47.
£47 is just under 20% of £243. (Last years baseline).
It’s just how percentages work. So instead of your insurance dropping roughly £28 in one year, it has gone up £19 for a total increase of £47. So the no fault claim has (on the face of it) cost you roughly 20% increase in current insurance costs.
With current lower insurance trends of ~15% compared to 2024, it could have been dropping to ~£215 ish without that no fault claim.
£262 - £215 = £47.
£47 is just under 20% of £243. (Last years baseline).
It’s just how percentages work. So instead of your insurance dropping roughly £28 in one year, it has gone up £19 for a total increase of £47. So the no fault claim has (on the face of it) cost you roughly 20% increase in current insurance costs.
Yes I used my own insurance but was also informed they would be seeking the owners insurer to accept liability, my premium skyrocketed regardless.
- Joined
- 7 Sep 2020
- Posts
- 4,336
- Location
- Gods Country
coulda, shoulda, woulda...... talk facts not assumptions.
no one knows what my insurance would have been and making idle guesses just like some others in this thread, doesnt make you right.
Fact is my insurance only went up by less than 10%, based on last years premiums. Stop tryung to use assumption and making it factual.
It’s not assumptions or idle guesses, it’s actual factual information that average insurance premiums have dropped this year. So given this trend, nobody has claimed your premium would have been lower but that it probably would have been lower.
This is to clarify more the point that even no fault claims can and do generally cause insurance premiums to rise.
www.which.co.uk
www.confused.com
I’m not sure why you are getting so defensive and aggressive. You necroed your own thread to try and do some pointless “gotcha” and some of us are simply trying to help you understand it’s not the “I told you so” you think it is.
This is to clarify more the point that even no fault claims can and do generally cause insurance premiums to rise.
What's happening to car insurance premiums? - Which?
Cost of car insurance fell £56 over the year, says ABI data
Has car insurance gone up?
The average cost of car insurance in the UK is now £735 annually, prices are at their cheapest in more than 2 years.
www.confused.com
I’m not sure why you are getting so defensive and aggressive. You necroed your own thread to try and do some pointless “gotcha” and some of us are simply trying to help you understand it’s not the “I told you so” you think it is.
Last edited: