Discussion
The devil said:
Can anyone explain why when you are in a non-fault accident, somebody hit me up the back, why it should affect my insurance
Because that's how it works. Insurance companies have it all ends up.Other examples include :
a) Having protected NCD, then making a claim, then the premium increases. Why ? Because they just increase the base premium, keep the NCD the same, so the nett result is an increase.
b) Having to build up separate NCDs ( say if you have two cars ). But if you make claim, it affects both your NCDs.
Hmm, funny that.
The devil said:
Can anyone explain why when you are in a non-fault accident, somebody hit me up the back, why it should affect my insurance
A no-claim discount is exactly that, it's a no-claim discount, not a no-fault discount - hence it's called a NCD not a NFD.Harsh but true I'm afraid.
However, different insurers do load premiums differently for claims that are fully settled by a third party, from significant loading to seemingly no loading. With on-line insurance systems allowing you to edit your details and then re-quote you can easily tell with a few clicks what the loading companies are putting on it.
Certainly after a claim it seems to be the case that moving is almost always better than staying with the same insurance company. I'm sure my actuary friend will tell me why statistically you are more likely to have a fault claim if you've had a no-fault claim, but I'm with the general populus that it seems to be mad - but apparently statistically it is true....
One final thing is ensure whatever you are using to get the quote clearly asks for the amount you were liable for, if a question along the lines of "claim made under your insurance" (from memory this is the way comparethemarket asks it). If you claimed off a third party then either put £0 for the former, or no for the latter.
J
Edited by joust on Tuesday 23 August 16:41
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