Is insuring a car that's a Cat N write off more expensive?
Is insuring a Cat N vehicle more expensive and if so so by what percentage? My vehicle was hit from behind at low speed (about 10mph) with very little damage sustained. It has been deemed a Cat N write off. I'm considering keeping the car (taking the insurance company offer) and then passing it to my son in a couple of years. I don't want to do this if the insurance cost is going to inhibitive.
Asked on 13 May 2019 by Jane
Answered by
Honest John
t makes not the slightest bit of difference. It may well be the car is not a total loss, retaining salvage on a 'constructive total loss' may well put you in a financially worse situation as the insurers try to con you by advising they will deduct the salvage value from the settlement. If the repair costs are less than the market value, the car is not a total loss. Request a full copy of the insurers Audatex assessment (not the summary version). This will detail what is required to repair your car and the cost. If the repair cost is less than the market value, request a cash in lieu settlement from your insurer. This should be for the full cost of repair inclusive of VAT. That way, you still have your car, the insurance policy continues, the car is not a total loss and has no category attached.
We give you the low down on how to save on insurance, little-known tricks and tips, what insurance groups mean and how to use insurance aggregators to beat insurers.
Insurance group finder and how to save on insuranceSimilar questions
I know insurers require a new MoT for a vehicle that was a Cat N write off. They have given me 14 days to obtain one but is it a legal requirement? Could I still drive on the existing MoT? Also if it fails...
My car was damaged by another driver and they have admitted fault. I have been to the garage and they advise that the car is likely to be written off because of the cost of the repair (it is likely category...
Our insurer has deemed our car beyond repair and put a Cat N write off on the car. We can buy back the car - it only needs a front door and a small bit of bodywork - but what do I do next once they have...
.jpg)
