Will a claim on one insurance policy affect the premium on another?

I have two cars on separate insurance policies. One car was written off, this was my fault. This is my first accident in 57 years of driving and the insurance companies are loading the new premium drastically is this fair? That aside I own another car do I have to disclose the accident in the first car to the insurance company when renewal is due on car two.

Asked on 12 March 2024 by Diane Cumberland

Answered by Louise Thomas

You should always disclose this type of information to your insurer, even if you didn't have an accident in the car you're wanting to insure. That's because prices are based off a driver's overall profile, rather than just the vehicle itself. Failing to do so could invalidate your insurance, so you should always be honest.

Tags: insurance claims insurance insurance premiums

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