Why did my insurance go up by £400 following a non-fault accident?
On 7 April 2010 I had a car accident (not my fault, and the third party accepted liability) and my car got written off as a Category 'D'. I went direct to the third party insurers through my solicitors, so I did not claim from my policy. I got paid out for my vehicle, however I'm still awaiting my injury settlement.
The thing is, in my first year of driving I paid £1184.78 to insure a Nissan Micra 51-plate 1.0. Please bear in mind I am a 22-year-old. Now, for the renewal of the same vehicle I have been quoted over £1600 as my first year runs out on 8 July. I asked them if it was because of my accident, despite the fact that it wasn't my fault. I was told it's not the case, but shouldn't my insurance have gone lower with one year's no-claims bonus?
The thing is, in my first year of driving I paid £1184.78 to insure a Nissan Micra 51-plate 1.0. Please bear in mind I am a 22-year-old. Now, for the renewal of the same vehicle I have been quoted over £1600 as my first year runs out on 8 July. I asked them if it was because of my accident, despite the fact that it wasn't my fault. I was told it's not the case, but shouldn't my insurance have gone lower with one year's no-claims bonus?
Asked on 27 June 2010 by mshah87
Answered by
Honest John
You have been hit because of the claim, which makes you an increased underwriting risk and because most policies went up about 25 per cent anyway, partly due to the activities and profit taking of credit hire operators.
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