Guide to car insurance claims: How can an accident impact my next insurance premium
Insurance can be complicated because of non-fault claims, no claim bonuses, and driver responsibilities. This guide car insurance claims will help you decide if you want to file a claim.
What is the difference between at-fault and non-fault car insurance?
Non-fault car insurance claims are made when someone else is at fault for an accident. If a fellow motorist is behind you, it’s a non-fault car insurance claim.
Your insurance provider will attempt to recover the cost of repairs to your vehicle from those responsible. After this, your claim will appear on your insurance record as a non-fault case.
Claim for at-fault
When you are at fault for an accident, your car insurance policy will be considered at-fault.
It could also happen if your insurance company fails to recover all costs incurred by a third party.
What do I need to tell my insurance company about my accident?
You must inform your insurance company immediately if your car has been involved in an accident. Even if you don’t intend to claim.
It is important to be clear that you are only providing information. You don’t want to make a claim. Your provider should not attempt to settle the matter with the other party’s insurance without your knowledge.
You will need to provide details about all accidents that you have been in as a driver during the past five years when applying for a policy.
This applies to accidents that you caused while driving for a company and those that you did not cause.
We offer temporary car insurance if you need to borrow a vehicle for a brief period of time.
Our specialist learner driver insurance is available from one day to five months
What happens if I fail to tell my insurance company about car accidents in the past?
Insurance companies perform checks on insurance databases to see if you have disclosed anything.
Your policy could be cancelled if they find non-disclosure.
Are non-fault claims required to be declared
Non-fault claims must be reported to your insurance provider. They are stored on databases like the Claims and Underwriting Exchange, (Cue), and cross-checked between providers.
What does a claim have to do with my next car insurance premium
Your probability of being in an accident in future is a large part of the premium.
A claimant with a history of making claims will be required to pay more even if they have their no-claims bonus. Their history indicates that they are more likely to make another one.
After a claim has been filed, your insurance provider will need to reimburse any costs incurred.
Your premium will likely increase if you are not responsible for a claim and your insurance provider doesn’t collect enough money.
- Why is my car insurance going up?
- What to do following a car accident
- What do I have to do if my non-fault claim is denied?
You will be responsible for your excess regardless of fault. If a third party files a claim, some providers will not ask you to pay excess.
If you file a claim, and the third party insurer accepts liability, your excess can be waived. To confirm the approach of your provider, it is best to review your policy.
What will a nonfault claim have on my no-claims Discount?
You may lose some or all your no-claims discounts if you file a claim for non-fault.
According to insurance providers, drivers who have not filed a claim are more likely than others to file an at-fault case in the future. This could lead to an increase in your premium.
After your premium has been calculated, you will receive your no-claims discounts if you are protected. You may pay more overall for your insurance because of the higher premium even if you get a discount.
- Guide to No Claims Discount – Should I Protect My No Claims Discount?
- Is it worth adding legal costs insurance to your car policy?
- If I don’t report an accident, will my car insurance claim be denied?
If you fail to report any accidents in the past, your car insurance claim could be invalidated. Insurance companies cross-reference information you have and have not disclosed to ensure that there are no invalid claims.
You can complain to your provider if your claim has been denied unreasonably. If your complaint is not accepted, you can contact the Financial Ombudsman Service.
The Government service is completely free and referrals must be made within six months from the date the insurance company’s decision. FOS may order your provider to pay your claim. They could also award interest on the amount of your claim. If the FOS determines that you are guilty of deliberate non-disclosure they will reject your complaint.
Does an accident in a company vehicle still have an impact on my personal premium?
To protect their no-claims policy, many people do not tell their insurance companies about any accidents that occur in a rental car or company vehicle. However, this could be considered non-disclosure. Your policy may be invalidated if providers find that you have withheld any information.
Honesty is the best policy, and it will ensure that you are covered in case of an accident.
How do I check the history of my car insurance claims?
Contact the Claims and Underwriting Exchange to check your claim history. This database contains information about all incidents reported, regardless of whether you have filed a claim.
To check the accuracy of your data, visit the Motor Insurers Bureau. You can contact the MIB, or the insurance provider if you believe the information is incorrect.
If I file a claim on my insurance, but am also a named driver, do I need to notify my partner’s insurer?
If you are involved in an accident and have your own insurance, you should contact your other provider to get details.