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Car insurance gone up by £1000 for no reason :) Watch

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    So I got insured, £1900 all good and well. One year later and one year no claims bonus added, and my renewal price is now just over £3000 )))

    The only thing I can think of that could have caused this is when I got rear ended by some guy a few months ago, small accident, but how this should add £1000 to my policy is beyond me

    Is this stupid or am I missing something?
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    Why do you seem so happy about this?

    Premiums go up when you're involved in an accident even when it isn't your fault. Studies showed that people who get into accidents are likely to later cause one themselves. Sucks, but it's the truth.
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    Have you spoken to your insurance company about it?
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    (Original post by BullViagra)
    renewal price is now just over £3000
    This is the key problem in your post - RENEWAL price. Shop around, find a better deal. Whilst the accident may have raised your premiums slightly, odds are you'll get a significantly better deal elsewhere.

    The common tip is never to let your policy renew; always shop around year on year.
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    (Original post by BullViagra)
    So I got insured, £1900 all good and well. One year later and one year no claims bonus added, and my renewal price is now just over £3000 )))

    The only thing I can think of that could have caused this is when I got rear ended by some guy a few months ago, small accident, but how this should add £1000 to my policy is beyond me

    Is this stupid or am I missing something?
    It seems unfair, but non-fault accidents can, and often do, increase your premium even where the insurer has recovered all their costs. It seems ridiculous that an accident which was not your fault should do this, and I've seen insurance companies quote some guff about those who are involved in non-fault accidents being statistically more likely to be involved in further accidents, but I don't really buy that.

    However, it may well be that your current insurer doesn't have the appetite for the risk that you are presenting, hence the hike in your premium. Have you done a price comparison website quotation - I'm sure you can get it down to a much more reasonable figure, particularly given your NCB for this year.
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    (Original post by BullViagra)
    So I got insured, £1900 all good and well. One year later and one year no claims bonus added, and my renewal price is now just over £3000 )))

    The only thing I can think of that could have caused this is when I got rear ended by some guy a few months ago, small accident, but how this should add £1000 to my policy is beyond me

    Is this stupid or am I missing something?
    This is just what they do. Same thing happens to my boyfriend, and most of my friends every year. Just get insurance with another company.
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    (Original post by Reality Check)
    It seems unfair, but non-fault accidents can, and often do, increase your premium even where the insurer has recovered all their costs. It seems ridiculous that an accident which was not your fault should do this, and I've seen insurance companies quote some guff about those who are involved in non-fault accidents being statistically more likely to be involved in further accidents, but I don't really buy that.

    However, it may well be that your current insurer doesn't have the appetite for the risk that you are presenting, hence the hike in your premium. Have you done a price comparison website quotation - I'm sure you can get it down to a much more reasonable figure, particularly given your NCB for this year.
    I agree.
    And quite a few insurance companies are known for making renewal prices more expensive than if you went with them as a new customer, which is unfair. They don't encourage loyalty at all.
    Definitely shop around.
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    (Original post by IWMTom)
    This is the key problem in your post - RENEWAL price. Shop around, find a better deal. Whilst the accident may have raised your premiums slightly, odds are you'll get a significantly better deal elsewhere.

    The common tip is never to let your policy renew; always shop around year on year.
    This is really true, these insurance companies will always treat newcomers better than loyal customers, so the solution is to always be a newcomer. My parents car insurance recently just went up for no reason at all, so they shopped around, got the same deal as they had before.
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    Completely agree, got a Pug 206 sport, was 1600 with admiral last year, upon renewal they try charging me 4000!!!! so im like nah, and now ith direct line for £870 for the year
 
 
 
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