Dealing with repairs for an ‘at fault’ insurance claim

[TeddyRuxpin]

I don't think you fully understood my post:



What I was saying was that him making a claim against your policy as a no-fault party won't increase his premium.

What will trigger his premium increase is the notification to his insurer, I.e. regardless of whether he actually claims against your policy, or settles with you privately.

In short, as a no-fault party, the premium will be affected only by the notification, and not by the claim (whether submitted or not).

This is essentially irrelevant. If we go through insurance, his premium will rise.

 

[Will]

This is essentially irrelevant. If we go through insurance, his premium will rise.

I’m not sure if you understood what markjay was saying - yes his premium will rise if he makes a claim - but it will also rise if he doesn’t make a claim and likewise even if you don’t claim either if you are notifying the insurer regards this incident (which you are obliged to do).

What I think this means is that he is hinting you should declare this incident even if you don’t make a claim. But I suspect you don’t want to tell them.

It’s a bit of a risk though if he persues say an injury claim () and you’ve paid out potentially hundreds of £££s for the repair costs, then take a hit on your premium come renewal time too.

 

[markjay]

This is essentially irrelevant. If we go through notify the insurance, his premium will rise.

See me correction above - that's how I would put it.

I.e., if you both 'play by the book' and notify your insurers as you are obliged to do under the terms of your respective motor insurance policies, then it will make no difference to him whether he actually submits a claim or not, because in either car his insurance premium will go up by exactly the same amount.

It's only in the event that you both decide to keep shtum and not notify your insurers, that he can avoid a premium increase by settling privately.

To clarify, I am not suggesting that you should do one or the other, I am simply explaining the position for the benefit of others who might find themselves in a similar situation and happen to read this thread.

In short, if you're a no-fault party making a claim against the other party's policy, then what triggers you premium increase is the notification that you make to your own insurer regarding the accident (which you are onliged to do), and not the claim that you make - or not make, if settling privately - against the other party's policy.