Insurance

[b4u2]

I was kind to lend someone who I'm very close with my car when I was away for 2 weeks. Unfortunately this person hit a third party car in a car park and they made a claim which was against my policy as this person was added on to my insurance for 2 weeks while I was away. Does anyone know or have experience how much more my premiums are going to go up at renewal  because of this claim and for how many year's?

[NemesisUK]

Virtually impossible to say as each case, policy and personal circumstances will differ.

Sorry not much help now but it would have been better to leave them to use their own insurance (assuming they have insurance) as most policies allow one to drive any car, not owned or hired to one, with that owner's permission.

[Boxbrownie]

1 hour ago, NemesisUK said:

Virtually impossible to say as each case, policy and personal circumstances will differ.

Sorry not much help now but it would have been better to leave them to use their own insurance (assuming they have insurance) as most policies allow one to drive any car, not owned or hired to one, with that owner's permission.

Usually though it just covers third party claims, it would have been better to ask the friend to extend their policy cover to the Lexus for two weeks, if their own insurers would have done so, not all are so accommodating.

[Linas.P]

As Peter said, it is hard to say by how much it will go up, but I can confirm it will impact your premium for 3-5 years depending on insurance company. That is because underwriters usually checks claims history for this period and you have to disclose claims for such period. This is basically what the question "do you have any claims in last 3 years (sometimes it is 5 years)" is for. 

By how much is basically depend on individual case, in my case (although it was not my fault, but in UK it does not matter whose fault it is) the claim added £250 or ~25% of my Premium. My premium was £900 and 3 claims made it £1660. One was not my fault, second was not my fault and I have not even claimed and third one was windscreen cover claim. But all depends on your insurance and they do not disclose how they calculate the premium so you will never know. 

I guess one way of calculate it theoretically is to make two generic accounts on something like compare the market without adding any personal details, but using correct details for car and address. Make 1 quote answering the question whenever you had accident as "no" and on second account answering "yes" and adding the damages and who is at fault. Then see what the difference on quote it makes. However, there are still caveats because when you make actual quote on your name other factors may be at play and end result can be different. But this is the closest you could get at knowing how much it will impact your insurance.

[DAN@ADRIAN FLUX]

Hi.

Sorry to hear about this.

If you need any help with your insurance come renewal time then please feel free to drop me a line. I'd be only too pleased to try and assist.

Regards,

Dan.