Absolute insurance con

[Yugguy1970]

Really annoyed.

I reported to my insurers about when I scraped my car but I didn't claim, I had it fixed myself.

But it's making my insurance more.

What a #%%ing con.

[Mojo1010]

That's what they do, I heard about this a long time ago. So if I had a small scrap and don't plan to make a claim, don't tell insurance. You lose, it's on file for 5 years. 

[Max_Headroom]

6 hours ago, Yugguy1970 said:

I reported to my insurers about when I scraped my car but I didn't claim, I had it fixed myself.

Why did you report it when you had no intention of claiming? 

[Bper]

Well that's what being honest does . Unless another vehicle was involved then really isn't any reason to report it and why should you. The problem is insurance companies will find any reason to increase premiums . Get other quotes .👍

[Yugguy1970]

13 hours ago, Max_Headroom said:

Why did you report it when you had no intention of claiming? 

I just wanted to check excess and if it was worth it claiming or repairing myself.   Like Bper said above, it's what I get for being honest.

 

[Hybrid21]

Unfortunately in todays world it rarely pays to be honest ☹️

[yossarian247]

Whilst I would never suggest telling an insurance company anything inaccurate, I also wouldn't volunteer any information which they didn't need to know, and would have had no way of knowling unless I'd told them. 

[Yugguy1970]

Aye, you're never too old to learn stuff.  

I've got this now to sort:

And I certainly won't be mentioning it to the insurance. 🤣

 

[Mojo1010]

I now recalled an incident about 2 years ago, a young fellow scraped a corner of my car's rear bumper while sitting at traffic lights. It was really minor, though a few scratches went through. He apologise and ask not to go through insurance. I said ok, will get a quote from the local body shop, which was only a few hundred metres away. 

Body shop quoted £220 cash, relay this to the young man. He ask could it be transfer half now and half next month as he haven't got all now and need to wait for next month's pay. Hesitantly agreed, felt sorry for him actually. Was paid fully as agreed within the timeframe. I did not want to involve insurance either.

Decided not to get it respray as similar incident could happen again. Did a touch up paint job, not great. Haven't managed to buff out the paint residue of the other car as no polisher to do it. 

Can anyone guess whether I inform my insurance about this incident? 

 

[Bper]

Reading this I wonder how many people have had accidents when it had been the other drivers fault and they agreed to pay for it in cash but made some excuse that they would transfer the money later but it never happened.  

It would be to late to try and go through the insurance company and would no doubt be left significantly out of pocket. Legal route would be difficult and possibly expensive.

Makes you wonder how often this has happened. 

[Mojo1010]

In my mind the above could happen. If the half wasn't paid by the next day I would inform insurance. It was paid the next morning, so it was a relieved I don't get an insurance con for 5 years on file. 

[Max_Headroom]

37 minutes ago, Bper said:

It would be to late to try and go through the insurance company and would no doubt be left significantly out of pocket. Legal route would be difficult and possibly expensive.

From moneyexpert.com

[davidif]

Insures routinely make it a condition of the insurance contract that they be informed of a collision whether or not a claim is to be made with the threat that if you don't the policy may be voided.

This is clearly a money making exercise on the insurers part and should be legislated against!

[Bper]

17 minutes ago, davidif said:

Insures routinely make it a condition of the insurance contract that they be informed of a collision whether or not a claim is to be made with the threat that if you don't the policy may be voided.

This is clearly a money making exercise on the insurers part and should be legislated against!

Hi David,

So do you think by informing them that your insurance premiums the next year may have an element of increase despite you not claiming. How would we ever know.🤬

[davidif]

My brother works in car insurance, originally as an assistant underwriter and latterly on the other side of the fence for an accident management company.

He has confirmed that premiums do indeed rise (in his experience), something about statistically if you are involved in a non fault accident you are likely to present a greater overall risk!

I cant see the link personally although  the insurers do.

[Yugguy1970]

I suppose they're right but this was a fluke low speed issue I just caught the side of my gatepost, I wasn't doing 90 in a 30.

[Bper]

4 hours ago, davidif said:

My brother works in car insurance, originally as an assistant underwriter and latterly on the other side of the fence for an accident management company.

He has confirmed that premiums do indeed rise (in his experience), something about statistically if you are involved in a non fault accident you are likely to present a greater overall risk!

I cant see the link personally although  the insurers do.

Well that tells us all. So if you inform the insurance company the premium goes up if you do not it can invalidate your insurance. Catch 22 it seems.

[Mojo1010]

6 hours ago, davidif said:

My brother works in car insurance, originally as an assistant underwriter and latterly on the other side of the fence for an accident management company.

He has confirmed that premiums do indeed rise (in his experience), something about statistically if you are involved in a non fault accident you are likely to present a greater overall risk!

I cant see the link personally although  the insurers do.

I read about the statistic thing before, same here, I cannot see the link if it's one off. 

1 hour ago, Bper said:

Well that tells us all. So if you inform the insurance company the premium goes up if you do not it can invalidate your insurance. Catch 22 it seems.

Yes and maybe yes/no. 

If one bought a used car it can have pre existing scratches or dents already. This is where I'm not concern about not informing insurance if i scraped it on my gatepost. Or bought from new, use independent body shop for repair, I won't be telling insurance for sure. It's up to the individual.