How claims affect the cost of your policyIf you’ve made a claim, whether you were at fault or not, the premium of your renewal is likely to increase, although expect the increase to be steeper if you were at fault. The average claim value for an ‘at-fault’ accident is £2,500, and claiming for either an ‘at-fault’ or ‘not-at-fault’ accident drives premiums up by an average £134. If you’ve made a claim, you need to make sure you let your insurer know when you are renewing your policy as this is a legal requirement. But, fear not, it’s not all doom and gloom if you have had to make a claim. Insurers typically save their best prices for ‘new’ customers, so running a quote on comparison site will allow you see whether an insurer will match the cover you have, or at best, offer you a better deal just to win your business.
Top tips if you need to make a claimWhether you were at-fault for not, being in a car accident can be a really stressful time. But, keeping a cool head and having the know-how of what to do next will ensure your claim gets dealt with in the most effective way. Check out our following tips:
Inform the authorities and/or emergency services
Find your insurance policy documents
Collect your thoughts before calling your insurer
Consider the value of your no claims bonus and the level of your total excess