The insurances risk associated with your last 5 years of claims history
By now understanding how you can overcome the question of will your insurance go up if accident not your fault for reason 1; by working with an accident management company, is the first step to avoiding an increase in your next insurance premium.
However, once your non-fault claim has been finalised by the accident management company, your insurance company must be made aware of the accident claim.
During the Accident Management process, our team will keep your insurance company up to date with the details and conclusion of the claim.
Your claim, although declared as not your fault, will still be documented and additionally stored in different insurance databases, such as the Claims and Underwriting Exchange (CUE). Claims, even non-fault, are still considered when insurance renewals are due for up to 5 years after they take place.
After the claim conclusion, the risk is calculated based on the non-fault accident circumstances. Some insurance companies believe that, as you were in a car accident, it is possibly more likely for you to be in another one compared to someone who has not been in one.
One example of this is: If your car was hit while parked on a road that you park on frequently, this road could now be considered a slightly more dangerous road and by your car being parked there still moving forward, the risk of this happening again could be just as high as it being struck the first time.
Another example might be: If your non-fault accident occurred on your usual route to work in rush hour traffic, there is a possibility that your morning route is now classed as a more dangerous route than previously considered and therefore the risk associated with your policy involves an increased premium.
It is said that a non-fault claim shouldn’t affect your insurance in this way.
However, if you are involved in a non-fault accident and later notice an increase in your premiums once the claim has been concluded, it is encouraged to challenge your current insurance provider about the increase.
If your insurance provider can’t provide a reasonable reason for the increase, can’t help to bring down the quotation or directly link it to your non-fault accident claim; it might be a good idea to shop around for a better offer.
The insurance market is a highly competitive market and it’s very likely that you will quickly and easily be able to find a quotation for your annual car insurance for a better price; especially by using insurance comparison website such as: