Could Claiming on your Car Insurance Affect Your Premium?

Unfortunately, the short answer is yes. Yes, it can. 

Well, that’s according to new data from another insurance comparing website, anyway. But it was reported on Which that the average premium price could shoot up by £184, if you have made a claim.

However, if you do find yourself needing to make one, and your car insurance premium is hiked up, you can relax a little. It’s likely that it will fall again if you don’t end up making more claims any time soon.

So, no need to panic! Okay, maybe just a tad, but we Brits do love to be dramatic, don’t we?

Why are car insurance premiums climbing because of claims?

Well, the most obvious and logical answer would be related to the lifting of restrictions surrounding Covid-19. 

With more cars back on the road, it’s likely that more claims are being made. 

More motors = increased likelihood of accidents.

What happens if I need to claim, and it isn’t my fault?

Let’s take, for example, your motor is unfortunately stolen. We really hope it isn’t, but hypothetically and for understanding’s sake, we’re declaring it gone. 

Alas, the answer isn’t good, and it isn’t looking great for you. 

In this instance, it was found that premiums were still likely to increase, at an average of £175 more than a motorist who hasn’t claimed.

There could be a couple of reasons for this. Firstly, insurers wouldn’t be able to recoup any of the cash if a car is written off… Mainly because there is no car to write off. 

Secondly, if your car is (let’s hope this never happens) stolen, insurers are likely to assume it could happen again. Location and crime rates famously affect your premium anyway.

On the other hand, if it is your fault…

You might actually be better having had your car nicked. Yep, you read that correctly. Premiums rise more, unfortunately. However, if another motorist is at fault, it isn’t too bad.

On the other hand, if both drivers are to blame, it means that the situation is more likely to be serious, which usually results in a higher claim. This could also significantly impact costs.

How do I avoid my premium being affected?

You use an excellent car insurance comparison site, notoriously known for cheap quotes, of course. Good thing you’re on one right now, eh?

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