What is life like with your car? Let us know and win £500 in John Lewis vouchers | No thanks
'Cash for crash' accident - what effect on insurance?
Having been in a crash for cash accident my car is a write off. Although legally my fault, the insurance company is treating the vehicle I hit as a fraudulent claim.
As I own another car and insured with another insurance company, I no doubt I need to inform them. Will my premium increase on this vehicle due to this recent accident.
As I own another car and insured with another insurance company, I no doubt I need to inform them. Will my premium increase on this vehicle due to this recent accident.
Asked on 19 January 2012 by ThomT
Answered by
Honest John
Yes, everything will go up a lot until the claim is settled. Then it might go down a bit, but not to where it was before.
Tags:
insurance
legal issues
Similar questions
My daughter was involved in a minor supermarket car park incident three years ago. She denied responsibility at the time, which her insurers (Direct Line) seemed to accept, and the incident remained on...
I’ve bought a car through a salvage auction site. It's registered as a Category N write off, but upon inspection of the car at my local garage, the car has structural damage to the rear subframe and possibly...
I have a Ford Torneo that I bought in 2011. I have owned the vehicle for six years. When I bought the minibus, it had a V5 with two letters attached from the DVLA. The letters said their had been a discrepancy...