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Experiences - Insurance increase after claim?

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  • 11-01-2017 6:38pm
    #1
    comerla
    Registered Users Posts: 230 ✭✭


    Hi,

    I was in a small accident recently and the other party's bumper will need to be replaced. It was my fault and I was going to settle privately originally but after getting some advice on this forum decided to go through my insurer.

    I have the option of paying in full for the cost of repairs (1270 euro) before the premium comes up for renewal in August, and it will be considered that a claim was not made on the policy. Would appreciate any experience or guidance as to whether this is the best option to take.

    I had step back so looking at my NCB (6 years at 60% - 690 euro NCB), looks like this would set me back 300 euro per year on the NCB if I drop down to 3 years at 40%.

    However - presumably I would now be tagged as higher risk.

    Anyone any idea whether I would now be looking at crazy premiums if I don't settle this in full?


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