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6 penalty points query

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  • 18-06-2018 6:08pm
    #1
    adamh765
    Registered Users Posts: 5 ✭


    Hi,

    I mistakenly told my car insurance company that I had 4 penalty points, when I actually had 6.
    I now intend on informing them of my mistake but I am afraid they might cancel my policy for fraud, is this likely?
    Also, my premium was 900, how much of a price increase should I be expecting if my policy is not cancelled?

    Thanks in advance,
    Adam


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    #2
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,720 Mod ✭✭✭✭Henry Ford III


    Nobody knows what the insurers reaction might be.

    p.s. Having said that it's much much better for you to contact them than the other way around.


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    #3
    judeboy101
    Banned (with Prison Access) Posts: 3,246 ✭✭✭judeboy101


    Will they ever find out, what with GDPR and all that.


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    #4
    whomitconcerns
    Registered Users Posts: 4,367 ✭✭✭whomitconcerns


    judeboy101 wrote: »
    Will they ever find out, what with GDPR and all that.
    Erm yes.,gdpr does not apply here


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    #5
    Fann Linn
    Registered Users Posts: 7,800 ✭✭✭Fann Linn


    Just punch 6 penalty points into 123 or chill to get a rough idea of what your new quote will be.


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    #6
    Cows Go µ
    Registered Users Posts: 902 ✭✭✭Cows Go µ


    It depends, if they accept 6 points at inception then they will likely just charge an additional premium but if they don't accept 6 points then they might go further


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    #7
    Peregrinus
    Registered Users Posts: 26,511 ✭✭✭✭Peregrinus


    adamh765 wrote: »
    Hi,

    I mistakenly told my car insurance company that I had 4 penalty points, when I actually had 6.
    I now intend on informing them of my mistake but I am afraid they might cancel my policy for fraud, is this likely?
    It's much more likely if you don't correct the record, but they find out through other mechanisms.

    Plus, if they are going to cancel your policy, you want this to happen before you have a claim. The worst case scenario is that an accdident happens, a claim is put in against you, the insurers investigate your situation, find out your mis-statement, and cancel your policy.

    Tell them immediately, in writing. Keep a copy. If they do seek to assess you to a higher premium (or if they cancel your policy, which I kind of doubt they will) you can go and look for quotes elsewhere.


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    #8
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,720 Mod ✭✭✭✭Henry Ford III


    judeboy101 wrote: »
    Will they ever find out, what with GDPR and all that.

    Doesn't matter.

    The duty rests with the insured to make a full disclosure, or face the consequences, which are potentially quite nasty.


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    #9
    thebiglad
    Registered Users Posts: 1,632 ✭✭✭thebiglad


    I would have thought whether 4 or 6 points it relates to 2 offences which you have presumably declared both of anyhow. Probably won't impact and you absolutely have to let them know.

    Many insurers check licence details against the official database at either inception or renewal now so opportunities to inform them wrong are becoming less.


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    #10
    adamh765
    Registered Users Posts: 5 ✭adamh765


    I informed them of my mistake, they were happy I corrected the policy and charged me an extra 198 euro, which is a lot better than I was expecting! Moral of the story just declare penalty points!


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    #11
    L1011
    Registered Users Posts: 69,012 ✭✭✭✭L1011


    198 on what original policy cost?

    I had 6 for a few weeks that unfortunately included a renewal. As far as I could tell it cost me about 50 quid versus 0, 4 being basically the same as 0. This was on a 600 quid fully comp policy

    All gone now and I've had no reduction due to the general increases and no difference from 6 years NCB to 11 years


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