Insurance

[B ROWDY]

Just having a think, if my car is a "write off" how will it affect my insurance in the future, will my premium go up? Will they cancel my insurance for good?

[solitaire]

If you are perceived as a higher risk the premiums will go up OR they will refuse to insure you... depends on the particulars of your crash really

[Leon]

Your no claim bonus will probably vanish.

They may elect to decline insurance cover for you on your next vehicle.

So yes, it will very likely cost you more money to get insurance, unless your write off was somebody else's fault, and that can be proved, and the person who's fault it is can pay.

[B ROWDY]

Hmm, well I was the only one that crashed, and if its a write off it will be because the car is quite rare and parts are expensive and hard to come by, also the paint job is expensive since it was a custom made HOK job, not so much for my poor driving since I wasnt speeding and didnt hit anyone else etc

[Silent Knight]

Insurance companies don't care... if it's write off and you were driver and it's no one else's fault then in their eyes it MUST be your fault as someone has to be to blame.

Therefore your premium will go up, NCB will be lost and/or insurance will be refused in future.

[B ROWDY]

Jesus, what wankers

Oh well I know it was a genuine fark up on my behalf and I wasnt doing anything stupid or illegal so if they wanna make me feel stink then go hardies State

[solitaire]

Yep, Nessasary evil unfortunately...

[B ROWDY]

ok, if its not written off how will it affect me?

(Yes Im blonde and an accident virgin lol)

[solitaire]

you loose the no claims, fairly similiar probably... a crash is a crash to them... its all about the numbers

they aim to charge you more than you will cost them in claims... so if you are more likely to crash they will charge you more to compensate...

it does pay off though when you hit some $40,000 monstrocity

[B ROWDY]

Lucky for me ditches are free!!

[Flunk]

Just having a think, if my car is a "write off" how will it affect my insurance in the future, will my premium go up? Will they cancel my insurance for good?

i would imagine it will definately go up...

They may or may not continue to insure you, would depend on a few things, like your age, the curcamstances ( no i cant spell ) surrounding the write off ( like if it was your fault, or someone elses ) etc. etc.

[B ROWDY]

Hmm, and my excess is $1000, and Im 27, its a 1500cc car, so why is it so high? Maybe I need to have a chat to them about this

[solitaire]

ever had any accidents? speeding tickets

[B ROWDY]

1 ticket in my 12 years of driving, and no other accidents

[Dell'Orto]

You're being shafted if your excess is that high. I'd go find another insurance company anyway.

[B ROWDY]

Damn too late now me thinks, Im gonna ring em in a minute and see why its so high

[Leon]

That's very high, unless you've deliberately opted for a higher excess to bring the cost of your premiums down.

Some cars have a high "malicious damage" excess, such as WRX's, and convertibles.

[B ROWDY]

Hmm 1500 Sera? dont think its special enough to have that lol

[Distrb]

At an educated guess, I'd say you've got an imposed excess due to the increased 'risk' that is posed by any modifications you've done to the vehicle. You've said custom paintwork , stereo and wheels etc? those things will force an insurer to do something like that. As Leon said, an upside is lower premiums..

[B ROWDY]

Custom paint, stereo is worth less than the $1500 cut off they have and its got standard 14"s on it