Car Insurance Excess?

Question

Had accident in my car yesterday. Got fully comp insurance. Accident was my fualt. Insurance Excess is £400. What Happens about getting my car fixed? If i claim on my insurance will i then have to pay out the excess agen?

Thanks!

Answer 1

If you have full coverage on your vehicle and the acxcident was your fault, and you want your vehicle fixed, then you will have to pay the excess amount. The insurance company will write a check minus the excess amount to whom fix your car

Answer 2

For auto insurance the best way to get a low quote is do a rate comparison on car policies. Make certain that you pick similar options with the same deductibles, auto type, zip code, etc so that all things are a good comparison.



What I always recommend is an online comparison quote at http://www.lowratetoday.com since they have big name insurers and will give several quotes on car insurance polices.

Answer 3

Yes,if the damage is worth more than £400.  If anything else other than your car was damaged in the accident, then you should go the your insurance company as they will also have to pay for that repair.

If it's just your car, take it to a garage and see if you can get it fixed for less than £400.  If you find it will cost more than £400 to fix, also take in to consideration the increase in you insurance over the next few years after losing your no claims bonus.  It might still be worth paying to have the car fixed yourself.

Answer 4

If you get your car professionally repaired, you'll have to pay them £400 and they'll claim the remainder from the insurer.

If you shop around, some repairers advertise that they will give you a cash-back deal if you choose to have them repair your car. Depending on the size of the job, this may reduce or even completely wipe-out the need to pay an excess.

Your insurer will try to persuade you (sometimes forcefully) to use their own approved repairer, but whoever it is certainly will not operate a cash-back scheme. Normally, you have the legal right to choose your own repairer and the insurer will then argue with the repairer over what needs to be done to return your car back to a pre-accident condition.

It is swings and roundabouts though: a cash-back repairer is normally going to cost your insurer more. The increased "loss" figure then has a greater affect on your future premiums with whichever insurer you renew your policy with.

When you get quotes from repairers they'll ask you whether the job is insurance or private. Ask for a quote for both telling them you have a high excess and are considering paying for the job yourself, the private quote is always lower. Even then the quotes are normally for labour only, if you can source most of the parts yourself then a private job becomes cheaper still but only if they're no more difficult to fit and finish than the manufacturers original parts.