Question: Why Do I Have To Pay The Excess If Not My Fault?

Do I lose my no claims if not my fault?

If you make a claim on your insurance and your insurance provider pays out, your no claims discount is typically reduced by two years.

If the accident wasn’t your fault, your insurance provider will try to recover the costs from the driver who was at fault.

In which case, your NCD should be unaffected..

How many years no claims do I lose after an accident?

Even if you do have to claim for an accident that was your fault, you could still keep some of your NCB. If you make one claim during your insurance period, you’ll lose two years of the Bonus. So, if you have five or more years NCB, it will reduce to three years at renewal.

How do I get the most money from a car accident?

How to Get the Most Money From a Car AccidentRemain at the Scene of the Accident. … Gather Information at the Scene. … Obtain Witness Information. … Seek Medical Treatment. … Report the Accident to Your Insurance Carrier. … Keep All of Your Bills. … Keep a Record of Your Injuries and Recovery. … Keep Going to Your Doctor.More items…•

Do I need to inform DVLA if my car is written off?

You must tell DVLA if your vehicle has been written off and scrapped by your insurance company. … your vehicle registration number. the 11 digit reference number from the yellow ‘sell, transfer or part-exchange your vehicle to the motor trade’ section of the log book (V5C)

How does excess work on car insurance?

If you need to make a claim on your car insurance, the excess is the amount you agree to pay towards the claim. It’s made up of two parts – compulsory and voluntary. You only pay the excess for your losses and when you’re at fault. For example, if you’re responsible for an accident and damage your car.

Can you claim breakdown on car insurance?

Auto insurance may cover comprehensive and collision breakdowns. However, there are still other breakdowns that it likely won’t cover. Mechanical breakdowns can result from the normal wear and tear of your vehicle. … Auto insurance policies generally won’t cover these standard repairs.

What happens if my car is written off and its not my fault?

When you have an accident that is not your fault, you have the right to claim your losses back from the at fault party. This is covered under tort law. When you have a tort made against you, it means that your are the injured party.

Why do insurance companies have excess?

The main reason why insurers apply an excess is so they can eliminate most of, or if not all, of the minor or small claims. The cost to the insurer for the dealing with minor or small claims would only cover the administration charges therefore, they add an excess to the policy to avoid such minor claims.

Is driving without insurance illegal in NZ?

It’s not compulsory to insure your car in New Zealand.

What does excess mean on car insurance?

What is car insurance excess? Car insurance excess is the amount you’ll have to pay towards a claim you make on your insurance. … For example, if you have a compulsory excess of £250 and a voluntary excess of £150, you’ll have to pay £400 towards the cost of any claim you make.

What do you do when someone crashes into you?

What to do after a car accidentStop the car – failing to do so is an offence.Switch off the engine and turn on the hazard lights.Check for any injuries to yourself or passengers. … Call the police – 999 or 101 depending on the situation.Give your details to anyone else involved.More items…

What should you not say after an accident?

Never Say You’re Sorry. After a car accident, you should eliminate the word “sorry” from your vocabulary. … While it may be a tough habit to break, it’s important you avoid it at all costs at the scene of an accident. Even saying that your sorry to someone who wasn’t involved in the accident can be misconstrued.

Can I sue someone for totaling my car?

You can sue, but the most you can get is the value of the car immediately before the accident. … Your opinion may be that the car has much more value to you. If you can’t agree on the price, that is what the court system is for. If you were injured, you may be able to make up for the difference with your injury claim.

How is NCB calculated?

Usually, third-party liability insurance premium accounts for up to 20% of the total premium amount. So, the earned NCB percentage will be calculated on the total premium minus the third-party liability premium.

Is it worth paying for no claims discount protection?

It depends on your personal situation whether it’s worth protecting your no claims discount. If you have five years’ no claims discount, it will significantly cut the cost of your car insurance. You could lose all that for just one accident. … You’ll continue to pay less on your premium even if you have an accident.

How do I protect my assets after a car accident?

Title every car in the driver’s name only. This is the easiest thing you can do to protect your assets, and it applies almost across the board. … Get umbrella liability coverage. … Strategically title your assets.

How much excess should I have on car insurance?

When making a claim you will have to pay the compulsory excess. Anything above this amount is your choice. Most insurers will have a maximum amount for voluntary excess which is usually between £300 and £1,000. But again, the high excess may reduce premiums, but it puts the cost of any repairs back into your pocket.

Does a written off car cost more to insure?

If your vehicle is written off, and it’s a cat B, N or S, you have first refusal to buy it back from your insurer. How much you’ll pay varies but it’s usually between 10 and 30% of the market value of your car. You won’t be able to keep, buy back or insure category A cars.

Do I have to pay the excess if it is not my fault?

Generally speaking, you always need to pay the excess when you make an insurance claim (even if you’re not at fault), but insurers usually agree to waive the excess under specific circumstance.

Do you have to pay excess if accident not your fault NZ?

NOT MY FAULT “One common cause of frustration is when people are not at fault in a car accident, but still have to pay an excess,” Stevens says. “If the other driver at fault is insured, and their insurer accepts they were at fault, the excess may be refunded and the no-claims bonus reinstated.

Do you pay excess if not your fault NRMA?

Most policies require that you pay an excess unless the cost of the excess can be recouped from the other driver who caused the accident. So basically if it wasn’t your fault and you got the driver who was at fault’s details. Other instances where you will need to pay the excess: … You were the at-fault driver.