Car insurance: To claim or not to claim

Monday, 27 November 2006

Making a claim on your car insurance is a judgement call where many choose to undertake the repair work themselves, according to new research.

One insurance firm has found that it is impossible to guess how many motorists try to avoid losing their no-claims bonuses by undertaking repair work themselves.

David Ross, spokesperson for an insurance firm, said: "What people look at is how much is it going to cost to repair the car versus how much my premium will go up if I claim."

He said it makes sense for owners to claim on their cheap car insurance policy if the damage is large-scale.

Mr Ross explained: "If someone climbs over your car and causes you to have to get a new body shell and paint job that costs £4,500 and your premiums are £250 to £300 then it makes financial sense to submit a claim."

But if someone has taken off your wing-mirror and it is £5 to replace then he advises not claiming.

Car insurance quote - Get a quote in under 60 seconds

© Adfero Ltd

News Home

Swiftcover and are both trading names of AXA Insurance UK plc, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority