Insurance for cars news
08/09/2009
Motorists avoid making accident claims
A large proportion of motorists - about 38% - decide to not claim on their car insurance because they are afraid of losing their no claims bonus and pushing up the cost of premiums at renewal time.
New research has revealed that vehicle owners aged over 55 are more likely to claim on motor cover, especially if the cost of a smash is higher than the excess level.
It is young drivers who tend to avoid claiming with two thirds of people in this age group failing to make claims after accidents; most are trying to keep down the cost of premiums and do not want to risk a substantial increase when being young tends to incur sizeable premiums in any event.
Duck2water believes motorists should not be deterred from making claims just to protect no claims bonuses.
A spokesman for the car insurance firm said, "A protected no claims bonus ensures people need not pay more for new quotes at renewal time. But even if your bonus is affected by an accident, it is possible to shop around for better priced policies."