Car insurance for drivers with accidents - Unfortunately if you have had an accident that was your fault, your premium is likely to increase for the next policy. In that situation you may have lost your no claims bonus, and most insurers will penalise you for this.
An accident where you are to blame is classed as a ‘fault’ accident. Your insurer will ask for an amount of money agreed on your policy before making any repairs, this is called an excess. The accident will then be noted on your policy.
In this situation you will probably lose 2 or more years of any no claims bonus that you may have built up.
An accident in which a third party is to blame is called a ‘non fault’ accident. In this situation, the third party’s insurer will pay your excesses, and your car should be repaired. You will not lose your no claims bonus. If there is a dispute over the blame of an accident, you may be required to initially pay your excesses. If this is resolved in your favour, your excess should be returned to you.
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