Will a Non-fault Accident Affect My Insurance? | GVE London – Blog

A non-fault accident, as the name might lead you to believe, occurs when an accident happens due to no fault of your own. So, that should mean it shouldn’t, on any level, affect your insurance, right? Well, there are some nuances to this. The answer isn’t as straightforward as yes or no. In this blog post, we’ll go over this topic and find out everything there is to know about it.

What is a Non-fault Accident?

Let’s start by talking about what a non-fault accident stands for, and let’s do so with the help of an example. Say you’re sitting in your car at a red light, waiting patiently for the colours to change. All of a sudden, someone rear-ends you. An accident just occurred. You’re not at fault here; you were completely in the right. In this case, the driver who is at fault, their insurance company will cover all the repair costs and associated expenses. This system exists so that drivers who weren’t at fault during an accident ought not to bear the costs of someone else’s mistakes. For someone with a luxury or supercar, this becomes even more crucial, as these high-end cars naturally cost more to fix, and only an Authorized Repair Center or a Supercar Bodyshop has the tools and knowledge to truly get these cars back on the road in top condition.

Will It Affect Your Insurance Premiums?

Alright, let’s address the elephant in the room now. The short answer is, unfortunately, even though you were not at fault, your insurance premium can potentially increase. Insurance companies take into consideration various factors when calculating premiums, including accident history. Whilst a non-fault accident isn’t your fault, it does fall under the accident category. This happens because insurers believe you are statistically more likely to be involved in future accidents, even if the current one was not your fault. With that said, the amount of impact it makes varies from one insurance company to another. Some insurers may not increase your premium at all in non-fault cases, especially if the claim gets settled quickly.

Why Non-fault Accidents Still Impact Insurance

Primarily speaking, the following three factors influence one’s insurance:

1. Your insurer would have to deal with administrative costs. Even though they might cover the expenses for your car’s repairs, they need to recover this money from the at-fault party’s insurer.
2. Insurance companies rely massively on available data, and unfortunately, an accident counts as an accident, whether at fault or not. During risk assessment, this becomes a major issue.
3. Frequency also matters. If an individual makes several claims, even for non-fault incidents, it puts them on a higher-risk level list.

Read Also: Finding the Best Repair Centre for Non-Fault Accident Claims

What Can You Do?

The very first step is reporting the incident with as much information as possible. Photographic, videographic, or audio recordings, as well as eyewitness reports—everything helps. Accurate reporting assists your insurer in recovering costs efficiently, minimising the chance of a premium increase. Secondly, opt for no-claims bonus (NCB) protection, as this will protect your bonus even if you make a claim for a non-fault accident. Lastly, if the insurance company still raises your premiums, remember there are plenty of options out there. If you own a high-end vehicle, a supercar bodyshop, like GVE London, can make recommendations, as some insurers specialise in covering high-performance vehicles like supercars and may offer competitive rates.

Conclusion

Remember, there are plenty of insurance companies out there. If the policies of a specific insurer do not sit well with you, consider replacing them with another. Insurance matters, especially if you drive a supercar. Your choice of repair centre can significantly impact your post-accident experience. Always opt for a reputable supercar repair center, like GVE London, that can help restore your car to its original condition using manufacturer-approved techniques and parts to maintain quality and value. If your luxury car is in need of detailing, service, or any form of modifications, visit GVE London, London’s finest supercar service centre.