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Frequent Contributor
Posts: 114
Registered: ‎26-07-2016

Does Motor Insurance Premium go up in case of large claim

Will my motor insurance premium go up, if I have a large claim next year?

1 REPLY 1
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Occasional Contributor
Posts: 13
Registered: ‎21-09-2017

Re: Does Motor Insurance Premium go up in case of large claim

The change in premium rate does not depend upon on claim. 

If you have claimed one year then you wont get no claim bonus next year, or sometimes there is loading on premium depending how risky it is to cover the vehicle.