After getting into an accident, you may be wondering what route is best to go down in order to get the compensation you deserve. We’re here to break down both accidental management companies and insurance companies so that you can make an informed choice on which option is best for you.
After being involved in a motor vehicle accident, your first instinct will probably be to contact your insurance and make a claim, without first exploring alternative options.
Most claims through insurance involve a lengthy and tedious process. This, along with the cost attached, makes people hesitant to make a claim, even when they are in the right. Here are the main things to think about when considering your options.
Claiming on your insurance can lead to increased premiums as well as increasing your excess, meaning some see claiming on insurance as more hassle than what it’s worth. The Association of British Insurers states that the amount you can save from not claiming on insurance ranges from 30% for one claim-free year and 60% for five claim-free years. This means drivers benefit financially in the long run from not using their insurance.
Going through an Accident management company, like Claimsline, instead of your insurance saves you on average £537.00*. This is through saving on excess fees. Accident management companies also have no fees for becoming a member, so there are no hidden costs involved.
When wanting to claim on your car insurance, it is important to weigh up the financial costs of the incident and what the insurance would be covering. These financial costs could include accidental damage, theft, and vandalism for both your vehicle and any others involved in the incident. You should also consider any legal fees related to the incident that need to be accounted for.
When you have accounted for all of these estimated costs, you will have a better understanding of if claiming on insurance is something you benefit from. This is worth looking at, as sometimes the increased cost of your premium would override the amount it would cost to pay for the incident out of pocket. You may find that bigger claims are worth following through with, whereas claims for smaller accidents would not be financially viable. If you have been involved in a minor incident, getting in touch with an accident management company can be a better alternative.
Many drivers often prefer their insurance company over an Accident Management Company due to the established trust and familiarity they have developed. In a lot of cases, the driver has previously researched and chosen an insurance company that aligns with their wants and values, so in turn they have already established a relationship with them. This could be the case even if they have never actually needed to make a claim through their insurance before. In comparison, accident management companies can seem alien to a customer who has not used one before, especially with the uncertainty of knowing how to find a trusted accident management company to handle their claim. This can result in drivers reverting to their familiar insurance company, without first exploring other options which could deal with their claim in a simpler and more cost-effective manner. Claimsline is an established and trustworthy accident management company, rated excellent on Trustpilot with over 700 reviews.
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Using an accident management company can save you time and hassle by handling administrative tasks, arranging repairs, and providing support throughout the claims process. This can be a big deciding factor for some drivers who don’t have the time or knowledge to speak with third parties themselves. Accident management companies may have expertise in handling accident claims and can provide support and guidance throughout the process.
Insurance companies can be more convenient for those who have already claimed for similar incidents in the past. The long-term relationships that drivers have with their car insurance providers mean that there is an existing familiarity with how the claiming process is carried out. Drivers might find that their insurance company is great and convenient at handling simple claims, but may want to enquire with an accident management company for more complex scenarios, as they specialise solely in managing the aftermath of accidents.
Claimsline is free to sign up to and is an established accident management company trusted by over 18,000 motorists. Unlike most insurance companies, Claimsline’s number 1 value is the time and well-being of members.
After an accident, members can call Claimsline and speak with one of our professionals in under 3 minutes. From there, your personal claims manager will ensure everything is dealt with for you, and that you get the compensation you deserve.
Claimsline members pay no excess for accidents that aren’t their fault. If our member is found to be at fault for an accident, we pay £150 towards the excess. This makes Claimsline a no-brainer first point of call for any motor vehicle accident.
Been involved in an accident and are still unsure of what your next step should be? Fill out an online form detailing your claim, and a member of our team will be in touch to advise.