do i still needs to pay my insurance?

Question

i had a car accident last year,the car is write off,so i don't have the car now,but do i still needs to pay my insurance the monthly premiums?

Answer 1

Yes, because you don't actually pay your insurance monthly, you pay annually and have chosen to pay that premium over 12 months - so if you dont' pay it then your policy will lapse and the insurance company may not pay for your new car (assuming you are fully comp).

You may however be entitled to some money back on your policy as you've only needed it for part of the year. You'll have to get in touch with your insurers, but I'd keep paying it or they could try to recover any outstanding amount through the courts.

Answer 2

As Dan J and others have said, yes you need to keep paying. If you make a claim on an insurance policy, even if it is in the first month, you are obliged to pay the full annual fee. When the claim is settled the insurance company will take the outstanding amount for the policy from the settlement you are due. If you do not get a settlement (third party only and no other party to blame for example) you will have to keep paying the premium.

Answer 3

For the love of God! If you don't know the answer to a question don't just MAKE UP a reply based on what you think is right.

The first person who posted an answer is right. You DO have to keep paying your monthly instalments.

As he said, insurance is bought for a full YEAR you have just chosen to finance that year's payment in monthly payments. As you have now technically "used" the policy, you have to keep paying until it is paid in full.

Alternatively, you could follow the advice of some of the idiots above me and stop paying. If you do this, expect a call from a debt collection agency though!

Answer 4

No. You have nothing to insure, anymore, so the policy should have been canceled. If you have been paying premiums since the accident, you should be reimbursed back to the time of the accident.

Oh, I read the answer above me about paying over 12 months - the premium should still be prorated for the time you actually had the car and not more.

Answer 5

If your full premium has been paid, obviously you are no longer required to make monthly payments. If you have decided to pay for your insurance over a 12 month period then you will have to pay for the full year.

Answer 6

If the insurance company has paid out and you have handed over the V5 document then the matter is settled and the car now belongs to them. Stop paying

Answer 7

Phone the insurance company and tell them you want to cancel the policy. Most insurance companies will refund some of the money if you have paid in one go, then cancel, so they will probably not expect you to keep paying for it.

Answer 8

Hello,
My advice to you is to always do the obvious thing, ALWAYS pay your insurance premiums, you are contracted to pay a years insurance, and if you miss just one premium, your insurance provider has a get out clause to throw at you and you are down one car.
So you just remember, for whatever Insurance cover you pay for, it isn't worth a jot, if your MOT runs out, If your tax expires, or if you get a driving ban (no matter why.)if you drive your car, when any of these reasons concerns you or your car. the insurance has its get out clause, and they WILL USE IT. I know it sounds as though it is legalised Fraud, but that is exactly what it is. Right, so what can you do about it, read on......
You must still have all the details of your Insurance Cover for the Car that they wrote off, so first look at your insurance hand-book, or at the small print on your policy, and find out what it is you have to do now, then contact them on the telephone, unless they have an office in your locality, then ring for an appointment and keep to it. Bring with you any and ALL proof that the car was LEGAL, on the road at the time of the accident and that your premiums were up to date. satisfy this criterior and you are then on your way to being told that you need not make any more payments, to get this in writing you will need to hand over the Cars documentation. all of it, the MOT the V5 registration document, what ever insurance policy document you are in possession of, they must give you a legal reciept for your documents, and now you're cookin', but remember, you are going to have to keep on at them, and it can take a little time, insist on talking to a supervisor, and don't take any no's for an answer, after all, they are in business to make money, and make it they will, straight out of you, so go at 'em and don't stop, if at the end of it all, your policy year runs out, they will have the temerity, to send you a quote for that same crashed car for the next years cover. make them understand in writing that you no longer have the car, they know you don't, and keep copies of every letter and phone call you make to them, and treat them like you would a common thief, make a genuine list of all expenses concerning your claim, you are entitled to refunds. ' Don't let them get away with it'.
This happened to me, when a car hit me on an Asda carpark, and my Honda was written off by them, and my phone bill soared, so quote all your out of pocket expenses, I made them pay me everything they owed me under the threat of prosecution, they settled generously 4 days later,and this after chasing them for 4 months. good luck to you sir, and just one more point, BE POLITE, and DON'T lose your rag with them, they really will try your patience and your nerves, but, it should all come clean for you, and any over payments of premiums will be refunded........................Tony M

Answer 9

If the insurance company have paid you out on the claim for your vehicle then NO you shouldnt be paying any more insurance. Why dont you give your insurance company a ring explain to them and see what they say.

Answer 10

If the car was a write-off and you received a settlement, it now belongs to your insurance company and is no longer your responsibility. You only need to pay insurance for a vehicle you use - as it isn't yours any more, there is no need for you to be insured.