Hi - I had a car accident a few years ago. It was my fault, and the other party claimed against my insurance. The insurance complany dealt with all of it. I received notification last week that the claim has finally been settled, and they provided details of the total amount of settlement (claim, fees, solicitors, etc). It was much larger than expected, but at least now the claim has been settled and I can move on.
My question is this - what impact, if any, will this have on my premiun when its up for renewal in a few months time? (my premium increased substantailly back when the accident happened).
Has anyone had experience of this, any advice?
I tried asking my insurer, but they were giving nothing away. Should I prepare myself for a big shock?