But if the garages, car parts and car rental places are all charging more due to inflation then the cost of repairs will have increased, so they'll take the opportunity to crank up the prices and you have to have insurance, so you got to pay the £££.
A mate has just had his car written off after a no fault accident and the insurance company wrote it off immediately after only reviewing a few pics he sent them, the car was about 12 years old but given the recent increase in used car prices it was still worth about £3K and the damage didn't look that bad.
Anyway he thought about buying the car back and getting it repaired thinking it would only cost about £500 to fix, the repair centre which was a reputable insurance approved place said it would cost around £4K to repair and there was a 3-4 month wait to get it fixed.
They then said insurance companies are writing cars off at the drop of a hat or if the repair is more than around 60% of the cars value.
Doesn't make sense on the face of it as they appear to be losing money by doing so however they then said that once you factor in the insurance having to pay a hire car for 3 or 4 months it's cheaper to write the car off.
The end effect is that used cars are then in even shorter supply which keeps the price of old cars higher for longer
He was told that being a No fault claim it wouldn't increase his premium when he needed to insure again but he's now waiting to see whether that's actually the case once he finds another car, you just know they will claw the money back somehow over the next 5 years
