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Old 05-10-2007   #1
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The Proposed New Insurance System

I'll apologise if this has been posted before but if you get an awful lot of responses on this site if you type in insurance and hit search.
Has anyone heard anymore on the apparent new system of insurance?
The current system is worked out something like, cost of repair, like a bonnet, headlamp wing and bumper added up and the 0-60 time of the car. (if this is not entirely accurate fax someone who gives a crap or post a correction).
Anyway new system or the proposed new system is attempting to factor in the fact that while diesels have a slower 0-60 time than an equivalent displacement petrol car their in-gear times are far superior and apparently could get drivers into to trouble as easily as 0-60 speed. So TDi drivers pay more.
Also car weight is to be factored in. For example a land rover discovery at 2.7tonnes is unlikely to be written off in a collision with anything less than a LGV but is very likely to write off anything it hits which the insurance company will have to replace therefore heavy car drivers pay more.
The insurance groups now 1-20 would run 1-100.
Anyone heard anything?
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Old 05-10-2007   #2
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Re: The Proposed New Insurance System

If I wanted information on vehicle insurance groups or any propsed changes to the present system I would contact Thatcham and the ABI and ask them the question, they are the people who make the rules.

www.thatcham.org
www.abi.org.uk
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Last edited by sledge; 05-10-2007 at 05:48.
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Old 05-10-2007   #3
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Re: The Proposed New Insurance System

i'll get this moved to the insurance section
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