New Idea for Insurance

[Ziggy122]

What the Goverment Do need todo is Static ANPR cameras Around - or even build them into current Speed camera/ red light camera's


If your uninsured - and you drive past
You'll have a letter on your front door in a few days, and in that time, you have say 7days to prove car was insured, and if you dont - the lovely DVLA turn up with a Wagon and take your car away

I think same should happen for road tax, and MOT

IF you own a car - its upto you to know who's driving it
And that they are fully covered to drive the car

like when people buy a new car - they dont get insurance for it straight away

So what - your not insured - so Get the insurance before you buy the car etc etc

I do think it'd help alot with bringing costs down

Ziggy

 

[Radlet6]

Personally I believe that insurance is one of the purest forms of socialism and has nothing to do with risk to the insurance company.

Experience has shown me that very soon we will be told by the insurance companies that our premiums will be going up because of the number of claims caused by the bad weather. In this scenario who exactly is bearing the risk? Certainly not the insurance companies.

This is how my cynical mind thinks it works. They look at how much they have paid out the previous year, and add on a percentage for profit, shareholder bungs, and directors' bonuses. They then take this total cost and share it out across the motorists in the form of premiums based on car driven, age of driver and driving record.

Regardless of economic climate, natural or man made disaster, when have you ever known an insurance company to make a loss?

 

[Stu DemonD]

Regardless of economic climate, natural or man made disaster, when have you ever known an insurance company to make a loss?

There are a few I can think of - Quinn, Hiscox, etc...

 

[Percyhahn]

FYB My first insurance policy back in 1983 at age 18 was on a 1975 MK2 1100 Escort bought from the local auctions for £520. Cost for a TPF&T .....(NOTE TPF&T) policy in my own name at the time was £515.

Now lets do the sums.....£515 back in 1983 would, according to the various inflation calculators that abound on the net be worth a little over £1300 today and similar to the price you would expect to pay for a decent used Punto tomorrow.

You claim we dont understand??? HA! dont make me laff sonny Even back then it cost as much to insure your first car as it did to buy it.

ok i didnt know that,i just hear my parents say it was easier back in 'the day' and assumed that would be on everything, my mistake.

I saved hard & bought a new car - £6000 . Insurance on that was £2500 fully comp -- and that was with 3 years' no claims bonus plus IAM membership - 41 x my weekly pay
There is little or no age banding on the pay these days. My eldest has just got insurance for just over £2k and that equates to 5 x his weekly pay.

You are correct, how can us oldies possibly comprehend how hard it must be for you younger drivers when your insurance is paid off in just over a month whereas mine took 10 months.
I really don't know how you guys manage it. I had to put myself forward for every scrap of overtime going to keep the wolf from the door.

Cross posted with sledge - I am talking about 1982

only thing i would disagree with you is that you find me a young driver aged 20 and under,who can pay tha mahoosive insurance costs with 5 weeks pay, i am lucky and have an income, though most of my months earnings go on car payments fuel and insurance. but an average 6th former or uni student who doesnt have an income, i cant see them paying off their large insurance costs with 5 weeks pay worth.

 

[Eklipze3k]

If you can't afford it, don't do it, it's as simple as that. I didn't take my test until I was 26 because prior to that I couldn't afford to buy, insure, tax, fuel and maintain a vehicle of my own so relied on public transport or friends/family until I could afford to sustain a vehicle, and even now I still find myself struggling with the maintenance side of things, though that's more due to laziness

 

[Radlet6]

But isn't that just re-enforcing the Dickensian policies of our government (current and previous)? "Sorry that fuel tax/insurance tax/road tax is going up, but then if you can't afford it there's always public transport."

Who does this effect the most, the lawyer in his new 7 Series Beemer, or his single mother secretary in her 10 yr old Fiesta struggling to get to work whilst dropping the kids off at school on the way?

 

[Stu DemonD]

Who does this effect the most, the lawyer in his new 7 Series Beemer, or his single mother secretary in her 10 yr old Fiesta struggling to get to work whilst dropping the kids off at school on the way?

He would probably be banging her anyway

 

[Radlet6]

Probably his kid too

Actually on second thoughts he can't be - she would have a new Fiat 500 as a company motor.

 

[udtrev]

He's her personal injury solicitor, he brought the beemer out of his fee, she had enough left of her claim to make a deposit on the fiesta !