What would happen if we insured vehicles rather than people
Discussion
Pinched from another thread that was getting too long
It would also mean that when wifey took hubby's company car for a quick trip down to the shops, the car would be insured.
Where would the winners and losers be on premiums?
Hackney said:
Replace road fund licence with insurance disk. Job done.
That would mean insuring cars rather than people and the ANPR machine should know if a car was insured It would also mean that when wifey took hubby's company car for a quick trip down to the shops, the car would be insured.
Where would the winners and losers be on premiums?
Here in Malaysia insurance is tabuler based not acctuary, the only two things that effect the premium cost are, the cc of the car and the agreed value, so my wifes 2.5 944 main driver been driving for 4 years is the same as my 2.4 Nissan main driver been driving 30 years.
Then you get no claims of that premium, all companies use the same table, and if you take fully comp, then any driver is covered 3rd party, you need to show insurance for the annual road tax, so if a car is taxed, it is insured, eay check on the tax disk for the police at the road side.
Then to add a named driver and make him fully comp is 2 pounds, so two of my mates are named in case I have a problem and thye drive my cars.
The 2 pound is regardless of age, etc, so my 19 year ols son is named on MY 900 ZXR ( in case he drops it in the car park I wont let him on the street, as realisticly the risk if a serious accident to him is to great).
Any way perhaps to much detail, but just to show first hand that this works, claims are meet, insurance comapnies lobby government to increase premiums, it is simple, and the insurance companies do not make huge profits, but they all survive and all the big names are in the market so the returns cant be that bad.
Then you get no claims of that premium, all companies use the same table, and if you take fully comp, then any driver is covered 3rd party, you need to show insurance for the annual road tax, so if a car is taxed, it is insured, eay check on the tax disk for the police at the road side.
Then to add a named driver and make him fully comp is 2 pounds, so two of my mates are named in case I have a problem and thye drive my cars.
The 2 pound is regardless of age, etc, so my 19 year ols son is named on MY 900 ZXR ( in case he drops it in the car park I wont let him on the street, as realisticly the risk if a serious accident to him is to great).
Any way perhaps to much detail, but just to show first hand that this works, claims are meet, insurance comapnies lobby government to increase premiums, it is simple, and the insurance companies do not make huge profits, but they all survive and all the big names are in the market so the returns cant be that bad.
Works well in Bulgaria too, compulsory third party insurance, holographic sticker in the windscreen, and a credit card sized certificate which the driver must carry to prove he has permission. No sticker or card and it's a 200 quid fine, and the car's impounded until you pay up and produce them.
It's down to the owner of the car to make sure the driver's not a d
head.
It's down to the owner of the car to make sure the driver's not a d
head.The only change that is going to make premiums cheaper is one that reduces costs to insurance companies, such as limiting the payouts in injuries or not making insurance companies pay for the damage to the road infrastructure. You might change the way it is spread out, some people may pay more and others will pay less, but the overall cost wouldn't fall.
Here in Switzerland, the car is insured rather than the car/driver combination. You do have to state who will drive the car for the majority of the time though. That said, anyone with a valid licence can drive with permission.
There's also another good trick. Your plaques (registration plates) are not linked to the car like in the UK. The plaques are issued to you ONLY when the SAN (think of SAN as a competent DVLA) gets notification from your insurers that the insurance premium is paid and is valid. No insurance = no plaques = very easy to spot uninsured cars.
There's also another good trick. Your plaques (registration plates) are not linked to the car like in the UK. The plaques are issued to you ONLY when the SAN (think of SAN as a competent DVLA) gets notification from your insurers that the insurance premium is paid and is valid. No insurance = no plaques = very easy to spot uninsured cars.
DSM2 said:
mark1970 said:
Doesn't Germany run a system like that?
And some parts of Canada. And run by the state. Seems to work Ok there.There is a similar correlation with "insure the vehicle/plate" countries where this lowers the price barrier to entry. So you have less uninsured driving but more road deaths.
Vehicle based insurance means higher premiums for lower risk drivers, i.e. most of us. WHilst AVERAGE premiums may be higher in the UK, we have the greatest spread from high to low, and in many cases, our low premiums are far lower than the lowest in other "lower average" countries. If that makes sense !
Also, there is a myth that "insuring the vehicle" is universal elsewhere. The UK has a far more mature and complex motor insurance market (we invented insurance after all) than many EU countries. And Canada is hardly a shining example of modern practice, it wasn't that long ago that Royal had a large vault with shoe boxes holding people's post dated cheques for the monthly payments !
France, for example, has introduced a discount for "conducteur seule" - that is not allowing anyone else to drive but named drivers. Rather like here.
Bear in mind that, thanks to the RTA, your insurance DOES indemnify anyone driving your car. It is just that the insurer can then come after them/you for the money it has had to pay.
So yes, you could easily have a windows disc (although some parts of the UK already do). But you may not like the consequences
Anyone who thinks it is an easy fix should bear in mind Darwin's words...Ignorance more frequently begets confidence than does knowledge.
Edited by Noger on Thursday 10th February 08:26
Roop said:
Here in Switzerland, the car is insured rather than the car/driver combination. You do have to state who will drive the car for the majority of the time though. That said, anyone with a valid licence can drive with permission.
There's also another good trick. Your plaques (registration plates) are not linked to the car like in the UK. The plaques are issued to you ONLY when the SAN (think of SAN as a competent DVLA) gets notification from your insurers that the insurance premium is paid and is valid. No insurance = no plaques = very easy to spot uninsured cars.
Yes, similar system in Germany. "Your" plates. So if you sell someone your car you are insuring them until they go and do the swap, as it is on your plates.There's also another good trick. Your plaques (registration plates) are not linked to the car like in the UK. The plaques are issued to you ONLY when the SAN (think of SAN as a competent DVLA) gets notification from your insurers that the insurance premium is paid and is valid. No insurance = no plaques = very easy to spot uninsured cars.
I love Swiss insurance, almost as expensive as the UK
saaby93 said:
Where would the winners and losers be on premiums?
Assuming that the total national cost of insurance remains the same then the current method of loading premiums due to the driver risk would go so:Young drivers,
Drivers with drink driving/dangerous driving convictions,
Drivers with multiple previous claims
would see reduced premiums and:
Experienced drivers,
Drivers with multiple years without claims
would see increased premiums.
An experienced driver with 20 years of claim free driving would pay significantly more to insure, say, a Porsche 911.
A 21 year old with a previous conviction for drink driving and multiple claims would pay significantly less to insure, say, a Vauxhall Corsa.
Noger said:
Roop said:
Here in Switzerland, the car is insured rather than the car/driver combination. You do have to state who will drive the car for the majority of the time though. That said, anyone with a valid licence can drive with permission.
There's also another good trick. Your plaques (registration plates) are not linked to the car like in the UK. The plaques are issued to you ONLY when the SAN (think of SAN as a competent DVLA) gets notification from your insurers that the insurance premium is paid and is valid. No insurance = no plaques = very easy to spot uninsured cars.
Yes, similar system in Germany. "Your" plates. So if you sell someone your car you are insuring them until they go and do the swap, as it is on your plates.There's also another good trick. Your plaques (registration plates) are not linked to the car like in the UK. The plaques are issued to you ONLY when the SAN (think of SAN as a competent DVLA) gets notification from your insurers that the insurance premium is paid and is valid. No insurance = no plaques = very easy to spot uninsured cars.
I love Swiss insurance, almost as expensive as the UK
My car insurance (same car) tripled when I moved here. :|Gassing Station | Speed, Plod & the Law | Top of Page | What's New | My Stuff