Huge insurance costs for youngsters
Discussion
thinfourth2 said:
Remind me again what the fine is for no insurance?
Point taken but given it's 6 penalty points for no insurance which equals a ban if you're given these within 2 years of passing your test then I don't think it's the punishment which is the problem. It's the will of the authorities to actually crack down on uninsured drivers.Go to particular housing estates and certain parts of the country and you'd catch hundreds of them in one day.
Victor McDade said:
thinfourth2 said:
Remind me again what the fine is for no insurance?
Point taken but given it's 6 penalty points for no insurance which equals a ban if you're given these within 2 years of passing your test then I don't think it's the punishment which is the problem. It's the will of the authorities to actually crack down on uninsured drivers.Go to particular housing estates and certain parts of the country and you'd catch hundreds of them in one day.
Do you really think a ban is a problem when all that normally happens is they get another ban
Tsippy said:
While I think that the insurance premiums are becoming silly, I believe it is also important to remember that it's not a "right" to be able to drive. If they cannot afford the insurance, they'll have to use public transport or possibly a scooter/bike.
Driving is a necessity for a lot of people. I personally think there should be a governing body that makes sure that the insurance companies are fairly assessing the risk of young drivers.
thinfourth2 said:
Victor McDade said:
thinfourth2 said:
Remind me again what the fine is for no insurance?
Point taken but given it's 6 penalty points for no insurance which equals a ban if you're given these within 2 years of passing your test then I don't think it's the punishment which is the problem. It's the will of the authorities to actually crack down on uninsured drivers.Go to particular housing estates and certain parts of the country and you'd catch hundreds of them in one day.
Do you really think a ban is a problem when all that normally happens is they get another ban
The police and authorities not enforcing this is the problem.
Victor McDade said:
I think a ban and the car being seized (at a substantial cost to the owner) is a sufficient deterrent yes.
The police and authorities not enforcing this is the problem.
LegalThe police and authorities not enforcing this is the problem.
£800 banger and £2500 to insure it £200 for tax and MOT gives you £3500
Illegal
£400 fine and £800 banger not tax and no MOT gives you £1200
Don't take a genius to work out whats cheaper
Tsippy said:
While I think that the insurance premiums are becoming silly, I believe it is also important to remember that it's not a "right" to be able to drive. If they cannot afford the insurance, they'll have to use public transport or possibly a scooter/bike.
I have no evidence to back this up, but I feel that insurance companies have worked out that youngsters normally have a high disposable income and are desperate to drive, so will pay pretty much whatever is demanded. While I can understand that new drivers are a greater risk, I can't see why their premiums are shooting up compared to everyone else's.Frankeh said:
I personally think there should be a governing body that makes sure that the insurance companies are fairly assessing the risk of young drivers.
The motor insurance industry is pretty competitive - I think the price you get if you shop around is going to be as cheap as it can be done for without subsidy. The really ridiculous quotes (£19500 for a Punto) are just a polite way of telling you they don't want your business.The real problems you have to address if you want to reduce insurance premiums for young people are how to stop them being such dangerous drivers and how to control the excessive costs of (often spurious) personal injury claims. Both far easier said than done.
thinfourth2 said:
Remind me again what the fine is for no insurance?
Mr uninsured foreign national who wrote my car off earlier in the year was serving a drink-drive ban, therefore wasn't insured. He got a £50 fine for no insurance at court, and 160hrs community service. Don't know if he stayed in the country to serve the service.£50 for no f
king insurance! Unbelievable.Mr Will said:
While I can understand that new drivers are a greater risk, I can't see why their premiums are shooting up compared to everyone else's.
Everyone else's premiums are going up too - it's just a doubling in premium is easier to swallow when you were paying £150 than if you were paying £1500.thinfourth2 said:
Victor McDade said:
I think a ban and the car being seized (at a substantial cost to the owner) is a sufficient deterrent yes.
The police and authorities not enforcing this is the problem.
LegalThe police and authorities not enforcing this is the problem.
£800 banger and £2500 to insure it £200 for tax and MOT gives you £3500
Illegal
£400 fine and £800 banger not tax and no MOT gives you £1200
Don't take a genius to work out whats cheaper
Okay, if they hit someone elses car there's a problem, but that problem normally lies with the third party and the kid will pay £400 for having no insurance (less than the excess anyway). If they hit someone else and there's an injury etc. then it will all be with the police and not something an insurance company could really help with.
Insurance quotes are inconsistent. I can get insured on an M5 fully comp for £1300 but some companies were asking for several grand on the same car.
I provide my customers with 7 day free drive away insurance & can honestly say that only a handful have saved money over their current insurers. That's 20 odd cars a month over 18 months. Maybe they really don't want the business or are chancing it to make that extra money.
I provide my customers with 7 day free drive away insurance & can honestly say that only a handful have saved money over their current insurers. That's 20 odd cars a month over 18 months. Maybe they really don't want the business or are chancing it to make that extra money.
Frankeh said:
Tsippy said:
While I think that the insurance premiums are becoming silly, I believe it is also important to remember that it's not a "right" to be able to drive. If they cannot afford the insurance, they'll have to use public transport or possibly a scooter/bike.
Driving is a necessity for a lot of people. I personally think there should be a governing body that makes sure that the insurance companies are fairly assessing the risk of young drivers.
funkyrobot said:
thinfourth2 said:
Remind me again what the fine is for no insurance?
Mr uninsured foreign national who wrote my car off earlier in the year was serving a drink-drive ban, therefore wasn't insured. He got a £50 fine for no insurance at court, and 160hrs community service. Don't know if he stayed in the country to serve the service.£50 for no f
king insurance! Unbelievable.Now you might have thought that the local council who had issued the minicab licence or the police might have been interested in this - but they couldn't have cared less.
Whats more even Admiral didn't want to follow it up - they said it was too much hassle
Tsippy said:
While I think that the insurance premiums are becoming silly, I believe it is also important to remember that it's not a "right" to be able to drive. If they cannot afford the insurance, they'll have to use public transport or possibly a scooter/bike.
And if they were raised in a rural area there is quite often little to no public transport. Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff