Would you have car insurance if it wasn't mandatory

[thinfourth2]

Would you have car insurance if it wasn't mandatory?

I'm sure i will get the its not the value of your car but the damage you can do with it however.

I'm sick of paying £300 plus to insure a stty little micra and i'm even more sick of the whole industry that has built up around it.

I'm also sick of the fact that its cheaper to go fully comp then 3rd party only

I'm sick of being viewed as a mobile cash machine by certain groups.


If it wasn't a legal requirement to be insured i really don't think i would bother as i haven't crashed into anyone since i was young and stupid and i have no intention of doing so.

[slinky]

Nobody (sane) wants to or intends to crash... That's why we have insurance..

Just think of it as gambling..

[98elise]

thinfourth2 said:

Would you have car insurance if it wasn't mandatory?

I'm sure i will get the its not the value of your car but the damage you can do with it however.

I'm sick of paying £300 plus to insure a stty little micra and i'm even more sick of the whole industry that has built up around it.

I'm also sick of the fact that its cheaper to go fully comp then 3rd party only

I'm sick of being viewed as a mobile cash machine by certain groups.


If it wasn't a legal requirement to be insured i really don't think i would bother as i haven't crashed into anyone since i was young and stupid and i have no intention of doing so.

So you don't believe there is an element covering the damage you can do with your car?

£300 sounds reasonable to me, its about what I pay for the mondeo. Personally I'd rather have the cover, I'd not want to lose my house to pay for a major crash.

[thinfourth2]

slinky said:

Nobody (sane) wants to or intends to crash... That's why we have insurance..

Just think of it as gambling..

Yeah a casino where cheating is positively encouraged

[thinfourth2]

98elise said:

thinfourth2 said:

Would you have car insurance if it wasn't mandatory?

I'm sure i will get the its not the value of your car but the damage you can do with it however.

I'm sick of paying £300 plus to insure a stty little micra and i'm even more sick of the whole industry that has built up around it.

I'm also sick of the fact that its cheaper to go fully comp then 3rd party only

I'm sick of being viewed as a mobile cash machine by certain groups.


If it wasn't a legal requirement to be insured i really don't think i would bother as i haven't crashed into anyone since i was young and stupid and i have no intention of doing so.

So you don't believe there is an element covering the damage you can do with your car?

£300 sounds reasonable to me, its about what I pay for the mondeo. Personally I'd rather have the cover, I'd not want to lose my house to pay for a major crash.

I didn't think it would be that quick

[Monkeylegend]

thinfourth2 said:

slinky said:

Nobody (sane) wants to or intends to crash... That's why we have insurance..

Just think of it as gambling..

Yeah a casino where cheating is positively encouraged

Nothing to stop you driving without insurance. What could possibly go wrong?

[Bill]

And that, imo, is why it should be compulsory.

I agree the compensation culture has gone ott, but imagine if some tt runs into the back of you writing your Micro off. Ignoring the PI element you're down a few hundred pounds for the car and massively inconvenienced. You might even miss a day or two's work due to transport issues and having to source another snotter.

So you sue said tt for the car and work lost, which costs you another day off and get your few/several hundred pounds back at 50p a week. If you're lucky...

[m444ttb]

I pay for plenty of other insurance policies I don't have to take out. The car policies at least feel like they may be of us.

[anonymous-user]

deposit 250k with the secretary of the state, and never worry about paying insurance again.

[forzaminardi]

I voted 'no' but really the problem isn't with insurance in principle, its with the poor value, awful service and non-existent regulation of the industry that the OP is having a gripe about. There should be more standardisation of quotes and more regulation as to what is and isn't covered.

[thinfourth2]

Bill said:

I agree the compensation culture has gone ott, but imagine if some tt runs into the back of you writing your Micro off. Ignoring the PI element you're down a few hundred pounds for the car and massively inconvenienced. You might even miss a day or two's work due to transport issues and having to source another snotter.

So you sue said tt for the car and work lost, which costs you another day off and get your few/several hundred pounds back at 50p a week. If you're lucky...

But if the micra was written off then I would chuck it in the bin and not claim as at the present moment if i claim it would cost me more in the next 5 years more then the car is worth. I have other road legal vehicle so its not a huge problem. One of my previous snotters burst into flames but i didn't even dream of claiming.

Asides from the PI part of insurance i really don't see the point

[thinfourth2]

Monkeylegend said:

Nothing to stop you driving without insurance. What could possibly go wrong?

Ignoring the plod

In the past 10 years

Nothing

[U T]

My house has never burnt down either, but I still insure that.

This concept that if you don't claim, insurance is a waste of money, is plain bonkers.

If I didn't insure my house, and I don't have to because I've got no mortgage, own it outright, I would never go on holiday or even go out for the day, in case the asset I worked for years to pay for was destroyed. I'd have to stay in the house ready to put out any fire. Insurance buys me peace of mind, protection and freedom to live my life.

Same with car insurance. I just wouldn't drive without insurance, incase I hit an expensive car or a person, and had to sell my house to pay the damages. But for a few measly (about £300 in my case), someone else agrees to pay up to £50M for my possible mistake. Absolutely brilliant value.

[thinfourth2]

U T said:

My house has never burnt down either, but I still insure that.

STUFF

But thankfully you are not legally forced to insure your house.

I know exactly how insurance works i just think it is stunningly st value for money when it comes to car insurance. i can only drive one at a time but i must keep all of them insured

[kambites]

Yes, because there are things I could break with my car that there's no way I could afford to pay for.

[blearyeyedboy]

Yes, costs are high. But the "screw you, I'm alright" attitude that a significant minority have means they'll own as flash a car as they can instead of spending some money on insurance, no matter how cheap it gets. Thinfourth may be a model citizen and drver but he isn't going to make up the majority of people who would opt to skip on insurance.

If someone drives into you but they haven't got enough money to pay for the damage they've done to you, what then? Forget about the cost of repairing a cheap banger for a moment; perhaps you might need several months off work recovering from your injuries... because someone didn't want to stump up a few quid to protect other people around them and only cared for themselves?

And what happens when such people run into someone's 911?

Good luck trying to sue such people in the courts. If they haven't got any money for you to sue, you'll get the square root of fk all back.

And that is why insurance is compulsory. What it needs is tighter regulation to control costs.

Edited by blearyeyedboy on Saturday 14th January 10:21

[R12HCO]

Totally depends on value. My last car deffo - cost not to short of £10,000 (which is alot when on £18k a year). My current £1000 off roader which I dent for fun - no.

[otolith]

If we didn't have mandatory insurance, only those with a pot to piss in would pay for it, as the potless have nothing to lose.

[thinfourth2]

otolith said:

If we didn't have mandatory insurance, only those with a pot to piss in would pay for it, as the potless have nothing to lose.

Also the first reaction to a minor crash would not be £££££££££££££££££££££££££££££££££££££

[CDP]

Don't think of the value of your car, think of the damage you could do with it. Run into the back of a bus and the bill can tens of thousands. Run into a bus queue and it can be millions.

Policies are priced entirely based on the calculated probablity of the client's likelyhood of claiming and the probably cost of that claim.

As the cost is higher I wouldn't mind guessing that TPF&T policies have a much higher claim rate even with all the other factors being identical. It probably exposes the customer's attitude to risk.

Compulsary insurance is there to protect the public not the policyholder.