Rip off car insurance in the UK

almillar

Just a thought I had the other day about insurance companies, car insurance being the worst example. In this time when loads of banks have had to be bailed out and high street retailers are going into admin weekly, has anyone heard of any insurance companies going bust?

vaio

TrickyWicky wrote: »

The difference (as explained above) is that the MIB will not provide any cheap insurance cover which ALLOWS you to LEGALLY drive.

Yes they do cover claims against uninsured drivers but uninsured drivers get hit by the law. I repeat: Poor drivers have no cheap legal insurance available to them.

Comprende?

Yep, and I hesitate to point out that I didn't suggest that s151/MIB do formally provide cheap insurance to poor drivers.

What I said was that, from the viewpoint of payments to innocent third parties, the Canadian and our systems are essentially the same. Accident happens, government pays and reclaims from the at fault driver

vaio wrote: »

isn't that essentially what the MIB & s151 do in terms of payment to innocent third parties?

I suppose the difference is that uninsured people over here only have to pay if they get caught or have an accident......

and again in my later post

vaio wrote: »

really? In terms of payment to third innocent third parties what is the difference between the Canadian system and s151/MIB?

TrickyWicky

Yes but your initial reply was in response to a reply saying about.. oh forget it