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Do you think car insurance is expensive for young people?
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Imagine the cost price of a government run scheme - it would be astronomical.Deleted_User wrote: »Seeing as having motor insurance is compulsory, the Government should run a third-party only insurance service at cost price.0 -
UKParliament wrote: »MPs want to hear your views on a petition calling for a cap on insurance for 18-25 year olds to inform a committee evidence session. The petition reads:“Put a max of £1200 on car insurance for 18-25 year olds
Ridiculous idea. Who is going to fund the difference?
Why focus on young people? Should a cap apply to old people, disabled, unemployed?0 -
Yes it's too much, and a £1.2K cap seems quite a sensible step forward to me.
Most underwriters just won't insure teenage drivers if they're forced to implement this cap. Or will there be additional legislation to force Saga to insure under 25's? Will this cap apply to people driving Lamborghinis? Focus RSs? Only engines under 60hp?
Sounds like an idea someone thought sounded great in the pub, but in the child light of day seems to be full of holes.0 -
I'm all for pricing youngsters off the road particularly males in their teens and early to mid 20's.
By far the worst drivers on the road and their expensive premiums reflect that.
Increase them if anything!0 -
Is it expensive? Sure is!
Is it proportionate with the risk of the driver? If it is, then putting a cap on prices will just impact everyone else's prices. Certainly an 18 yr old in a 2 ltr car is a higher risk than a 1 ltr car, but the biggest part of the risk, by far, is still the driver.
The only suggestion I can make, if it turns out that the companies pay out as much on these crashes, as they take in in premiums, is that they get more 'benefit of the doubt' - cheaper insurance at the start - and a heavier penalty if a claim is made - load the insurance more heavily after the 1st crash, and severely after a second.
This punishes the people who crash, and gives new drivers a chance to build up experience as they can actually afford to insure a car.
I don't like the black box stuff, but that's just me...0 -
Car insurance is ridiculously expensive for all, and theoretically reflects the experience for the driver, risk of accident and cost of the vehicle. You can't give one group special treament without financially discrminating against the rest of us.
Perhaps the government might want to put a bit more effort into ensuring that no non-SORN vehicle is uninsured?Value-for-money-for-me-puhleeze!
"No man is worth, crawling on the earth"- adapted from Bob Crewe and Bob Gaudio
Hope is not a strategy
...A child is for life, not just 18 years....Don't get me started on the NHS, because you won't win...I love chaz-ing!0 -
VfM4meplse wrote: »Car insurance is ridiculously expensive for all, and theoretically reflects the experience for the driver, risk of accident and cost of the vehicle. You can't give one group special treament without financially discrminating against the rest of us.
Perhaps the government might want to put a bit more effort into ensuring that no non-SORN vehicle is uninsured?
Not for all, mine is perfectly manageable, I'd expect about £350 for quotes this year and I think there are people on here who will pay £100 or under.
Perhaps the Government needs to focus on the 1m+ cars on the road uninsured by taking them off the driver and selling/crushing them. Fine the driver and take it out of salary/benefits etc to stop this nonsense of £1 a week payments which just encourages them to do it againSam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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VfM4meplse wrote: »Car insurance is ridiculously expensive for all
£110 for one premium, £150 for the other, and that's just this year. I think the third policy we've got was about £130 last year.Perhaps the government might want to put a bit more effort into ensuring that no non-SORN vehicle is uninsured?
You mean constantly comparing the taxed vehicle db with the MID db and issuing fines automatically to the registered keeper isn't enough? It's only been going on since the summer of 2011.0 -
The premiums are so high that in practice its cheaper to clone some number plates, drive with no insurance and pay the fine if caught. This needs to be addressed. law-abiding people should not be penalised over law-breakers.0
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Yeh, you're right. Increase the fines to take account of typical premiums.The premiums are so high that in practice its cheaper to clone some number plates, drive with no insurance and pay the fine if caught. This needs to be addressed. law-abiding people should not be penalised over law-breakers.0
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