Third party insurance soon to be compulsory

**R6_kid:Me** · 12th August 2006, 18:17

Finally, there is talk in the government at the moment to introduce comulsory third party insurance on all motor vehicles. Looks like a good move, hopefully it wont push premiums up, because from what i saw on the news tonight the insurance companies werent as keen as the government.

**chanceyy** · 12th August 2006, 18:23

Originally Posted by gareth_d

Finally, there is talk in the government at the moment to introduce comulsory third party insurance on all motor vehicles. Looks like a good move, hopefully it wont push premiums up, because from what i saw on the news tonight the insurance companies werent as keen as the government.

lol prob not since the claims will go through the roof ..

but I for one have never been without insurance .. & bloody grateful when it turns to custard, & i have had to make a claim

**crashe** · 12th August 2006, 18:25

Yay....... yeah I saw it on the 6pm TV1 news as well tonight.

**Bonez** · 12th August 2006, 18:26

It's been a long time coming.

**Jonny Rotten** · 12th August 2006, 18:33

im sure that third party is part of your rego in australia.....so why isnt it like that here?

**Sketchy_Racer** · 12th August 2006, 18:40

Originally Posted by Jonny Rotten

im sure that third party is part of your rego in australia.....so why isnt it like that here?

Because us NZers are to stupid to look and see what the rest of the world is doing and learn from thier mistakes.

No, instead us NZers try to re-invent the wheel with all sorts of rubbish

But i believe that the compulsory Insurance is a good thing.

BUT, the insurance should be for the person not the vehicle :ie: If i want to ride a mates bike and his insurace policy wont cover the bike while im riding it, then my insurace will cover it so long as im not breaching any laws.

**onearmedbandit** · 12th August 2006, 18:54

Originally Posted by RG100!!

Because us NZers are to stupid to look and see what the rest of the world is doing and learn from thier mistakes.

No, instead us NZers try to re-invent the wheel with all sorts of rubbish

WTF?? This is the first time I've seen this arguement applied to NZ. Every other time it's '...blah blah blah...NZ just follows Australia/America/England...blah blah...'.

For a long time I also believed compulsary insurance was a great idea, and it may still be, but it is not without it's flaws. As pointed out to me by a good friend, show me a country with compulsary insurance where the insurance companies haven't raped the consumer.

**Sketchy_Racer** · 12th August 2006, 19:00

Yep thats the only problem with the compulsory insurance. All the insurance companies will rake up the prices real bad. Although law could say that vehicle insurance should be run by the Govt so that they can control the price (probably just as bad tho)

**Sketchy_Racer** · 12th August 2006, 19:01

Originally Posted by onearmedbandit

WTF?? This is the first time I've seen this arguement applied to NZ. Every other time it's '...blah blah blah...NZ just follows Australia/America/England...blah blah...'.

Yeah thats true.

But if it works for them, why not use the same system for us??

**trumpy** · 12th August 2006, 20:34

Some of the more senior members of this site should be able to remember when 3rd party insurance was part of your registration fee. If my memory serves me correctly it was the insurance companies that lobbied (successfully) the then guvermint to have it removed. Cant remember the date or the gubbermint but I am sure someone can enlighten us.....

**Skyryder** · 12th August 2006, 20:42

Originally Posted by trumpy

Some of the more senior members of this site should be able to remember when 3rd party insurance was part of your registration fee. If my memory serves me correctly it was the insurance companies that lobbied (successfully) the then guvermint to have it removed. Cant remember the date or the gubbermint but I am sure someone can enlighten us.....

Yes always use to be this way. I never knew that it had been 'taken away' until the wife had a prang, she was found in the wrong and it cost us a fortune.

Not too sure who did away with third party etc............Rodgernomics???

Skyryder

**The_Dover** · 12th August 2006, 20:50

I would suggest a government run not for profit 3rd party scheme could be a good idea but we all know with the fuckwits running the beehive that it would be an even bigger rip off and shower of shit than commercial insurance!

**cowpoos** · 12th August 2006, 20:55

Originally Posted by The_Dover

I would suggest a government run not for profit 3rd party scheme could be a good idea but we all know with the fuckwits running the beehive that it would be an even bigger rip off and shower of shit than commercial insurance!

like ACC ?????