Without checking the figures and off the top of my head they would only need to recover the money they lost, so either way we (as in the populace at large) pay the same amount (approximately)
This does however put the cost where it lies. For example I (and very many others) have more than one bike and a car. It is the person (me) whom is insured by ACC, why should I pay 3 times the premium of someone else?
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