Drivers face compulsory third-party insurance

[Dodger]

http://www.stuff.co.nz/4478220a10.html

The Government is poised to introduce compulsory third-party insurance for all New Zealand drivers.
It is too soon to say how much it will cost motorists, but premiums are likely to be high for young drivers or those with modified cars. Third-party insurance costs about $100 a year for experienced motorists with little or no record of traffic offences.

[YellowDog]

IMO - This will be a very good thing for ALL motorists.

If this is introduced, it will hopefully address or remove the potential issue of irresponsible 15 year old kids with 3.5 litre cars destroying the lives of others.

Why don't you set this up as a 'Good Thing 'Bad thing' vote?

[Ms Piggy]

IMHO this is a good move. It may (unfortunately) mean things will become financially tighter for those on low incomes but currently it's a lose/lose situation all round. I always shudder when someone says they have no car insurance at all.

[gunnyrob]

Good stuff, about time.

[HDTboy]

I think it's fucking stupid.

[tide]

mmm personaly I think it is a good idea... I'm insured anyway so doesn't affect me... but to think if I get hit and it's the other drivers fault I have a claim... and don't have to fight someone for money throught he courts...

[scracha]

I think it's fucking stupid.

Why? Have you got 200K in the bank in-case you clip someone's Lamborghini?

[YellowDog]

Insurance costs will come down for all except 'HDTboy'

[Dodger]

poll posted...

[Owl]

I think it's fucking stupid.

I'd love to know the reason behind that.

[HDTboy]

Insurance costs will come down for all except 'HDTboy'

Bwahahahaha, do you think costs will come down for a captured market? think about it for a few minutes.

If it is compulsory (like fuel is), the prices will go up.

[Owl]

Bwahahahaha, do you think costs will come down for a captured market? think about it for a few minutes.

If it is compulsory (like fuel is), the prices will go up.

Fuel is hardly a good example. When was the last time you saw massive differences in the price of fuel between companies? There is a lot more competition with insurance!
I'm just curious as to how the government will work and enforce it.

[TimeOut]

Great idea, I can't see why it wouldn't bring the cost down (for those of us already insured)
Enforcement shouldn't be a problem, everyone stopped WOF,Reg, breath test, insurance. No insurance vechicle impounded till it has cover

[Dodger]

At a guess 3rd part will go up, Doubt it will affect full cover, but you never know.

On the plus side it may put a damper on young the boy racer tossers in their 4Lt turbo, modified cages.

[Usarka]

Great idea, I can't see why it wouldn't bring the cost down (for those of us already insured)

And make it 10 times higher for new drivers/riders.

This is a good reason why any young guys or gals who are doing the old dodgy trick of getting the olds to insure their bike/car should stop immediately and bite the bullet and get insurance under your own name now.

If you dont have an insurance history when this comes in then it will likely cost you a lot more......