Car insurance compulsory?

[imdying]

It could actually be cheaper all round, depending on how much self control you actually have

Yeah, cause TPFT wouldn't cost nearly as much as full cover anyway.... good one

But we are talking about insurance here.

Thus:

Yep, another point for another thread though.

[imdying]

You are assuming that fault can always be determined. It's not always clear cut and the Insurance companies often figure out a compromise between themselves.
Honesty is often the first fatality in motorvehicle accidents

See Devil's post below your own.

[imdying]

I am covered... I have full access to call up and discuss the account etc as well... I am DEF named as the driver of the vehicle on the policy etc and so on... & we have made sure thru our business solicitor/lawyer person guy that its all safe n legal n im covered etc...

Regardless... the policy is cheap because your mother is considered the 'main driver', you're merely a 'named driver'. If they do a little detective work, they'll find that in fact you are the main driver. On that basis the policy was obtained fraudulently, and it will be canceled, and you'll have to declare that your insurance was canceled any time you open a new policy, else you risk having that one canceled for the same reason. Scummy is quite correct on this.

[scumdog]

GREAT thinking. SO fast cars are only for rich kids. I SEE THE LOGIC. NOT!

No ya dork.

Fast cars are for any kid who wants to get themselves in hock to a rapidly depreciating import at exorbitant interest rates.

Any town you go to will have a "Nothing Down - Walk-in, Drive off" type car yard.

And then they drive to Mag&Turbo and put bling,tyres&mags on tick

And then they scoot around to WildSoundz and get a cd player and boom box on tick.

All on the wages of a shopping-trolley gatherer at Pak'n'Slave.

NOT just 'rich' kids eh!

(And I never picked it as being a comment on 'only rich kids have fast cars')

[Bass]

Example 1) Tyre blows, you leave the road, car is written off.

Example 2) Traffic accident, fault can't be proven (for whatever reason), car damaged/written off.

Full cover is quite relevant unless you drive around in a shitter.

I'll grant you your first example, but I'll also bet you that you could negotiate a cheapie no-fault deal to cover this.

Your second example is dealt with by both parties having third party cover. If the Insurers cannot detrmine fault they have to carry their own clients

In any case, I wasn't implying that full cover was irrelevant. I was just saying that you could decide to carry your own risk without being a financial threat to anyone else.

[LilSel]

Regardless... the policy is cheap because your mother is considered the 'main driver', you're merely a 'named driver'. If they do a little detective work, they'll find that in fact you are the main driver. On that basis the policy was obtained fraudulently, and it will be canceled, and you'll have to declare that your insurance was canceled any time you open a new policy, else you risk having that one canceled for the same reason. Scummy is quite correct on this.

They dont need to do any 'dectective' work... I am the 'main driver'... that is why the excess is around 3k... if mum ever drives my car n has an accident... for her its only like $500!!!
Mum's got a new 30k ford territory... why would she be the 'main driver' of a lowered/mags/stereo/tints turbo subaru? ... we have covered all this stuff... trust me... long history with the company... family business=lots of insurance for toys + commercial equipment etc...
The policy thingie was passed onto the legal peoples that do...legal reading stuff n... well... stuff (I dont know... lol)

[Bass]

Yeah, cause TPFT wouldn't cost nearly as much as full cover anyway.... good one


Thus:

It's a bloody sight cheaper for me - what's your driving history like?

[LilSel]

When I 'grow up' (turn 25) I'll be able to afford insurance in my own name again

EDIT:... funny that insurance for my bike 1/4 of the price of my car when its in my name... *scratches head*

[Ewan Oozarmy]

No ya dork.

Fast cars are for any kid who wants to get themselves in hock to a rapidly depreciating import at exorbitant interest rates.

Any town you go to will have a "Nothing Down - Walk-in, Drive off" type car yard.

And then they drive to Mag&Turbo and put bling,tyres&mags on tick

And then they scoot around to WildSoundz and get a cd player and boom box on tick.

All on the wages of a shopping-trolley gatherer at Pak'n'Slave.

NOT just 'rich' kids eh!

(And I never picked it as being a comment on 'only rich kids have fast cars')

Thank you.

[imdying]

It's a bloody sight cheaper for me - what's your driving history like?

Yes, and I'd bet you'd like to keep it that way.... in a free and open market, that's a far more likely scenario.

[Karma]

I brought my first car in the UK at the age of 18 having only just got my full car licence. I paid approx £1000 for a ford fiesta 1.1, which for those who don't know is a small runabout car, roughly equivilent to a suzuki swift or something...

Anyways... on this car I got 3rd party, fire and theft insurance, and this cost me the grand total of £1200. This only covered me for hitting someone else, or if someone stole or set my car on fire... in no way did it cover me for anything else.

That's what happens when insurance becomes compulsary.

$3000 car

$3600 TPFT insurance for one year

Hope you're looking forward to it.

[ManDownUnder]

Stop and think!!
If everyone had third party insurance, the only reason you would have comprehensive accident cover is if you want to cover your own fuk-ups.
If you were confident that you wouldn't make any, then you would only need third party,fire and theft.
It could actually be cheaper all round, depending on how much self control you actually have

... ok - picture me this.

...my car gets stolen, and driven in a manner totally disresectful of the beautiful vehicle that it is, and coming around a left hander at speeds in excess of the posted speed limit (as naughty people sometimes do) it runs wide and into the path of an oncoming car.

Who's insurance pays?

3rd party cover on a stolen vehicle??? I think not
The cover on my own vehicle? None - they didn't cause the accident and aren't liable.

Or the old chestnut or driving into a tree (ask Xile why you'd do that - I have not idea... anyway... ). It's nice to know the tree is covered but... the car?

MDU
PS - sorry Xile LOL...

[Ewan Oozarmy]

ummm yeah there are. If I had a mirror I would be looking at one lol

Your choice, of course, but see what happens if you get caught, god forbid as the result of knocking someone over.

1st time you get caught = hefty fine + (demerit) points thus raising your next premium.

2nd time = heftier fine + ban + uninsurable on anything faster than a mini

3rd time = I hope you like porridge............

[scumdog]

They dont need to do any 'dectective' work... I am the 'main driver'... that is why the excess is around 3k... if mum ever drives my car n has an accident... for her its only like $500!!!
Mum's got a new 30k ford territory... why would she be the 'main driver' of a lowered/mags/stereo/tints turbo subaru? ... we have covered all this stuff... trust me... long history with the company... family business=lots of insurance for toys + commercial equipment etc...
The policy thingie was passed onto the legal peoples that do...legal reading stuff n... well... stuff (I dont know... lol)

So how does merely having the car insured/registered in your mums name make it cheaper to insure when YOU are the principal driver?

After all, what advantage to the insurance company is it to have your mum insure (they wouldn't drop the premium etc unless they could see it would benefit THEM - they ain't a charity) the car when she is not the one likely to 'create a claim' if you know what I mean?

[Bass]

Yes, and I'd bet you'd like to keep it that way.... in a free and open market, that's a far more likely scenario.

Quite so and maybe I have got it wrong but my understanding was that third party would become compulsory but that you could still choose where you bought your cover.