Quote:
Originally posted by Rocker
How would the charges be calculated.As an old fogey I really don't want to be paying the same as some of you youngsters.At the miment I'm paying approx £200 fully comp on the Multistrada & £94 fully comp on the Deauville. I'm sure the system you suggest would cost me at least that( probabley more) for just third party |
The system is based on the engine capacity and what state you are in but the government has deregulated it after it's introduction because they were effectively price fixing it.
The system works well and the idea behind the third party insurance is that it follows the registration and becomes a cost viewed in the same way as MOT for a car here - it's an assett sold with the vehicle. You could cash it in but you would effectively be taking your vehicle off the road (SORN style) and it would be less attractive to potential purchasers.
The car you bought to replace it would have insurance as well so it's a roundabout. A good system if you ask me.