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Driving with no car insurance?

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It's not right that someones right to travel is infringed or left out of pocket because someone put an overly expensive car on the road.

For the love of all that is holy, when are you going to pay attention to the fact that expensive cars have nothing to do with the high cost of insurance? There is a tiny minority of people out there with expensive cars and they pay more to insure them than they would a smaller cheaper car. They have a statistically insignificant effect on the cost of insurance, we are talking fractions of a percentage here. On the other hand around half of all claims include injury claims, of which doctors believe more than 70% of which are fake or exaggerated to fleece more money out of the industry. Injury claims make up a third of what the insurance industry pays out, excluding resultant legal and admin fees. For a young driver that is £1000 worth of their premium, of which £700 is completely unnecessary. Why are you getting hung up over the tiny fractions when there is an industry of insurance fraud that is responsible for ramping up your premium by a huge amount? Get a grip.

Coffinman

Anyway I'd forgotten about this thread until I stumbled onto these two articles recently, stating the obvious.
One about how insurers push repair costs up and another about how they charged men more by using dodgy statistics which is being stopped at the end of this year.

Insurance companies aren't the ones ramping up repair costs, it is garages. They charge whatever the hell they like and do unnecessary work because they know that it is more expensive for the insurance company to challenge them than to just roll over and pay up. Garages, AMCs, ambulance chasers and dodgy claimants are all responsible for high insurance premiums because the only way that insurers can get the money they are hemorrhaging out back is by increasing premiums. The last thing insurers want is increased costs because they are already operating at substantial losses, but still there is an entire industry whose sole purpose is to bleed them dry. They are all having to increase the cost of other insurance policies to keep their car insurance arms afloat, some smaller companies have already pulled out of the market altogether.

This measure from Europe isn't the god-send you think it is; it applies to all insurance forms, not just car insurance. Statistically men live shorter than women, so men get better rates on their annuities. Now though, men will get substantially smaller pensions as pensions are a form of insurance and will not be able to take in to account the customer's gender. Also, if you think your insurance premium is going to substantially decrease then you are wrong, women's premiums will just rise to the same level as ours. As for dodgy statistics, really? Men have more crashes per mile driven resulting in larger claims and cover more miles per year than women. Men cost insurers more than women, so it is only natural that men pay more than women.

Reply 101

Coffinman

I said nothing about whether the European decision was good. It was the suspect statistics that were used to justify it.

And if companies are losing as much money as you claim then let them fail instead of creating more silly laws like continuous Insurance Enforcement.

Reply 102

Chrisispringles

Original post by Coffinman

I said nothing about whether the European decision was good. It was the suspect statistics that were used to justify it.

The statistics are very clear. Men crash more and the claims are generally larger. That is why insurance for men is more expensive than it is for women.

Coffinman

And if companies are losing as much money as you claim then let them fail instead of creating more silly laws like continuous Insurance Enforcement.

Personally I disagree with CIE, it is completely useless. All you have to do is SORN the car and the system will be happy. It doesn't stop you from driving it without insurance. The only people who suffer are law abiding classic car enthusiasts who have to go through a mountain of paperwork and unnecessary costs every year when they take their cars off the road for winter and put the back on the road for summer.

However, allowing the car insurance market to collapse entirely would be disastrous. Think about it, how many people out there can afford to pay for the damages incurred in a car crash. It is a Common Law right to be compensated for your losses. If that loss is a £1000 banger then people may be able to afford to pay that themselves at a push, but what if it is the cost of lifetime care? How many people can afford 5 or 6 figure a year care bills? What about loss of earnings? A hire car whilst theirs is being fixed or replaced? Legal costs if there is a dispute as to fault, which would become more likely as people stand to lose a lot more if they admit liability? A tiny number of people are rich enough to cover the liabilities that Common Law places on all of us, the rest of us simply can't. A fender bender with someone in an old shed could easily cost four figures and more serious accidents would be financially crippling. A good way of seeing what would happen is to read the stories of Britons who have taken there cars to the Nurburgring and caused a crash there. No UK insurer covers the Nurburgring, but as it is a public road there is still a liability on you to pay for any damages. There are plenty of stories out there of people who have caused crashes and been left bankrupt after disabling other track users. Allowing car insurance to fail would be a disaster as it would undermine one of the very basic principles of our civil law system as the majority of people would not be able to compensate others for losses they had caused.

Reply 103

bad8oy

Original post by Chrisispringles

The statistics are very clear. Men crash more and the claims are generally larger. That is why insurance for men is more expensive than it is for women.

Personally I disagree with CIE, it is completely useless. All you have to do is SORN the car and the system will be happy. It doesn't stop you from driving it without insurance. The only people who suffer are law abiding classic car enthusiasts who have to go through a mountain of paperwork and unnecessary costs every year when they take their cars off the road for winter and put the back on the road for summer.

However, allowing the car insurance market to collapse entirely would be disastrous. Think about it, how many people out there can afford to pay for the damages incurred in a car crash. It is a Common Law right to be compensated for your losses. If that loss is a £1000 banger then people may be able to afford to pay that themselves at a push, but what if it is the cost of lifetime care? How many people can afford 5 or 6 figure a year care bills? What about loss of earnings? A hire car whilst theirs is being fixed or replaced? Legal costs if there is a dispute as to fault, which would become more likely as people stand to lose a lot more if they admit liability? A tiny number of people are rich enough to cover the liabilities that Common Law places on all of us, the rest of us simply can't. A fender bender with someone in an old shed could easily cost four figures and more serious accidents would be financially crippling. A good way of seeing what would happen is to read the stories of Britons who have taken there cars to the Nurburgring and caused a crash there. No UK insurer covers the Nurburgring, but as it is a public road there is still a liability on you to pay for any damages. There are plenty of stories out there of people who have caused crashes and been left bankrupt after disabling other track users. Allowing car insurance to fail would be a disaster as it would undermine one of the very basic principles of our civil law system as the majority of people would not be able to compensate others for losses they had caused.

Ye but women cause the accidents :smile:

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Reply 104

Kbomb

Original post by hvh

Only idiots risk driving without insurance, under any circumstances.

If you don't have insurance you risk:
- Having your driver’s license suspended.
- Hefty fines
- Your vechicle being ceased and only realeased with proof of insurance and after a penalty fine.

So in your friends case, it could end up costing him/her alot more than paying for insurance in the first place. &As they commute to work, it could cost them thier job if there isn't an alternative way of getting to work.

Edit: This is also ignoring the possibility of paying out if your friend has a crash. No matter how safe a driver you believe you are, accidents happen to everyone eventually. No matter how safe a driver you class yourself as, you really are insuring against all the ********s that are on the road, and there are plenty.