Motor Vehicle Insurance

I’m not inclined to think it should be legal as it is a choice that people are entitled to make.

Perhaps it is prudent though given we live in an age when someone is always going to be looking for someone to “pay” for the damage.

It really comes down to your assessment of risk, the risk of not having insurance in an “at fault” accident is that insurance companies will look to recover costs from you – could mean losing your house or other assets.

But insurance is one of those things that you never need it until you need it, and if you don’t have it when you need it, it is far too late to remedy that!

My two bob’s worth…

IMHO the ones who take the risk on no insurance don't have any assets to seize!

The people I really despise are ones who don't register their car and therefore have no third party insurance so if they run over someone, the victim is left with nothing.

I really applaud the police forces checking number plates for this.

I recall a couple of months ago , I was in a line of traffic and heard a bang. looked behind and an old Camry had rear ended someone , then made a dash for it. Bet no insurance there and probably no licence either

Not to mention the issue of people in fire areas who don't insure their houses , then are given money by the government if it burns down.
Regards Philip A

Third party should be compulsory. I think it irresponsible to drive without third party - everyone should pay for their mistakes... If you cant afford third party, what makes you think everyone else can afford you.

Yeap agree 100%, everyone who drives and owns a motor vehicle should have 3 party insurance as in the UK...... no insurance no rego.

https://www.gov.uk/vehicle-insurance/overview

And as said above if you can not afford insurance you can't afford to run a vehicle.

If everyone had insurance our premiums would be lower.

Maybe it should be part of your license fee that way everyone is covered and for many it may even be cheaper that way..... have 3 vehicles registered under your name and you only pay comprehensive for the one your driving at the time of the accident and the other two not getting driven are covered for fire and theft whilst sitting at home.

G'day all.. My thoughts on the subject.. All rego costs, motor cycles, cars, boats, the hole lot, including insurance... For all.. Should be put into the price of fuel.. Pay more at the bowser, every one is covered.. And best thing, user pays.. The more you drive, ride, or on the water, the more you pay.. Even put money towards road works and improvements, user pays... Simple and fair.. If your retired, and use your car once a fortnight to do the shopping.. Or doing laps, if you have one car, or three.. You pay for how you use your vehicle, It sounds fair I recon
Can't argue with that! I'm sure someone will.. Ha. Cheers n safe driving. Odog

Maybe some kind of excess payment, I guess.. Suppose you would get people that didn't give a rats about running into you, if it doesn't cost them in the hip pocket..

Just a thought on the subject, there are over 30,000 unlicensed drivers in NSW at any given time, so what can society do? They haven't broken any laws until they get behind the wheel, punishment is usually 3 months of loss of licence, like that's really going to hurt them.

Remember when the ex-wife of James Packer, was caught drink-driving, smashed into 3 vehicles and flipped hers, the police suspended her suspended licence, I'm still trying to figure that one out, its like cancelling a cancelled licence.

I would like to see unlicenced drivers driving unregistered vehicles have their mode of transport crushed, no more problems

And then something like this happens and you have to wonder.............

AAMI pays out.

BTW, I don't think AAMI are liable.

what is actually the issue?
The only way someone will be left out of pocket is if two uninsured drivers have an accident.
If an uninsured driver hits you, you just give his details to your insurance company.
Why would you need to "chase him all around town"?

Fascinating thank you for your thoughts i do think the put into fuel might be a good idea I am sure the experts could work out a system that covers all types of drivers

May be if we all pay the insurance costs might be a much more manageable amount but then again bit like banks now you really cannot get away from having a bank account and look at the profits they are making.


so I am not sure what is best

ok, I'm obviously missing something here? If you have no 3rd party insurance (green slip) you cant rego your vehicle and I thought it was illegal to drive an unregistered vehicle.

Reading the thread it looks as though different types of insurance are being referred to in a generic way.

For example, CTP Greenslips are a requirement in New South Wales to enable registration of a vehicle, and this covers personal injury.

The other form of insurance is where someone else, an insurance company, will assume the risk of having to pay someone else for damage that you cause. This could either be third party property where you may not be covered, but the damage you cause will be. And then comprehensive where you can purchase, for an agreed price, protection across a whole range of risk that includes damage to your vehicle, damage to someone else’s vehicle, and property, and also cover you for loss through theft or fire.

So putting aside CTP Greenslips as they are required by law, whether an individual chooses to take insurance protection or not is up to them, but the cost of not doing so may far outweigh the cost of purchasing a policy that provides protection – but surely, that is up to an individual to decide?

For those calling for a levy at the fuel pump to pay for insurance, I’m not sure how this would work given the risk of insuring one individual compared to another will be quite different. Where they live, driving record, vehicle being insured, age, these are all factors that are taken into account when determining the cost of a policy. In practice, how would this work?

And those advocating compulsory insurance for all, do we extend this to health insurance, and home buildings and contents?