Quote:
Originally Posted by TrevorW
I think the more you are on the road the greater the risk therefore you should have scaled premiums but most insurance companies don't work that whey
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A brainstorm: A national comprehensive motor vehicle insurance scheme which was compulsory and funded out of a small increase in the excise in fuel would be one way of achieving just that. The more fuel you buy, the further you are travelling. It would also encourange more fuel-efficient vehicles on the roads.
Increase the cost of fuel by, say 15 per litre and take the insurance out of the hands of the gougers. That would mean, for the average vehicle consuming say 10 liters per 100 km and doing say 20,000 km a year a cost of about $300. I'd be amazed if you couldn't fund a national insurance scheme for that sort of money.
No more being rammed by some uninsured idiot - in fact you could make it a no-fault scheme if it was universal and compulsory.
Peter