New insurance requirements

[monkey_boy]

What happens if an owner has decided not to insure against 3rd party risks, but instead has deposited five hundred thousand of his Great British Pounds with the Accountant General of the Senior Courts? the MID would have nothing to do with that scenario would it?

 

[Glaucus]

this is stupid, insurance ran out yesterday and due to massively overspending at christmas and working away for the next two weeks, im not renewing my insurance untill the 4th, but i'm now breaking the law , how are they enforcing it, do i need sorn it or what which is inconvenient as that requires getting tax refund, totally rediculuse. Btw it's parked on a private driveway.

 

[Third Opinion]

What difference is this really going to make? There are still people driving around without tax despite having to sorn system. It is also easy to spot a parked vehicle without tax by the Disc.

The Police already have access to insurance markers, MOT markers, and tax markers.

A legally parked car without insurance is hardly going to cause an accident, well unless it is really badly parked. I would have thought the risk of it getting hit and run would be enough for drivers to make sure it is insured whilst parked on a public highway.

Not sure what this is going to achieve.

Easy way to park a car on the road without tax or now insurance is to sorn it then put a cover over it.

 

[Hades]

Not sure what this is going to achieve

It will achieve extra revenue for the government, both from fines and more specifically from the tax on the extra insurance generated.

 

[Third Opinion]

It will achieve extra revenue for the government, both from fines and more specifically from the tax on the extra insurance generated.

Minus all the extra admin, postal costs. We are also bound to need a couple of hundred extra Civil servants with their lovely pensions on this scheme.

 

[Shad]

For people who leave their nice cars uninsured (for example the chap with the Lexus and Westfield), what are you going to do if they get stolen? Or if there's a fire and they are destroyed. You're upset about an extra monkey each year for insurance but are you saying you can afford to write them off completely in such a scenario?

Seems odd to me. I may not have used my Caterham all winter but I damn well keep it insured all the time.

 

[Mucky_Pup]

Does the same go for bikes? I had mine off the road for about a month before I renewed my insurance. If so it sucks, and will do nothing to prevent people who drive, untaxed, untested, and uninsured, as they're already doing that.

 

[Deleted member 66701]

For people who leave their nice cars uninsured (for example the chap with the Lexus and Westfield), what are you going to do if they get stolen? Or if there's a fire and they are destroyed.

I have what's called "layup" cover for them - it covers them in the event of getting stolen or if they catch fire. Only about £30 a year. I had the same cover when I was building the Westfield.

Fire and theft components only form about 5% of "road" insurance pemiums, the main risk is crashing into someone elses £60k Merc

Does the same go for bikes?

Yup.

 

[Gaygle]

RAC even do it from £10 a day - I've used them once before when I couldn't get through to Sureterm computer system was down (not a sinlge day policy - it was a week which came in at £32 iirc).

http://www.rac.co.uk/day-insurance/

Bloody load of good that was.

"We have analysed the data in your application and unfortunately we are not able to provide you with insurance due to the information supplied."

 

[stoofa]

I've heard of issues with people trying to buy tax when they only have a few days left on an MOT or insurance. Online it always works but the post office seem to have issues sometimes.

I can confirm that it doesn't always work online.
My Insurance ran out on Friday.
I attempted to buy tax online on Tuesday, Wednesday & Thursday and each time I was told "Your insurance is nearing its expiry - you cannot buy tax online".
I had to wait until this morning where the database had obviously been updated and I was able to purchase without a problem.

 

[Alibaba99]

this is stupid, insurance ran out yesterday and due to massively overspending at christmas and working away for the next two weeks, im not renewing my insurance untill the 4th, but i'm now breaking the law , how are they enforcing it, do i need sorn it or what which is inconvenient as that requires getting tax refund, totally rediculuse. Btw it's parked on a private driveway.

It isn't law yet. Just coming early this year.

And whose fault is it that you cannot budget for something for which you've had a years warning for when it is due?

I suspect that like SORN there will be a grace period before the insurance will be in place.

 

[mattyfez]

The system seems to get more complicated for no reason. Why they can't just build road tax into fuel duty, i dont know. A true pay as you go system, with none of the administration overheads.

 

[mattyfez]

I once got stung a month's worth of tax when taxing a sorn vehicle online, i did it at the last day of (for example june) and when I got the disk it expired 11 months later on the following 1st of June. I lost a month of tax and there wasn't a god damned thing I could do about it.

Needless to say I won't be caught with my trousers down again. I now buy my tax online only, the day after my current tax expires.

 

[NathanE]

There will be if it's taxed.



Quite - I often have my Lexus or Westfield off the road but still taxed and insure them a month or a week at a time when I feel like using them.

This means I'll have to send the tax disc back for a refund, wait for the refund, send sorn off. Then when I want to drive it, I'll have to wait for the insurance cover note and troop down to the post office with all the docs and retax it - it's not like you can tax it for a month or a week!

No longer will I be able to look out the window and the weather forecast and go "ooh, it's nice out, I'll just phone the insurance company up and go for a nice drive" or "ooh, weekend looks great, I'll get the Lexus insured this weekend so I can tow the Westfield down for a trackday". I'd have to have them both insured all the time, which will add about £500 to my yearly insurance costs.

Utter ball ache. Probably sell the Lexus because of this and insure the Westfield all year round and forgoe the track days

Stupid government.

I strongly suspect insurers will come along with something that offers all the protection of TPFT but without the ability to actually drive the car. To cover this precise scenario. Therefore the net result to you will not be much at all. As presumably you were keeping it insured whilst "not in use" anyway in case someone nicked it or torched your garage or something.