Driving Records to go online

Hang on.

BBC News said:
Drivers will be able to leave the paper sections of their licence at home from 2015
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Wasn't aware that this was currently a requirement? I certainly don't carry the paper counterpart around with me...

BBC News said:
The Association of British Insurers says premiums are pushed up by the fact that firms have to take account of the risk that drivers either do not tell the truth about speeding points to get a lower quote, or simply make a mistake.
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I'm confused, so they spike the cost of policies to account for increased risk in case someone has "forgotten" to declare points they had at renewal. Surely the insurance would be deemed invalid if, in further investigations after a crash, it transpired that the policyholder had lied about their points when taking out the policy, therefore they wouldn't be paying out and it would in turn be cheaper for them?
 
Voxination said:
I'm confused, so they spike the cost of policies to account for increased risk in case someone has "forgotten" to declare points they had at renewal. Surely the insurance would be deemed invalid if, in further investigations after a crash, it transpired that the policyholder had lied about their points when taking out the policy, therefore they wouldn't be paying out and it would in turn be cheaper for them?
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Did you just try and apply logic to explain insurance premiums?
 
Voxination said:
I'm confused, so they spike the cost of policies to account for increased risk in case someone has "forgotten" to declare points they had at renewal. Surely the insurance would be deemed invalid if, in further investigations after a crash, it transpired that the policyholder had lied about their points when taking out the policy, therefore they wouldn't be paying out and it would in turn be cheaper for them?
Click to expand...

That's the theory, but I've always had suspicions that it doesn't actually work that way. I've heard of plenty of people getting pulled up for not declaring stuff, and unless it's something really serious, insurers just seem to demand the extra premium that they'd have had to pay if they had to declare it, and then pay out, which is probably why people don't declare stuff.

I've never once heard of an instance of someone's policy not paying out because they didn't declare a low level offence.
 
geekman said:
That's the theory, but I've always had suspicions that it doesn't actually work that way. I've heard of plenty of people getting pulled up for not declaring stuff, and unless it's something really serious, insurers just seem to demand the extra premium that they'd have had to pay if they had to declare it, and then pay out, which is probably why people don't declare stuff.

I've never once heard of an instance of someone's policy not paying out because they didn't declare a low level offence.
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Exactly this. It's actually quite easy to forget random things, too. I went to renew my car insurance before Christmas and got pulled up for not declaring an accident, and debated it on the phone for quite a while. I had completely, totally forgot that somebody ran in to the side of me a year earlier!
 
Voxination said:
Wasn't aware that this was currently a requirement? I certainly don't carry the paper counterpart around with me...
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I'm still on an old fashioned fully paper licence, but seem to recall it being some type of minor offence to not carry your licence.. before it was all so high tec, Police used to give you a 'producer' at the roadside, which basically meant you have to attend a police station with licence and insurance certificate.

Maybe that law still applies, although pointless and out dated as the police can check all that stuff online before they even pull you over.
 
If you had no license and no other form of ID on you you'd have to produce it in x days if stopped.

They can check the car, who it's registered to etc but if they have no other way of knowing you are who you claim if you have no id
 
Voxination said:
Hang on.



Wasn't aware that this was currently a requirement? I certainly don't carry the paper counterpart around with me...



I'm confused, so they spike the cost of policies to account for increased risk in case someone has "forgotten" to declare points they had at renewal. Surely the insurance would be deemed invalid if, in further investigations after a crash, it transpired that the policyholder had lied about their points when taking out the policy, therefore they wouldn't be paying out and it would in turn be cheaper for them?
Click to expand...

They would probably invalidate your insurance so you would get nothing for your own car on fully comp (in significant case of mis-declaration, and probably only in the case of significant cost involved)

However, Insurers are forced to still act as if valid insurance was in place in regards to all other parties, the Insurer then comes back to you directly to legally start to look to recover their costs.
 
Voxination said:
Hang on.



Wasn't aware that this was currently a requirement? I certainly don't carry the paper counterpart around with me...



I'm confused, so they spike the cost of policies to account for increased risk in case someone has "forgotten" to declare points they had at renewal. Surely the insurance would be deemed invalid if, in further investigations after a crash, it transpired that the policyholder had lied about their points when taking out the policy, therefore they wouldn't be paying out and it would in turn be cheaper for them?
Click to expand...

Third party liability is still present. They then have to pay to chase you to recover costs, and I would put a lot of money on the fact that many of those claims get sold off to a debt collection company, losing the insurance company money; thus they cover for it.

Don't suppose it's time to trot out the old 'UK Insurers actually lose money on claims paid out vs money taken in for premiums' fact is it?
 
With the DVLA involved I wouldn't be surprised if we don't see horror stories about people having ghost points put on.

This all goes to show how much influence insurers have with the government, allowing access to this information.
 
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