Spoke to the accountants and the insurance shark in this family - we have at least one member in each profession!
(I am just lowly BiB in family of intellectual high-fliers!
)
The financial wizzes think that this will be difficult to administrate and ultimately cost more than it does at present. Fuel costs will rocket - and the forensic accountant sees fraud everywhere with this. Unscrupulous garage owner could siphon funds in the accounting system for a start. Lots of small petrol stations in rural backwaters. Also - higher cost of fuel will be passed on to goods, services, taxi and bus fares - so we end up paying for it again. :rolleyes:
Those who do not use cars much and thus use less fuel - may not have paid enough inusrance dosh over to fund the third party bit of their accident . So frequent users will pay for insurance costs of those who hardly use their cars. :rolleyes:
And we all know this government (and the rest ) "Rob Peter to pay paul"
The insurance fund will go into melting pot and be used to fund all government expenditure. Same if funds went to the insurance companies. It would be swallowed somewhere. And these businesses will want to retain their profit margins.
Cannot see this as workable - though acknowledge we need to do better. Perhaps Andy's idea of replacing licence plate annually with relevant data displayed on it - excpet that will not help those who want to spread overheads such as tax, insurance and MOT bills over the year. We do this with the old classic gals.
Or just a simple disc with chip - which our vans, and cars can pick up on patrols.
Think teabelly has right approach on this!
Speaking as BiB - dunno what figures my old patches get these days - as pratnership areas - but do know we do manage to pull significant number here on routine stops. Mix of ANPR and trafpols can help reduce - plus training incentives to lower insurance costs.
And then you will get the fill up and runs from the fore court - and these would rocket from joyrider and underclass brigade who then run around without paying anything just the same!
Still with teabelly's post here!