Richard Burden – 2014 Parliamentary Question to the Department for Transport

The below Parliamentary question was asked by Richard Burden on 2014-06-10.

To ask the Secretary of State for Transport, if he will commission an assessment of the Australian Compulsory Third Party Insurance system, through which premiums are paid as part of vehicle registration for its potential applicability in the UK.

Mr Robert Goodwill

No. It is sometimes suggested that a system of centrally funded third party insurance could be introduced in this country. However, insurers have said that a change to such a system would lead to a general increase in premiums, especially for the more careful driver.　 This is because under such a system a vehicle would have to be insured for all possible drivers, including those considered to be in high risk categories.