Quote Originally Posted by wbute View Post
The more I think about the risk thing the stupider it seems. So you take the Sandman out for a drive once a month it's hardly a risk. Right I get that. You take the Hilux to work every working day it's a higher risk. I get that. Explain this to me. Isn't the same person driving both cars? They were on the road driving them 100% of the time?
The DRIVER is the risk. Not the car. The driver should have the third party personal insurance. Not the car.
I agree with that 100%, but you'll never see it happen, the insurance companies will get less revenue as premium payments.

Basically the insurance game is a big con, especially CTP.

Think about this for a moment:

In the 60s & 70s we had the worst road toll numbers (per capita) in the world. In NSW we regularly saw well over 1100-1200 road deaths every year. Injury numbers were also horrific. The average everyday car in those days, was crap, no seatbelts, lousy brakes & no real safety features to speak of. The roads were fewer & were also crap. Yet the CTP component of rego was so small it wasn't even noticed.

Now look ! The cars are infinitely safer & superior in many ways. The roads, especially inter-capital freeways, are light-years ahead of what we had back then. The road toll has now reduced considerably, it's some thing like 300 nowadays, even though the number of cars & drivers has increased by a huge number in that same timeframe.

So the big question is why are the CTP premiums so high ? They only cover personal injuries, which as I've pointed out have reduced somewhat. CTP is now so high, they offer 3 & 6 month regos. I know of many people who take out loans just to cover their yearly rego hit.

Dr Terry