A Better Reason to Insure Your Vehicle
Many people are asking why they should pay for insurance when so many people are driving without it. The actual number of uninsured motorists is something like 1 in 10.The amount of fatalities per year, due to uninsured motorists, is nearly four per week, according to The Times. Yet uninsured drivers are not being fined as much as in years past, the rate has actually decreased something like 17%.
“It is ridiculous that, while you can be fined Ј1,000 for not buying a TV licensee, uninsured drivers can cause thousands of pounds of damage and get away with pathetically small penalties.” Many insurance companies are attempting to fight this, on your behalf. In fact having a safe driving record could save you up to 20% in premiums. The government has also declared that all uninsured drivers will have their vehicle seized and crushed. We saw the truth of this matter as of 2007, when an average 450 cars were seized per day. But let’s speak about the many benefits of having insurance and some of the things many companies are doing to help you and I daily.
First and foremost, the industry supports the economy, it is the largest in all of Europe, third largest globally. The UK insurance industry employs some 340,000 people in the country, controls 17% of investment in the stock market, here in London and spends roughly Ј2 billion per year in healthcare.
The fact that people have actually insured their vehicles has halved the crime rate in relation to vehicle theft in the last decade. Insurance lobbyists have pushed the government to allotting Ј1.7 billion per year in flood relief programs.
Some may think it’s not necessary to go totop insurance companies to insure vehicles for young fellas, especially when the fine for being an uninsured driver is so lax, and is proposed to be reduced to a mere Ј50, which has several people outraged. A majority of people wish for the penalty to be a much steeper fine, something along the lines of Ј900, nearly quadruple the current fee. But thinking of the good things that come out of being insured it may be better to just let the government take things in stride, after all.
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