The only insurance required here is liability.  So, in NZ, if a drunk 
destroys your vehicle and kills your wife with his car, and he has 
neither liability insurance nor resources, where will you turn for 
compensation?  Just askin'............ .

Financial responsibility is a part of affording to own and operate a (or 
eight) vehicle(s).  Not moral preaching, just a societal necessity.

Dave Mc

On Wed, Dec 16, 2009 at 3:33 PM, Andrew Grebneff wrote:

>>  Yeah, at $300 a month for insurance I would be paying out the total 
>> cost
>> of my 1.8 inline 84 in just ten months!  Fer gid it!
>
> This is what happens whan insurance is legally required. Pricejacking,
> which is probably illegal there (it is here) nevertheless happens...
> captive market, so no real need for insurance companies to compete.
>
> What about someone who owns EIGHT cars, as my wife and I do??
>
> In New Zealand insurance is NOT mandatory and I wouldn't have to pay
> that much for a YEAR's insurance. Third-party (liability) cover is
> recommended but not required. Please don't yap back about moral
> obligations etc... just see what you guys have to put up with and
> think again. Most people NEVER have a serious accident (which most
> certainly doesn't mean they are good or safe drivers!).
>
> Of course mandatory insurance will be introduced here eventually...
> which will be major a step (leap) in the wrong direction.
>
> -- 
> Regards
> Andrew Grebneff
> Dunedin
> New Zealand
> Fossil preparator
> Mollusc, Toyota & VW van fan