this post was submitted on 13 Apr 2025
34 points (94.7% liked)
Aotearoa / New Zealand
1809 readers
40 users here now
Kia ora and welcome to !newzealand, a place to share and discuss anything about Aotearoa in general
- For politics , please use !politics@lemmy.nz
- Shitposts, circlejerks, memes, and non-NZ topics belong in !offtopic@lemmy.nz
- If you need help using Lemmy.nz, go to !support@lemmy.nz
- NZ regional and special interest communities
Rules:
FAQ ~ NZ Community List ~ Join Matrix chatroom
Banner image by Bernard Spragg
Got an idea for next month's banner?
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Mandatory insurance is a recipe for disaster. Compare the cost of insurance in countries where it is mandatory to the cost here, and you will notice that ours is some of the cheapest in the world.
If you give private companies a captive market, prices will go up.
By any chance do you know which countries have mandatory third party car insurance? I'd like to find out a bit more
UK and some US states do. Maybe Australia?
Ah thanks I'll read up on it a bit later.
Insurance costs for new drivers in the UK are notoriously high, especially young men, to the point where insurance can be more than the cost of the vehicle.