The number of uninsured motorists has been rising and BIBA, working with the Motor Insurance Bureau seeks to reduce this trend as the cost of compensation and damages resulting from accidents caused by uninsured drivers is paid for from the premiums of law abiding motorists.
The world of motor insurance is extremely complex, so always talk to an insurance broker. As an independent expert, they will help you decide what sort of cover you need, and choose the right insurer to meet your requirements at the most reasonable cost.
An insurance broker will put your interests first. They work for you, not the insurance company. So you can be sure of impartial advice at all times, a choice of the products available, and a helping hand.
They require an innovative approach to insurance protection, covering the traditional elements of motor insurance, and also product liability while in full autonomous mode to ensure that those involved in collisions are compensated promptly and fairly. BIBA has been in close dialogue with the Department for Transport and formed a sub-committee of its Motor Insurance Panel to consider
issues surrounding insurance for autonomous vehicles.
Andrew Jones MP, Transport Minister
Over the next few years advances in driverless vehicle technology will have a profound effect on transport, with the potential to deliver even safer roads and improve people’s journeys.
The Government is determined that Britain leads the way globally in embracing its safe development and have consulted with the
insurance industry and the public so that these vehicles can be insured properly. We look forward
to working with BIBA to help deliver a new motor insurance model for automated vehicles.”
The biggest change that brokers will need to make is to start collecting driver licence numbers when quoting. Undergoing a licence check with MyLicence is not compulsory for policyholders, however some insurers may choose not to offer cover if a driving licence number is not supplied as they may suspect fraud.
BIBA produces a quarterly magazine, The Broker, which aims to give members of BIBA and relevant stakeholders information and insight about BIBA membership, initiatives and campaigns.
Helping your constituency with insurance matters
Whatever type of insurance you need to find, BIBA can connect you with a broker who can help. Please access the online search below or call our Find Insurance Service on 0370 950 1790.
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