CHANGES MADE.
THIRD PARTY INSURANCE' PREMIUMS. (P.A.) WELLINGTON, May 30. The introduction of new third party insurance premiums for motor vehicles for the forthcoming licensing year was announced by the Minister of Transport (the Hon. J. O’Brien) today. The Minister stated that as a result of negotiations with insurance companies, the following changes would take place in premiums: The annual premium for motor cycles would be reduced from 16s to 15s; for business cars from 45s to 40s, and for hearses, ambulances and other miscellaneous classes from 15s to 12s. On the other hand it was regrettable that the accident claims record for taxis and omnibuses required an increase for taxis from £lO to £l2 10s, and for omnibuses from £5 (with a maximum of £6 12s to £6 (with a maximum of £7 12s). The premium payable by private motorists which was reduced last year from 16s to 15s remains unaltered. The Minister added that while it was regretted that premiums had to be increased in any class, this served only to emphasise that operators had the amount of premiums to a great extent in their own hands, namely by a greater exercise of care in avoiding accidents. The Minister also advised that a new insurance class had been created for workers contract cars for which the premium is 255. This class would apply to cars owned by workers who used, them for the carriage at a. small charge of their fellow workers employed at the same place in taking them to or from their place of employment. Formerly, although a compulsory insurance cover extended to all paying passengers who were injured due to the negligence of the driver, the insurance company concerned could, if the premium had been paid only as for a private car, have made a claim on the ear owner for any insurance paid out on his behalf. Under the new class, the owner might protect himself against this by paying the 10s additional premium due for the new class, provided that he definitely nominated his car in that class.
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Bibliographic details
Ashburton Guardian, Volume 65, Issue 195, 31 May 1945, Page 5
Word Count
345CHANGES MADE. Ashburton Guardian, Volume 65, Issue 195, 31 May 1945, Page 5
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