Biba challenges Transport Select Committee report
The British Insurance Brokers’ Association (Biba) has warned that suggestions from the Transport Select Committee for the insurance industry to reduce premiums for novice drivers could lead to increased premiums for claim-free drivers.
In response to the Committee’s report on ‘Novice Drivers’, Graeme Trudgill, BIBA technical services manager, commented: ”Biba believes it is only fair that the higher cost of claims caused by young drivers is reflected in their premiums. Claim-free drivers should not be penalised because of reckless youngsters. BIBA believes in a fair system of risk-based pricing.
“Suggestions from the Transport Committee today that the insurance industry should consider reducing premiums for novice drivers
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