Despite increasingly confusing literature with our rego renewal paperwork there isn’t actually any competition in the compulsory third party market yet.
The increasingly active Alistair Coe (Liberal for those of you who haven’t had the pleasure) is asking questions about what the hold up is:
“Given third party insurance is mandatory for every registered vehicle in the ACT, it is important Canberrans have the freedom of choice.
“I’m concerned excessive red tape is making it difficult for insurers to register as suppliers of the product. Canberra drivers are already paying more than ever to pay back ACT Labor’s deficits. The least Jon Stanhope can do is offer a competitive choice for compulsory third party insurance”.
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He does have a point.