Australian Politics Forum - Financial Mental Health

Bias_2012

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Financial Mental Health
Sep 20^th, 2019 at 3:40am

Who is the safest motorist - A motorist who has never made a claim against their Greenslip insurance throughout their entire motoring life up to the point when they either handed in their driver's license in or it was taken away from them because they were too old and deemed unfit to carry on driving on public roads ..... OR ..... A motorist who has claimed, once or more times, against their Greenslip insurance?

The answer to this question will be posted later. If in the meantime you attempt to give an answer, please stay on-topic

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Bias_2012 Gold Member Offline Australian Politics Posts: 10305 Gender:	Re: Financial Mental Health Reply #1 - Sep 21^st, 2019 at 11:14pm Well of course, as you may have guessed, the safest motorist is the one who has never made a claim during their entire motoring life. And this raises another question: Should a safe motorist who has never had to claim a Greenslip insurance payout be rewarded for their safe driving over all those years?
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Bias_2012

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Re: Financial Mental Health
Reply #2 - Sep 27^th, 2019 at 5:52am

Bias_2012 wrote on Sep 21^st, 2019 at 11:14pm:

Should a safe motorist who has never had to claim a Greenslip insurance payout be rewarded for their safe driving over all those years?

It's a question some might find difficult to answer, others might find it easy

I find it easy to answer because I've put the effort into driving safely and did an advanced driving course at my own expense to make me more skillful on the road, not faster, just more skillful. Fast usually means speeding, and that's not safe driving. But anyone can be a safe driver by driving according to conditions, staying well within speed limits, and exercising a great deal of anticipation and concentration

My answer is in the affirmative, safe drivers should be rewarded if they never make a Greenslip claim. To drive safely over a period of about 60 to 70 years is no mean feat, a driver can and does cop abuse at times from other motorists. A safe driver will keep their cool in all circumstances and not be deterred from the concentration needed to continue being safe on the road. If you fit this profile, you deserve every praise, and I would be the first to say you should be rewarded

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Bias_2012

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Re: Financial Mental Health
Reply #3 - Oct 3^rd, 2019 at 9:28pm

This topic raises quite a few questions, for example: What sort of reward does a safe driver deserve?, and: Should a safe driver pay for the damaging consequences of unsafe drivers who make Greenslip claims?

The socialistic view is that the safe driver must pay for the unsafe drivers' damage because the Greenslip system won't work otherwise. But in this selfish scenario, there is no reward for driving safely, and there's no thank you or reward for the safe driver paying for the unsafe drivers' damage

So who is more important, the safe driver, or the unsafe driver?. Who should be given priority for accolades and rewards? It goes without saying - the safe driver

In order to promote safe driving, the safe driver should be applauded and rewarded. Applauded by all other motorists, and rewarded by the politicians and the Greenslip Insurance companies, by handing back half their Greenslip premiums, if they never made a claim

If drivers knew they were going to receive $14,000 at the end of their motoring life, if they haven't made claims, they might just concentrate on their driving and make a point of being safe drivers

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Bias_2012

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Re: Financial Mental Health
Reply #4 - Apr 2^nd, 2020 at 12:50pm

Huge falls on Australia's toll roads amid COVID-19 crisis

For our free coronavirus pandemic coverage, learn more here.

By Tom Rabe and Patrick Hatch
April 1, 2020 — 1.12pm

"Traffic on Australia's toll roads have fallen dramatically amid the COVID-19 health crisis"

https://www.smh.com.au/national/huge-falls-on-australia-s-toll-roads-amid-covid-...

Do you suppose the Greenslip insurance companies and State governments would reduce the premiums significantly next time we have to pay for Rego? During this Coronavirus scare, the risk of road accidents has almost dropped to zero, so our premiums should be slashed by half at least

We need every penny we can get these days, why throw it away letting greedy insurance companies and dictatorial governments put it in their pockets?

Premiums are calculated on "risk", so for the duration of this virus when the risk of vehicle accidents is very low, so should the premiums be very low

It's strictly business, emotional feelings shouldn't come into it, while we are not using the roads anywhere near as much as we were before the virus, it stands to reason that we are not requiring the same high premiums as before

A discount is in order for our next premium, and any premium after that while the state of emergencies are in effect

Scroll down a bit in the link to see a really great video of how quiet Sydney CBD is

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The_Barnacle Gold Member Offline Australian Politics Posts: 6205 Melbourne Gender:	Re: Financial Mental Health Reply #5 - Apr 2^nd, 2020 at 3:31pm Not being from NSW I had to look up what greenslip insurance was. Your posts seem to indicate that you don't understand how insurance works. Premiums are calculated on long term risk. Having quiet roads for 6 months is barely a blip in the long term scheme of things
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greggerypeccary Gold Member Offline Australian Politics Posts: 131477 Gender:	Re: Financial Mental Health Reply #6 - Apr 2^nd, 2020 at 3:37pm Bias_2012 wrote on Sep 20^th, 2019 at 3:40am: Who is the safest motorist - A motorist who has never made a claim against their Greenslip insurance throughout their entire motoring life ... What's Greenslip insurance?
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Bias_2012

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Re: Financial Mental Health
Reply #7 - Apr 2^nd, 2020 at 8:05pm

The_Barnacle wrote on Apr 2^nd, 2020 at 3:31pm:

Not being from NSW I had to look up what greenslip insurance was.

Your posts seem to indicate that you don't understand how insurance works. Premiums are calculated on long term risk. Having quiet roads for 6 months is barely a blip in the long term scheme of things

So you stick up for the insurance companies before you consider your own bank account or anyone elses' bank account? We should not pay any more than what the risk tells us we should pay

Insurance works only if there are many more safe drivers than bad drivers, but all those safe drivers are penalized while the bad drivers are rewarded. Under compulsory insurance, the safe drivers deserve recognition and a partial refund at the end of their motoring life if they never made a claim. Everyone knows I'm right about this but false pride and fear prevents them from saying so

How do you know that it will be just 6 months of quiet roads?

"barely a blip in the long term scheme of things" What a laugh, the long term scheme of things is for insurance company CEOs to live high and mighty along with their shareholders at our expense. Where ever they can get an extra quid, they will get it, and they're getting it now by way of paying out hardly any pay-outs. They win, we lose

The premiums should be proportionate to the risks while ever the roads are quiet. How about the insurance companies give us a discount on our next premium.

Your post indicates that you don't understand risk assessment, nor do you understand that we shouldn't pay for what we don't receive. We shouldn't pay for high risk when the current situation is low risk

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Jasin

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Re: Financial Mental Health
Reply #8 - Apr 3^rd, 2020 at 10:39am

Bias_2012 wrote on Apr 2^nd, 2020 at 8:05pm:

The_Barnacle wrote on Apr 2^nd, 2020 at 3:31pm:

Not being from NSW I had to look up what greenslip insurance was.

Your posts seem to indicate that you don't understand how insurance works. Premiums are calculated on long term risk. Having quiet roads for 6 months is barely a blip in the long term scheme of things

So you stick up for the insurance companies before you consider your own bank account or anyone elses' bank account? We should not pay any more than what the risk tells us we should pay

Insurance works only if there are many more safe drivers than bad drivers, but all those safe drivers are penalized while the bad drivers are rewarded. Under compulsory insurance, the safe drivers deserve recognition and a partial refund at the end of their motoring life if they never made a claim. Everyone knows I'm right about this but false pride and fear prevents them from saying so

How do you know that it will be just 6 months of quiet roads?

"barely a blip in the long term scheme of things" What a laugh, the long term scheme of things is for insurance company CEOs to live high and mighty along with their shareholders at our expense. Where ever they can get an extra quid, they will get it, and they're getting it now by way of paying out hardly any pay-outs. They win, we lose

The premiums should be proportionate to the risks while ever the roads are quiet. How about the insurance companies give us a discount on our next premium.

Your post indicates that you don't understand risk assessment, nor do you understand that we shouldn't pay for what we don't receive. We shouldn't pay for high risk when the current situation is low risk

You're right there Bias. Maybe after this Chinesevirus going viral dies down. We might be re-imbursed the low risk period of hardly anyone on the road, etc.

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AIMLESS EXTENTION OF KNOWLEDGE HOWEVER, WHICH IS WHAT I THINK YOU REALLY MEAN BY THE TERM 'CURIOSITY', IS MERELY INEFFICIENCY. I AM DESIGNED TO AVOID INEFFICIENCY.

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The_Barnacle

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Re: Financial Mental Health
Reply #9 - Apr 3^rd, 2020 at 3:19pm

Bias_2012 wrote on Apr 2^nd, 2020 at 8:05pm:

The_Barnacle wrote on Apr 2^nd, 2020 at 3:31pm:

Not being from NSW I had to look up what greenslip insurance was.

Your posts seem to indicate that you don't understand how insurance works. Premiums are calculated on long term risk. Having quiet roads for 6 months is barely a blip in the long term scheme of things

So you stick up for the insurance companies before you consider your own bank account or anyone elses' bank account? We should not pay any more than what the risk tells us we should pay

I'm not sticking up for anyone, I'm just explaining how it works in the real world.

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