i dont see why car enthusiasts and owners clubs dont band together and make thier own insurance company... doing insurance thats half what it is with anyone else.
i mean lest crunch some numbers here...
there are over 10million cars in the uk that belong to an owners club.
each of these clubs have on average, 1000 members (some lower, some much much higher)
each of these members pays through the nose for insurance due to their mods....
if someone offered you insurance on your 1.3 micra, you aged 17, wheels, suspention and exhaust mods for £500 a year.... would you take them up on it?..
of course you bleeding would.... and so would the other 10million modded car owners..
and if a death occours and legal costs are needed paying.......... i am sure that 10million x on average £300 would quite easily cover it, and the vehicle repairs / replacements...
no marketing needed,
no selling off your details to claims companies,
no one fixing prices so that you appear "competative" of comparison sites,
no heafty renewal quotes
no discrimination for men or women
no discrimination for post code (car crime is everywhere regardless of post code)
no one could resist cheaper insurance......
whats stopping anyone from doing this?