Could motor insurance costs fall due to van sector self-regulation?

April 12, 2010  Written by Jeffrey Nelson  


Self-regulation in terms of vehicle safety and maintenance should be encouraged, a leading group has claimed, which could lead to a fall in motor insurance costs.

The Freight Transport Association (FTA) is calling for the industry to implement serious self-regulation in order to boost these areas, as well risk assessed operating methods and driver behaviour.

Richard White, the group’s van project leader, has highlighted the fact that the sector has a number of proven van working practices already in place.

He explained: “Using that knowledge and having formalised an agreed code of conduct, it is now a question of getting accord from all van operators, large and small.”

Mr White emphasised the FTA’s commitment to the code and its predictions that this will set the standards for working practices.

A new code of practice for road works has been heralded as reducing the inconvenience facing car insurance holders.

Sadiq Khan, transport minister, has claimed that this will apply to those companies digging up road surfaces.

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