[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/smart-motoring.com\/latest-news\/car-insurance-shakeup\/#BlogPosting","mainEntityOfPage":"https:\/\/smart-motoring.com\/latest-news\/car-insurance-shakeup\/","headline":"EU proposes car insurance shakeup","name":"EU proposes car insurance shakeup","description":"Britain\u2019s car insurance industry could soon provide greater protection for consumers and increased standardisation across the industry after the EU announced a range of new proposals. If approved, the rules would standardise the format and application of insurance histories, as well as set minimum levels of cover in all EU countries. The five proposals announced by the European Commission include: Insurer insolvency If an insurance company goes out of business, insurance policies will still pay out. This protection is already […]","datePublished":"2018-06-04","dateModified":"2018-06-07","author":{"@type":"Person","@id":"https:\/\/smart-motoring.com\/author\/isabelle-lawrence\/#Person","name":"Isabelle Lawrence","url":"https:\/\/smart-motoring.com\/author\/isabelle-lawrence\/","identifier":30,"description":"Max Wheeler is a leading motoring journalist and classic car specialist at Smart Motoring, renowned for his sharp insight and infectious passion for all things automotive. With years of experience covering motoring news, supercars, and the enduring legacy of classic cars, Max brings stories to life with style and authority. Whether it\u2019s the roar of a Lamborghini, the elegance of an Aston Martin DB5, or the cultural impact of vintage motoring icons, he delivers expert commentary that inspires enthusiasts and collectors alike. Dedicated to celebrating the heritage and future of driving, Max Wheeler is your trusted voice for classic car news and beyond.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/8d331506e3c530b5ec4930c30a01ed8cc29b0537227573ae5da98f559e681401?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/8d331506e3c530b5ec4930c30a01ed8cc29b0537227573ae5da98f559e681401?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Smart Motoring","logo":{"@type":"ImageObject","@id":"https:\/\/smart-motoring.com\/wp-content\/uploads\/2024\/10\/smart-motoring_news_logo_g-e1765846726493.webp","url":"https:\/\/smart-motoring.com\/wp-content\/uploads\/2024\/10\/smart-motoring_news_logo_g-e1765846726493.webp","width":600,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/smart-motoring.com\/wp-content\/uploads\/2018\/06\/feature-image.jpg","url":"https:\/\/smart-motoring.com\/wp-content\/uploads\/2018\/06\/feature-image.jpg","height":520,"width":1200},"url":"https:\/\/smart-motoring.com\/latest-news\/car-insurance-shakeup\/","about":["BLOG","LATEST CAR NEWS"],"wordCount":313,"keywords":["eu","insurance","UK"],"articleBody":"Britain\u2019s car insurance industry could soon provide greater protection for consumers and increased standardisation across the industry after the EU announced a range of new proposals.If approved, the rules would standardise the format and application of insurance histories, as well as set minimum levels of cover in all EU countries.The five proposals announced by the European Commission include:Insurer insolvencyIf an insurance company goes out of business, insurance policies will still pay out. This protection is already in place in the UK, but it will now benefit motorists throughout the EU.Claims history statementsInsurance histories from all EU member states will be accepted and treated in a universal manner.Uninsured drivingIn the UK, it is illegal to drive without insurance, and proposals from the EU means that states will have greater powers to combat uninsured drivers and use number plate recognition systems to check the insurance status of cars from other EU countries – which is currently prohibited as a hindrance to free movement.Minimum amounts of coverAnother change will harmonise the minimum levels of cover EU citizens will experience across the EU. As it stands, cover levels differ across member states.ScopeThe EC wants to clarify what \u201cnormal use of a motor vehicle\u201d entails from an insurance perspective. That includes how claims should be handled for accidents that take place on private land, or in agricultural settings.Jyrki Katainen, the European Commission\u2019s vice-president for jobs, growth, investment and competitiveness, believes the changes would ensure the \u201csmooth functioning\u201d of the insurance industry \u201cfor the benefit of drivers and potential victims of motor vehicle accidents\u201d.The British Insurance Brokers\u2019 Association (BIBA) is onboard with most of the proposals but expressed concern universal insurance histories would \u201ccreate an administrative burden, [and] significant IT system changes\u201d, adding cost to a system \u201cthat already works well in the UK\u201d."},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Latest News","item":"https:\/\/smart-motoring.com\/latest-news\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"EU proposes car insurance shakeup","item":"https:\/\/smart-motoring.com\/latest-news\/car-insurance-shakeup\/#breadcrumbitem"}]}]