§ Lord Tebbitasked Her Majesty's Government:
What is their estimate of the extra annual cost to motor vehicle insurers of the Road Traffic (NHS) Charges Act; and what percentage that represents of the total cost of premiums paid by motorists for insurance. [HL1883]
§ The Parliamentary Under-Secretary of State, Department of Health (Baroness Hayman)The estimated additional cost to the insurance industry of the introduction of the new scheme of collecting National Health Service charges following road traffic accidents is between £97 million and £137 million in England.
Based on figures published by the Association of British Insurers, which show the total amount spent on insurance premiums in the United Kingdom to be £7.5 billion per year, this sum represents around 2 per cent. of the total costs paid by motorists for insurance.