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SMMT: 'Reward secure trucks'
Page 13
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M The Society of Motor Manufacturers & Traders says It will keep taking to the Insurance industry in a bid to persuade It to Introduce a security grading system to reward anti-theft features on new trucks. Several of the truck manufacturers have invested heavily to make their trucks harder to break into, but have not so far been rewarded with increased sales.
"Some manufacturers have spent a lot of money to make their vehicles more thief-proof and even have Thatcham approval—but at the moment there is no Incentive for the others to invest the money because insurance companies don't currently recognise any difference and set insurance premiums accordingly," says SMMT spokesman Robin Dickeson.
"We have already held talks with the insurance industry and we will be having some more," he adds. "At a time when the cost of Insurance Is a big issue in every walk of life It makes sense to recognise those who are doing the most to reduce the risk of theft with reduced premiums."
The WATT wants Insurers to introduce a scheme similar to that already In use wtth cars. Every new car is glven an insurance group which Is partly based on hew easy It is to steal.
During the nineties, car manufacturers who invested in Improving their cars' security features were rewarded by Increased sales from buyers keen to take advantage of cheap insurance—it seems likely that trucks with reduced premiums would be tempting to operators who are desperate to reduce their insurance costs.