There has been a very interesting development regarding car insurance that was announced today.
The Royal Automobile Club of Western Australia (RAC WA) have announced that from now on it will only insure or finance cars that have been rated by the Australasian New Car Assessment Program (ANCAP) and awarded an ANCAP safety rating of either 4 or 5 stars.
The announcement applies to cars manufactured in 2012 and beyond and aims to encourage car buyers to check the ANCAP safety ratings before purchasing a new car because the RAC WA believes that when policy holders are driving safer vehicles there will be a significant effect on the road toll.
Whether or not this decision will be adopted by other insurers is yet to be seen but if it is we could see some Asian manufacturers disappear from the Australian market.