British Insurance Brokers’ Association Issues Statement on Electric Vehicle Bill

LONDON, England, July 19 -- The British Insurance Brokers' Association issued the following statement by Executive Director Graeme Trudgill on the Autonomous and Electric Vehicle Bill:

"We're pleased that the Bill has now been enacted. This legislation will enable the insurance industry to offer insurance policies that will provide cover for autonomous vehicles - whether being driven in a manual mode, or in a fully automated mode once the technology allows. Importantly this will lead to healthy competition in the insurance market as consumers will have the choice of where they buy their insurance and will not be tied to only having cover provided by their vehicle manufacturer."

"It's important that we are prepared well in advance of fully automated vehicles hitting the road and we welcome the opportunity that the Department for Transport has given to BIBA in being able to shape the legislation at an early stage."

"In its 2018 Manifesto BIBA had called for the relevant Bill to ensure competition provided choice in the purchase of motor insurance."