Over the summer I reported on Mitsubishi working on an all electric mini car that would be competing in the Asian market. The i-MiEV was going to be a zero emissions, 100 mpg, electric car. These have been around for decades and they are more commonly known as golf carts. But I digress.
Mitsubishi has now announced that they are attempting to bring the i-MiEV to the US market, a full 18 months ahead of schedule. However, they do not intend for it to be competing on the same block that it is currently in the Asian market, meaning this little sled will be gas powered. Sorry 15 mile commuters, the Mitsubishi i-MiEV, if it makes it to the US early, will only be an electric hybrid and not a full electric car.
The implications of releasing the Mitsubishi i-MiEV gas vehicle in the US early is that it may be successful. If it does become popular you can probably kiss the all electric version good bye, unless you are doing your own car importing.
Even by luxury golf cart standards the current offering of the i-MiEV in Japan is expensive, expect MSRP to be around $16,000.
Let’s look at the difference between UK and US based car insurance policies. I’m looking at the giant elephant in the room when I note that either we are paying in dollars or lbs. When looking for a car insurance policy over seas, keep the exchange rate in mind, because it could make a big difference in your monthly premium. But let’s find out a way to see what UK car insurance companies have to offer.
Car insurance in the UK is much like the insurance market in the US, right now it’s a buyers market. Insurance companies are trying to come up with ways to win new customers and keep existing ones. Two the top car insurance companies in the UK right now, Direct Line and HSBC, both are offering some great incentives.
Direct Line car insurance promises protection in case you get in an accident with an uninsured motorist. This promise means that the accident will not affect your no claims discount. HSBC’s standard policies seem to be growing, where items of an insurance policy that used to be options are now standard. Take for example, New Car Replacement and options to protect your no claims discount.
Although there are some differences in car insurance policy requirements from the US and UK, there is one huge similarity. Any driver, in either country, are required by law to carry car insurance. This isn’t a suggestion, it’s the law, where if broken can mean you lose your license or risk having your car impounded. Furthermore, driving without insurance could have devastating consequences for your financial future. For more imformation on what insurance in the UK is all about, please read the UK Insurance Overview.