... I fear that it will only encourage the other companies to raise their rates towards the “approved” companies rates and the whole Morgan community could end up paying more in years to come.
The insurance industry is extremely competitive, I don't see any reason to conclude that companies will decide to
increase their prices to compete!
Insurance has never been a factor in MSCC membership for me and I'm struggling to understand why people are getting so upset about this. In 17 years I've only used an MSCC-approved insurer - Heritage as it happens - for a short period. Neither Gott & Wynn nor Headly ever gave me a competitive quote.
There are many classic insurance companies out there after our business, I've been with RH for several years and they have been excellent. If the one in Miscellany doesn't quote you happy there are plenty of others.