...I can see that their club approved insurer has rates MUCH higher than me, so looks like I can jack up my rates by 10%/20%/30% and still be competitive. If all insurance companies take a similar stance, (and why not…) then rates would rise for all Morgan owners.
"Why not?" Because that would constitute price-fixing and liable to severe penalties under the Competitions Act (1988), would be my guess.
Having been involved in commercial supply and purchasing from well before the Act, and still am, trust me it still happens regardless of the law and even most Co's published policies, very occasionally some group will be found out and get a spanking plus a fine, but price fixing, quote sharing and reverse bidding is shockingly prevalent
