How much is carbon emissions tax going to cost vehicle owners?

We have recently added a blog post titled “CO2 Vehicle Emissions Tax, Double Cabs and Car Insurance” This provided some important insights on the history behind the recent announcement by the Treasury on the CO2 emissions tax and especially the intention to include double cabs in the definition.

The new carbon emissions tax, due to come into effect from 1 September 2010. This tax will be levied on the purchase price of any new car sold on or after the above date, at a rate of R75 per gram of CO2 emitted per kilometre, over and above 120 g/km of CO2 emitted.

A very important component of car insurance is the vehicle that you drive – and perhaps more important the value of that vehicle – or the cost of the vehicle as an insurable interest!

When we are searching for cheaper car insurance – we should keep in mind that the value of the vehicle plays an important role in calculating the car insurance premium. The more expensive to replace and repair that vehicle  – the more expensive the car insurance premium!!

So how will this CO2 emissions tax impact on the price of the vehicle to be insured?

I have come across an interesting story by Steven Jones on Moneyweb, and we would like to share some of his insights and especially the graphs quoted from Car Magazine. We would like to recognize as the source – CAR Magazine (August 2010 issue)

Related posts:

1. CO2 Vehicle Emissions Tax, Double Cabs and Car Insurance
2. Treasury delays CO2 emissions tax on double cabs
3. Insurer untertakes to include CO2 Emissions Tax in the settlement of total loss claims on new motor vehicles
4. What is the cost to change ownership of a vehicle from one person to another?
5. Cautious optimism for vehicle owners with release of SA Crime statistics
6. Many vehicle owners lie to find cheaper car insurance
7. Escalating petrol prices will force vehicle owners into review of insurance costs as well!
8. Many innocent vehicle owners pay for collisions into their parked cars
9. South African vehicle owners need to get a log book and write down the mileage!
10. Insured vehicle owners need a reality check about drunk driving

Tags: carbon tax, CO2 emissions, double cabs, environment, green tax, Treasury, vehicle prices

This entry was posted on Tuesday, August 24th, 2010 at 10:32 am and is filed under Car Insurance Advice, Car Statistics, Cheaper car insurance, General Information. You can follow any comments to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.