I don't know the figures on this, but is there really is a significant problem with damage to cars because of accidents caused by uninsured cyclists?
Let's say there is (which I doubt) and it amounts to claims of £100m per year. Wouldn't a better way to fix this be to mandate a small surcharge (say £1.50 per year for the
40m licensed vehicles in the UK) on the insurance premiums of cars to create a central claim pool? Any insurance claims for accidents caused by uninsured cyclists could be funded via this central pot, which all insurers could call on.
In general though, these sort of proposals fail when you stop to think about them.
The small problems are which vehicles do these apply to - bikes, scooters, e-scooters, hoverboards, skates, heels? If kids break the rules, who pays the fine? Parents? Which parent? Who goes to jail if they refuse to pay? And so on. Bikes need to checkable at a distance, like car registrations, so who does the checking? Is this how we want to our police to use their time? If no-one checks, a significant minority will not register or insure their bikes, and in any accident the cyclist will just leave the scene. So, the people you want to catch aren't affected, but the law-abiding are. And so on.
The big problem is that they run counter to what we need as a country:
- we need to incentivise active lifestyles (NHS costs, etc), not disincentivise them.
- we need to reduce waste (not incentivise people to junk their little-used bikes).
- we need to encourage kids to cycle to school to reduce rush-hour congestion.
- we need to reduce our dependence on fossil fuels.
- we need to keep costs of living down, not create new standing charges for people.