Premiums for Mandatory Auto Insurance to Be Lowered By 20% in April

Dec. 30--TOKYO -- The government has decided to lower premiums for compulsory automobile liability insurance on all types of vehicles by an average of around 20 percent in April, the first decrease in 11 years, informed sources said Sunday. The decision stems from a decline in the number of accidents and favorable investment returns on premiums, they said. The Compulsory Automobile Liability Insurance Council, an advisory panel to the commissioner of the Financial Services Agency, will discuss details of the plan, such as the margin of premium cut, in January, the sources said.....

We are unable to display this entire news item because this article's licensing expires after a certain amount of time. This article was originally published by Kyodo News International, Tokyo and it may be available at their website. Sorry for the inconvenience.

Car Insurance News: Premiums for Mandatory Auto Insurance to Be Lowered By 20% in April...Get an auto insurance quote!