It is expected that the insurance premiums for automobile liability insurance, which is compulsory for those who own cars and motorcycles, will be reduced from the contract in April next year.
Compulsory automobile liability insurance is compulsory insurance for those who own a car or motorcycle in preparation for traffic accidents, and insurance premiums are reviewed annually based on the number of accidents and payment status.
According to people involved, the General Insurance Rate Calculation Organization, to which non-life insurance companies are affiliated, is considering lowering the insurance premiums for this compulsory automobile liability insurance from April next year.
The spread of safety technology such as automatic braking has led to a decrease in traffic accidents and a decrease in insurance payments. .
If compulsory automobile liability insurance premiums are lowered, it will be the first time in two years, and it is expected to be officially decided at the Financial Services Agency's council to be held in January next year.