Car premiums go 30% cheaper

PERSONAL FINANCE

According to N Eswaranatarajan, head, motor insurance, ICICI Lombard General Insurance, "While car insurance premiums have come down by at least 30 per cent, two-wheelers and commercial vehicles have seen a 20 per cent drop."

For instance, in March 2007, the premium for a Honda City was Rs 20,760 in Mumbai. But this year it has fallen to Rs 15,770