Ever since the Insurance Regulatory and Development Authority (Irda) allowed motor insurance companies to decide premiums in December 2007, car insurance premiums have fallen sharply.

<tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>According to N Eswaranatarajan, head, motor insurance, ICICI Lombard General Insurance, &#34While car insurance premiums have come down by at least 30 per cent, two-wheelers and commercial vehicles have seen a 20 per cent drop.&#34
</p><p class='TableClas'>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 

Car premiums go 30% cheaper

PERSONAL FINANCE

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