2005 car insurance

Slightly over two years after effectively beginning to implement mandatory motor insurance, the number of motor vehicles with Third-Party-Liability (TPL) coverage against bodily injury claims has risen to levels drastically above those reached before 2003. According to best available assessments, vehicles with some form of insurance now number 800,000 to 900,000, or a good cut above 80% of the country’s estimated 1.05 million cars and trucks in circulation. As the number of insured motorists has more than doubled over the period, some of the worst fears of insurance industry leaders over inadequate premiums for the compulsory coverage seem to have mellowed. One particular worry in the industry had been that the government-stipulated premium range of $40 to $60 for a year of TPL insurance against bodily injury, although in the lower bandwidth of actuarial calculations, was still being undercut by some insurers willing to sell this insurance for as little