CAR owners will save $26 a year on their registration bills from December after a decline in insurance claims for injuries sustained on Tasmanian roads.
Infrastructure Minister David O'Byrne will announce today that the government has accepted the Tasmanian Economic Regulator's recommendation to cut MAIB's premiums by 7.4 per cent.
"This is great news for all Tasmanian drivers and will help provide some financial relief for household budgets, and families wrestling with the cost of living," Mr O'Byrne said.
The MAIB premium is the largest component of vehicle registration bills. It provides a compulsory third party scheme of no-fault and common law benefits to people injured as a result of motor accidents.
In 2011-12, 2707 claims - or 5.77 claims per 1000 registered vehicles - were made to MAIB. This was down from 2977 (6.42 per 1000) in 2010-11 and 3367 (or 7.63 per 1000) in 2008-09.
Mr O'Byrne attributed the drop in claims to significant investment in road safety and better driver behaviour.
The premium for a motor car from December 1 will reduce from $344 to $318 a year.
"These reductions come on the back of a decision not to increase premiums in 2012, despite a Prices Oversight Commission order allowing a 4.3 per cent increase."
MAIB premiums are already the lowest for a combined no fault/common law scheme in Australia.