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Should third-party insurance rates be reviewed
The article addresses the issue of rising third-party insurance costs for vehicles, emphasizing that the problem is not in the obligation itself but in the increased expense, which has become a burden on low-income individuals and those who rely on their cars in daily life. It highlights the importance of reviewing and balancing insurance prices to ensure they are affordable for people without harming insurance companies, while also promoting competition and transparency in pricing, linked to the driver’s record and risk level. The aim is to achieve effective coverage at affordable prices to maintain mandatory compliance and community safety.
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