Updated: 05/08/2014 02:03

Huge falls in COE premiums as quotas increase



Huge falls in COE premiums as quotas increase

Larger COE quotas which kicked in this month have resulted in huge falls in premiums for most categories. 

The premium for Category A cars saw a fall of $11,300 to $60,002.

The premium for bigger and more powerful cars fell $5,000 to $70,000. 

Open category COEs fell some $8,300 to $65,500.

Motorcycle COEs fell $500 to $4,000.

The only exception - commercial vehicles - which saw the premioum rising $3,400 to $36,300.

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