Auto Insurance Premiums Top W10 Trillion

When a car is expensive, its insurance is also expensive. Auto insurance companies in Korea discovered that their annual sales break totals to 10 trillion won. It is due to Korea’s increase of expensive and imported cares. For 2007, car insurers made 10.8 trillion won in insurance premiums. This amount is equivalent to an increase of 11.8% from the previous year. To surpass 10 trillion won per annum is a milestone for the auto insurance company, and we can expect that auto insurance companies would promote buying expensive luxury cars to consumers.