But when that stops happening, the cost of insurance, or total premiums being brought in, is not going to go up.

"High premiums are not going to stop young people from driving," he said.

"Even if the premiums are going down or stabilizing, nobody can say they know exactly why."

If you take public transportation instead of driving to work, your premium will go down.

But loans cannot be taken out on term policies, which have no cash value because the premiums go only for insurance.

These premiums go into a bank insurance fund that is already short of money.

She added: "When premiums were going up, that was fine.

In 1999 and 2000, premiums went up by 25pc each year.

They say 80 percent of the state's drivers would see their premiums go down.

The premium went to weaponry, and some of it was formidable.