||<p>Leading insurers have already, following publication of the Government’s consultation
in November, committed to pass on savings from the reforms to consumers through lower
premiums.</p><p> </p><p>Motor insurance is intensely competitive and insurance companies
will have little choice but to pass on savings or risk being priced out of the market.
The Government will monitor the industry’s reaction to the reforms announced on 23
February and will consider further action if required.</p>