According to the bureaucracy and the ALP state government lower speed limits make roads safer. If the roads are safer then it stands to reason there will be fewer accidents. If there are fewer accidents then there are fewer claims. If there are fewer claims then insurance premiums must drop. At the next renewal I will demand a reduction in my premium based on this argument. Insurance companies can’t keep charging these ridiculous high premiums when the conditions have changed. The bottom line is lower speed limits mean lower revenue and lower earnings for insurance companies.