The Acting Minister for Infrastructure, Brian Wightman, today welcomed the MAIB's decision not to increase premiums this year.

"This is fantastic news for all Tasmanian drivers and will help provide some financial relief for household budgets, and families wrestling with the cost of living," Mr Wightman said.

"This is also good news for our businesses, and economy as it will help relieve pressure on transport costs.

"The MAIB provides vital support for Tasmanians injured in road crashes, and as drivers, we all contribute through our compulsory premiums.

"It's pleasing to see such a crucial service continue, without any extra cost to Tasmanians.

"I am delighted that the MAIB has decided not to increase premiums even though they had been given approval to do so.

"Tasmania's motor car premium of $344 will continue to be the lowest of any jurisdiction offering no-fault benefits, and importantly, pensioners will continue to enjoy a 20% discount."

Mr Wightman said the Government is continuing to provide sustainable, long-term solutions to help Tasmanians tackle the cost of living.

"We want  to look after those most in need, which is why we set aside $5 million from the sale of TOTE Tasmania for a range of cost of living initiatives.

The Motor Accidents Insurance Board is a Government Business Enterprise that provides medical and income benefits, on a no-fault basis, to people injured in motor vehicle crashes.

Premiums are set by MAIB, within limits approved by the Government following a recommendation by the independent Economic Regulator.

For more information, visit www.maib.tas.gov.au.