Colonial Insurance has no immediate plans to raise insurance rates following the new legislation that increases the size of cars in Bermuda.

The company will hold off any decision until it sees the impact of the legislation, under which the new class of cars can be 175 inches long and 71 inches wide.

While cars are getting bigger roads are not, sparking fears that these larger cars would cause insurance rates to rise.

BF&M Insurance Group would not comment and Argus Insurance could not be contacted. Colonial Insurance said it would not be raising its prices.

Peter Oliver, the executive vice president of collision property and casualty division at Colonial, said: "It is too early to say, we will look at the experience of the bigger cars. We will charge the existing rate and see if more claims are made."

Mr. Oliver said he was not aware what the other insurance companies were planning because each firm makes its own decisions.

He pointed out that it varied with each company.

"We haven't raised our comprehensive car insurance in a year, other companies have."

Many insurance companies have raised their rates by 15 to 25 percent in the last year due to the increased number of accidents on Bermuda's roads.

UBP Senator Leonard Santucci and Independent Senator Walwyn Hughes have expressed concerns over the safety of Bermuda's roads with these new larger cars.

Sen. Hughes has questioned whether the roads will hold the increased weight of the cars.