Motor insurance prices in Turkey increased by an average of 140 percent

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Motor insurance prices in Turkey increased by an average of


In Turkey insurance Prices have increased by an average of 140 percent, and the number of uninsured vehicles in traffic has increased tremendously.

Despite breaking records It is quite difficult to own a car in Turkey.In addition to fuel, the lucky people who can own a vehicle, big expenses are incurred. For example Located in Milliyet According to the news, those who had automobile insurance for 15-20 thousand liras in this period of last year say that this figure has increased to 70 thousand liras now. Commenting on this Turusan Bağcı, President of the Consumer Confederation Insurance Commission (TÜKONFED), used the following statements:Compared to last year prices have increased by an average of 140 percent.. In some models, there is an increase of 100 percent, in some models 200 percent or even 300 percent. The brand, model and part price of this vehicle are determined by considering criteria such as workmanship. Because part of a luxury vehicle is more expensive more insured than standard cars. We can say that there is an increase of 100-140 percent in standard vehicles. Especially in car spare parts, an increase of nearly 250 percent is observed compared to the previous year. These naturally affect the vehicle price, the increase in foreign currency, and the upward trend in the prices of parts directly affect the automobile insurance prices.

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In the motor insurance policy, there is also a financial liability guarantee that pays the damage of the other party when you hit the other party. Here, issues such as bodily harm, treatment costs and death can also come into play. With the increase in the minimum wage, there was a reflection on the automobile insurance prices here as well. Currently, on average, automobile insurance prices can be over 60-70 thousand liras. Companies continue to make losses in motor insurance policies and insurance policies. For every 100 TL premium received, there is an average damage payment of 186 TL. Compared to last year, we see a slight increase in the rate of motor insurance.”

By the way, the number of uninsured vehicles on the roads in Turkey is quite high. According to Erol Şahin’s post below 5.6 million of the 27 million motor vehicles currently traveling on Turkish roads are uninsured. According to Şahin, 12 percent of Istanbul, 11 percent of Ankara, 22 percent of Izmir, 24 percent of Antalya and 26 percent of Adana are insured in motor vehicles. case.



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