25 Percent Increase in Traffic Insurance Premiums

Traffic insurance, which is one of the items that has undergone a huge hike as we enter 2022, has come to the fore with news that did not make it happy in the past weeks. Traffic insurance, which is increased by 1.5% every month at the beginning of the year and up to 20% annually, with a rate of 2.25% every month. was increased by an additional 51% per year.

Just a few weeks after this hike, another piece of news came today that will upset car owners. Published in the Official Gazette Highways Motor Vehicles Compulsory Liability Insurance With the amendment made in the regulation, traffic insurance premiums were increased by 25%.

Traffic insurance maximum premiums will increase by 25% as of June:

Maximum premiums for traffic insurance with the new hike, which will be effective as of June 1, will be 25% more than in May. In addition, the discount and increase authorization, which is 10% in the traffic insurance premium, will be 20% according to the fuel type and emission value of the vehicle. Traffic insurance premium, taking into account the damage costs It can be reduced or increased by 50%.

Minimum insurance coverage increased by 100%:

With the new regulation, compulsory traffic insurance minimum insurance coverages are also included. Increased by 100%. With this regulation, which will be valid as of July 1, the minimum insurance coverage for motor vehicles will be as follows:

• Health expenses 500 thousand TL per person -> 1 million TL
• According to the type of motor vehicle per accident, 2.5 million TL -> 5 million TL, 5 million TL -> 10 million TL, 1.5 million TL -> 3 million TL
• Financial guarantee amounts are 50 thousand TL per vehicle -> 100 thousand TL, 100 thousand TL per accident -> 200 thousand TL

This guarantee amount From 1 January 2023 An increase of 20% has been announced.