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New era in traffic insurance! Rate of increase changes

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TRAFFIC INSURANCE TURKEY

The calculation of the rate of increase in traffic insurance, which concerns millions of drivers, has changed. The increase rate will be determined according to the newly established cost index. The new period will begin in May.

Until May, a decision was made to increase traffic insurance premiums by 5% every month. With the new application, the upper limit for the increase has also been determined.

UPPER LIMIT 3%

According to a report on NTV, the upper limit for the increase in May with the new application is 3%.

The cost index is mostly influenced by the minimum wage increase. Payments for damages in accidents are determined based on the current minimum wage level.

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