Automobile prices, which saw the highest level of the last 10 years, increased the tension of automobile insurance. Since July of last year, the increase in automobile insurance prices has reached 250%. Stating that the increases will continue in the last quarter of the year, experts state that despite the increase in prices, affordable insurance can be made with the right additional collateral selection.
In parallel with the increase in vehicle prices and spare part service costs, the wages in the motor insurance insurance, which has been on the rise, never stop. Motor insurance premiums are expected to increase even more with the new regulation introduced by the Insurance and Private Pension Regulation and Supervision Agency (SEDDK) on traffic insurance prices. According to the regulation, traffic insurance premiums, which were increased by 2,25%, will increase by 1% monthly as of September 4,75. Vehicle owners will meet with an additional 20% increase in September.
BiFiyatla.com Chairman of the Board Mustafa Duran, stating that there has been an increase of more than 250% in motor insurance prices since July of last year, said, “The fact that vehicle prices have reached the highest figures of the last 10 years is the biggest factor in the increase in automobile insurance prices. When vehicle classes are taken into consideration, automobile insurance prices start from 1.500 TL with no claim discount for personal cars. It goes up to 200 thousand TL for heavily damaged, risky, high-priced sports cars. In parallel with the increase in automobile prices and spare parts costs, we expect the increase in automobile insurance prices to continue in the last quarter of the year.”
Additional guarantees should be determined according to needs!
Stating that despite the increase in automobile insurance prices, vehicle owners can secure their vehicles and have automobile insurance at affordable prices, Mustafa Duran said, “Vehicle owners can save on automobile insurance policy by purchasing high-risk and needed collateral first and taking advantage of the discount option offered according to their profession. Within the scope of motor insurance occupational discount; pharmacists, police, soldiers, civil servants and A.Ş employees are offered a discount of up to 20%. 15% discount for teachers and 14% discount for doctors. It is critically important that additional collateral be determined as needed. The narrow motor insurance policy provides premium savings for vehicles that do not drive too much. The extended motor insurance policy can be made affordable with the required coverage without compromising the main coverage. In addition to the selection of affordable service, spare parts and vehicles, a significant cost savings can be achieved by making use of the professional discount. Additional guarantees such as a single driver discount, personal belongings and false fuel guarantee are also among the criteria that affect prices.
Crashed vehicles do not give up insurance
BiFiyatla.com Chairman of the Board of Directors Mustafa Duran stated that due to the increase in motor insurance prices, there has been a noticeable decrease in the rate of motor insurance, especially in intermediate models, and said, “The main guarantees in motor insurance include accident, burning and theft guarantees. Vehicles are fully secured with additional guarantees such as financial liability, personal accident, assistance services, personal belongings, and wrong fuel. Vehicle owners who have experienced an accident in the past do not give up on automobile insurance despite the price increase. Vehicle owners who have not had an automobile insurance for years and have not had an accident can give up on automobile insurance due to the increase in prices. However, the no-claim discount applied for vehicles that did not cause an accident provides a great advantage to vehicle owners.
Detailed research is a must before having a motor insurance!
Mustafa Duran, who advises vehicle owners to make a detailed price research before they have an automobile insurance policy, said, “As Bifiyatla.com, we prevent time loss by conducting research on behalf of vehicle owners and preparing the most suitable automobile insurance policy for them. We obtain appropriate insurance fees by only obtaining license information, without overwhelming vehicle owners with paperwork inflation. Thanks to our wide business network, we forward the offers of all insurance companies to vehicle owners as an alternative, and act as a compass for them to purchase the most suitable policy. We monitor the policy start and end times of the vehicles, and inform the vehicle owners before the policy expires so that they are not subject to penal premiums. We meticulously follow the damage compensation procedures during and after the damage. We secure vehicles all over Turkey with affordable automobile insurance prices. Even those living in towns and villages where there is no insurance agency can get in touch with us through our WhatsApp line and get the most suitable automobile insurance for their expectations.”
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