THE PERIOD OF FREE TARIFFS HAS STARTED IN THE COMPULSORY TRAFFIC INSURANCE
The period in which all insurance companies issued policies at the same price in concerns with Traffic Insurances is over. Now, insurance companies will determine the premiums of the traffic insurance policies freely within the margins to be determined by the treasury. While this matter constitutes an opportunity to prevent insurance companies making losses since long years, it will also ensure that the consumers may select among the companies and thus benefit from the competition advantages.
The premiums to be deducted for vehicles of Private and Judicial persons have also been separated. For example, while private persons will pay yearly 150 YTL for their automobiles, enterprises will pay 185 YTL. Within the regulation, in while the discount percentages have also arranged again, the premium increase for damaged vehicle may raise upto 40%.
It is forecasted that this partial freedom stated in the Regulations will be extended definitely and will made a full freedom as soon as possible; and this looks as if being in 1-2 years.
You may access these Regulations via the link below.
http://www.sigortacilik.gov.tr/02YD/21TSM_5684/21.03-Yonetmelik/KYolZorTrafikSTarifeYon.doc