More expensive "Civil Liability" awaits us from the New Year. Compulsory insurance will cost 10% more, the industry predicts. Until now, drivers paid between BGN 180 and BGN 200 for a middle-class car with an engine capacity of up to 1,700 cubic meters.
The expectations are that the individual insurers will raise the prices by up to 10%, which means that the Civil Liability can cost us up to BGN 20 more than the New Year.
At the end of the year, nearly 70% of drivers renew their policies, according to Nova TV.
In the battle for customers, at the peak of the campaign, insurers usually make better deals, but only for a short time. The expectations are that in November the prices of the obligatory policy will go up.
"It is clear to everyone that the damage is increasing with each passing year - there is an increase in damage by 15-17%. Undoubtedly, the collected premiums under this insurance should also be included ", explained Petrozar Petkov, Chairman of the Board of Directors of an insurance company.
Not all drivers take out the policy yet. According to the latest data of the Financial Supervision Commission, the scope of the otherwise compulsory insurance reaches 86%. Insurers themselves decide which drivers to pay more. "Civil liability" is most often more expensive for young and inexperienced drivers, road offenders or those who drive in big cities or abroad.
"Sofia is considered to be the busiest in terms of cars, the traffic is the busiest and the risks are the biggest. That is why the premium that is collected in this region should be the highest ", commented Petrozar Petkov.
At some of the companies, drivers with several road violations can pay twice as much insurance. However, the unified system for differentiated policy payment for the clients of all companies is not ready yet.
The jump in Casco prices is expected to be even more serious. Due to the huge damages that the companies had to cover after the hail, the industry forecasts a price increase of up to 20%. The final prices of all companies will be clear within a month, when the active campaign for renewal of the policy begins.
Source: profit.bg