For 2025, car insurance will no longer cost the same for everyone. Problematic drivers, who have a negative accident history, will pay more for car insurance.
In September 2024, the Financial Supervisory Authority approved the new regulation for calculating the insurance premium, where the prices that drivers will pay for mandatory insurance will be differentiated based on several risk factors.
According to the regulation that entered into force today, in calculating the insurance premium, in addition to the accident history, the engine power, the driver’s age, his driving experience, the use of the vehicle by an entity or by an individual, the vehicle registration district, and the age of the vehicle will also be taken into account.
The assessment of these risks also seals the new insurance that drivers will pay this year. Young age, low experience or old car are all considered risks that make insurance more expensive. The regulation also states that the insurance company itself may apply other risk factors, in addition to those provided.
The formula for calculating the insurance premium, taking into account the aforementioned risks, was made by the Financial Supervisory Authority, and based on this formula, insurance companies will set their own insurance premium rates, and make them available to the AFSA 30 days before applying them.
Through this bonus-malus system, where the premium will be set based on risk, it is intended to increase the responsibility of drivers. Based on the latest INSTAT data, for November 2024, road accidents in 90% of cases occurred as a result of the driver’s behavior.
The highest number of accidents, in this period, was committed by the 25-34 age group, accounting for 26.5% of the total number of accidents.