Motor insurance tariffs on the rise

Motor insurance premiums are going to increase by 10% to 25%. This increase results from the tariff war that broke out among insurers since the start of the market deregulation in 2007 and which led to a  tariff slash of 30 to 35%. The loss ratio has more than doubled during the last 4 to 5 years. The rise targeted only some categories of vehicles, especially small and medium-sized ones.