With the decision published in the Official Gazette, changes were made in the no claim discount and post-damage premium increase rates in Compulsory Traffic Insurance. In compulsory traffic insurance azami premium amounts will be increased by 2023 percent on a monthly basis, starting from May 2, over the previous premium amounts. According to the arrangement made in the tables by the regulation, a for electric vehicleszamA 10% discount is foreseen in premium rates.
Some adjustments have been made in the regulation on the principles of tariff application in the compulsory liability insurance of highways motor vehicles, published in today's issue of the Official Gazette.
Accordingly, the Insurance and Private Pension Regulation and Supervision Agency (SEDDK) will be authorized to reduce this rate to zero or to double it, which is determined by taking into account the frequency of damage, damage costs and other issues. In the previous application, SEDDK azami had the authority to reduce the premium amounts by 50 percent.
SEDDK will be able to introduce a discount of up to 20 percent in the determination of insurance premiums, in addition to the rates regulated in this Regulation, if parts with certified equivalence to the original or reusable parts are preferred in repairing the damage and paying the indemnity.
According to the arrangement made in the tables by the regulation, a for electric vehicleszamA 10% discount is foreseen in premium rates.
PREMIUM INCREASE AT ZERO LEVELS IN DAMAGES TABLE 200 PERCENT
With the amendment made in the regulation, the discount and increase rates in the table of no-claim premium reduction and premium increase due to damage were redefined and zero and 8th steps were added to the table. In this context, the premium increase rate was determined as 200 percent for the zero level newly added to the table, and the no-claim premium discount rate was determined as 8 percent for the 50th step.
No change was made in the premium increase rates of 1 percent, 135 percent, and 90 percent, respectively, starting from the 45st stage for the insured in the first four digits of the table, including zero, due to damage, but the premium discount rates were reduced.
NO DAMAGE PREMIUM DISCOUNT RATES HAVE BEEN REDUCED
The premium discount rates foreseen for those included in the premium discount section in the table; It was reduced from 5 percent to 10 percent for the 5th level, from 6 percent to 22 percent for the 20th level, and from 7 percent to 42 percent for the 40th level.
For the insured who are in the 5th step for at least 7 insurance periods, if no compensation is paid within the insurance contract period, the discount rate in the 8th step in the following insurance contract will be applied. For the insured in the 1st level, in case of 3 or more indemnity payments arising from traffic accidents within the insurance period, zero step will be applied in the following insurance contract.
ATTENTION TO THE FIRST TIME GOING TO TRAFFIC
For those who will be on the road for the first time, the 4th step of the no-claim premium discount and increase table will be applied, and a 10 percent premium increase is envisaged in this step. In April 2023, the 4th step applied according to vehicle group and usage type is azamAs of May 1, i premiums will be applied as the base premium based on the step application in the table.
Effective from the beginning of May, azami premiums, on the basis of vehicle group applied in April 2023, 4th step azamIt will be applied by adding 5 percent to the i premiums. The changes will take effect from April 15.