News21 Dec 2017

Turkey:Number of uninsured vehicles increases


The number of uninsured vehicles in Turkey has increased by 1.6 million to 7.9 million at the end of November 2017 compared to 12 months previously.

According to data from the Turkish Statistical Institute, the total number of vehicles in the country was 21 million at the end of November 2016, compared to more than 22 million at the end of November 2017.

According to the online insurance broker Koalay, while the number of vehicles on the road has risen, the number of vehicles with motor insurance has decreased. The number of vehicles with compulsory motor third party liability insurance was around 14.1 million in November this year compared to 14.8 million a year ago. The decrease in the insured rate was mostly seen in cars, buses and vans.

"The hike in motor insurance prices in recent years has increased the number of uninsured vehicles," said Mr Bradley Du Chenne, CEO of Koalay Turkey, in a statement.

With the number of uninsured vehicles at 7.9 million, this means that 35% of vehicles are plying the roads without insurance. The vehicle categories with the biggest proportion of uninsured units are trucks at 63%; busses at 42% and minibuses at 39%.


 


 

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