The Insurance and Private Pension Regulation and Supervision Agency of Türkiye published a public clarification on motor third-party liability (traffic) insurance premiums, countering media reports of high premium increases and confirming that the monthly maximum premium increase for January 2026 has been set at 0.66%. Monthly maximum traffic insurance premiums are set by the Agency using variables including vehicle type, the insured’s risk level, the province of residence, the vehicle’s usage purpose, and fuel type. Since May 2024, premium setting has incorporated a claims-cost index designed to reflect current economic conditions, based on weighted components including vehicle prices, spare-part prices, maintenance and repair costs, and changes in the minimum wage.
Insurance and Private Pension Regulation and Supervision Agency of Türkiye 2025-12-10
Insurance and Private Pension Regulation and Supervision Agency of Türkiye sets January 2026 monthly maximum traffic insurance premium increase at 0.66%
The Insurance and Private Pension Regulation and Supervision Agency of Türkiye clarified that the monthly maximum increase for motor third-party liability insurance premiums for January 2026 is set at 0.66%, countering media reports of high increases. Premiums are determined using variables such as vehicle type, risk level, and economic conditions, with a claims-cost index introduced in May 2024 to reflect current economic factors.