POLAND: MTPL and MoD prices increase in 2Q2024

8 July 2024 — Marina MAGNAVAL
The prices of MTPL and MoD continued to increase across the country in the 2Q2024. Despite rising prices, drivers still take additional assistance policies, according to data from CUK Ubezpieczenia, Gazeta Ubezpieczeniowa (Insurance Gazette) writes.

The average MTPL price in 2Q2024 was PLN 637 (~EUR 147), which is 17% more y-o-y and almost 10% more than in 1Q2024. In turn, the average MoD price was PLN 1,067 (~EUR 247), which is 4% more than in 1Q2024.

Despite price increases, the second quarter brought a significant revival in ​​transport assistance. According to data from CUK Ubezpieczenia, sales of short-term policies increased by 200% y-o-y. The offered products are available for 7, 14, 30 or 365 days, with attractive insurance coverage and no vehicle age limit.

*EUR 1 = PLN 4.32 (as of June 30)