POLAND: Ubea: September MTPL price reaches the highest level since November 2020

19 October 2021 — Marina MAGNAVAL
Car owners have been complaining about many increases recently. Besides high fuel prices, they have also started to feel an increase in the cost of compulsory third party liability insurance, Gazeta Ubezpieczeniowa reports.

After record increases in premiums in July and calm August, the analysis of Ubea.pl statistics for September showed that last month there was a significant increase in the average TPL rate for motor vehicle owners. The average premium for policies offered online reached the highest level since November 2020.

The Ubea price barometer in September reached 102 points, while in the previous month it was 99 points.

"The average liability insurance price in September 2021 accounted for about 102% of the January result", said Pawel KUCZY?NSKI, president of Ubea.pl.

Andrzej PRAJSNAR, an expert at Ubea.pl, includes high inflation and data on the number of road accidents among the factors causing price increases. "In the third quarter of 2021, there were probably a lot of such events due to the holiday travels of Poles, who during the pandemic more willingly choose to travel by car on vacation", he explained.

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