TURKIYE: Last year 20% of vehicle owners cancelled motor insurance policies

3 February 2026 — Marina MAGNAVAL
Approximately 20% of registered vehicles in Turkiye MTPL insurance (traffic insurance), according to Quick Sigorta General Manager Eyup Ozsoy, Middle East Insurance Review reports.

Speaking about traffic and comprehensive motor insurance in Turkiye, Mr Ozsoy noted that in 2025 the number of vehicles registered in Turkiye with issued motor insurance policies was 33 million, yet 20% of the policies were subsequently cancelled. This means that the number of active traffic insurance policies remained at around 26-27 million, according to local media reports.

Quick Sigorta General Manager emphasized that 9.7 million vehicles had comprehensive insurance policies in 2025, with around 6 million of these being cars and light commercial vehicles.

According to him, there was an increase of around 40% in traffic insurance premiums last year to TRY 261 billion (USD 6.01 billion). Comprehensive motor insurance premiums rose by 30% to TRY 148 billion. “The growth rate in comprehensive insurance was slightly lower because there was more competition there”, he said.



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