TURKIYE: Motor insurance penetration rate remains at 25%

11 August 2025 — Marina MAGNAVAL
At the end of June 2025, total number of registered vehicles in Turkiye stood at 32.37 million, according to data from the Turkish Statistical Institute (TurkStat), Middle East Insurance Review writes.

As figures from the Traffic Insurance Information Centre show, an average of 2% of registered vehicles per province are involved in a traffic accident each month. However, the motor insurance penetration rate remains at around 25%.

“We see that motor insurance ownership is 11% in Manisa, 14% in Konya, 15% in Gaziantep, 19% in Adana, 21% in Antalya and Mersin, 27% in Bursa, 35% in Ankara, 26% in Izmir, and 42% in Istanbul”, Allianz Turkiye’s head of Retail P&C, Mr Emrah Gokmen, told Insurance Gazette. “When we look at TRAMER's provincial accident data, we see that there were 128,000 traffic accidents in Istanbul in June. This figure reaches 40,000 in Ankara, 33,000 in Izmir, 20,000 in Bursa, and approximately 17,000 in Antalya. In short, in most of our provinces, approximately 1-2% of registered vehicles experience an accident each month”, he added commenting on the average number of accidents monthly by province.



15139 views