Nominal increases in comprehensive motor insurance premiums alone do not reflect the affordability of this coverage, says the Insurance Association of Turkiye (TSB), as it seeks to dispel misconceptions of comprehensive car insurance as "very expensive".
The TSB said that an analysis of the premium rates indicates that when the effects of inflation and increases in new policy issuances are taken into account, the real change in premiums is seen to be more limited, or even negative.
2025 data
According to 2025 data, in the motor insurance sector:
• Premiums generated totalled TRY161.9bn ($3.66bn)
• The nominal premium increase was 33%
• Real change, adjusted for inflation and new policies, was -5.9%.
First data for 2026 show a similar picture
In January, in the motor insurance sector:
• Premiums generated totalled TRY15.6bn
• The nominal premium increase was 24%
• Real change was -9.5 %.
The TSB stressed that comprehensive motor insurance premiums should be evaluated not only based on the "rate of increase on the sticker", but also in relation to the value of the insured asset and the scope of coverage provided. The broad coverage structure includes collision, theft, natural disasters, and optional liability.