Surprise in OC policies. Drivers have not seen such amounts for a long time

Not everything is more expensive than last year. In 2022, as well as a year earlier, drivers paid more for third-party liability insurance than now. However, this favorable situation for motorists may not last long.

medium height third party liability insurance concluded in January 2023 it was PLN 491 – informs Rankomat and rmf24.pl. According to the study, it is it’s 10 percent less than we paid in January 2022, when the average insurance price was PLN 543.

Compared to January 2021, when the average contract concluded was PLN 630, the difference is as much as 28%. At a time when we had to get used to the rising prices of virtually all products, this is surprising information. But how long will we enjoy this state of affairs?

Not necessarily. In 2022, average policy prices fell almost steadily. In January 2023, however, this amount was already PLN 3 higher than in December 2022. If cheaper liability insurance is the result of the price war between the companies operating on the market, it is possible that it is at its apogee. When the situation breaks down, drivers will feel the increases again. However, it’s very possible that not all of them.

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For safe drivers, the system operating from mid-2022 may change the situation sharing data on fines with insurers. Thanks to such information, provided already at the premium estimation stage, insurers can estimate their risk on the basis of hard data. It is clear that a driver who breaks the rules frequently and drastically is more likely to cause a traffic accident than a law-abiding motorist.

Each insurer can decide whether to use this data, and if so, how. If the OC rates increase in the future, it may turn out that not equally for every driver.