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Knesset report: car insurance has become twice as expensive in Israel than in Europe - Voila! Car

2024-02-28T19:13:53.917Z

Highlights: Knesset report: car insurance has become twice as expensive in Israel than in Europe. Tomorrow morning, the National Security Committee will discuss the spike in car thefts and their effect on insurance prices. In 2022, the companies paid 6.6 billion shekels due to claims for traffic accidents, compared to only 700 million shekel due to car thefts, and 600 million due to other claims. In 2023, almost 4 times as many vehicles were stolen in the city of Dimona than in 2021.


Following the disclosure of the extent of car thefts in Vala, tomorrow the National Security Committee will discuss the effect of the phenomenon on insurance prices. Knesset report: only 10% of insurance company payments due to theft


Thwarting an attempt to steal a car through the Hasmonean checkpoint/according to Section 27 A of the Copyright Law

The increase in car insurance prices is a global phenomenon, but Israelis pay more than everyone else.

A report by the Knesset's Research and Information Institute reveals that during the last five years, car insurance prices in Europe rose by 14.9%, in Israel they jumped by 28.5%.

In the last three years the price increase in Europe was 12% and in Israel - 33%.



As revealed in Vala Car, the jump in the rate of thefts in the last year, at a rate of more than 40%, resulted in the fact that in Israel there are eight popular models in which at least 1 in every 100 cars was stolen last year, with the highest being the Hyundai Ioniq 5 and 6 electric models: 1 in 20 Cars were stolen.

Is the increase in car thefts a justification for the jump in insurance prices?

Look how much is paid because of them and how much because of accidents/Knesset spokespersons, the Knesset Information and Research Institute

Tomorrow morning, the National Security Committee will discuss the spike in car thefts and their effect on insurance prices, in a discussion initiated by Member of Knesset Merav Ben Ari (Yesh Atid).

The MMM report, prepared at the request of MK Ben Ari, further reveals that car insurance prices have increased in recent years at a much higher rate than the rate of increase in car prices, new and used.



From January 2022 to January 2024, new car prices have increased by 6.7%, and prices Used cars became more expensive by 0.6%. While car insurance rates rose by 33% in the same period. The increase in rates is even greater than the rate of increase in the prices of car parts and repairs following accidents - 18.3%. The



report also reveals how the insurance companies' payments are distributed to the insured. In 2022, the companies paid 6.6 billion shekels due to claims for traffic accidents, compared to only 700 million shekels due to car thefts, and 600 million due to other claims.



Despite this, the reports of the insurance companies indicate that the car insurance business is loss-making for them, so they continue to raise prices. In 2022, they They lost NIS 1.55 billion in the comprehensive insurance portfolios and NIS 201 million in compulsory insurance.

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In Dimona, car thefts jumped 4 times in two years.

And what happened in the rest of the country?/Knesset spokeswoman, Knesset Information and Research Institute

Although the cities of the Sharon and some of the cities of the Gush Dan block are known to be where the majority of car thefts take place, police data reveal that in 2023, almost 4 times as many vehicles were stolen in the city of Dimona than in 2021. In some of the settlements of the Sharon and Gush Dan, the number of stolen vehicles increased 1.6 to 2.4 times. .



On the other hand, in the cities of Beit Shemesh, Kiryat Ata, Nesher, Afula and Umm al-Fahm, there was a decrease in the number of vehicles reported stolen during that period.

In most theft incidents, no suspects were arrested.

Of those that did have one, 55% of the indictments were filed against Israeli citizens, 44% against Palestinians and a single percent against foreigners.

  • More on the same topic:

  • Car thefts

Source: walla

All tech articles on 2024-02-28

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