Rising repair costs, more frequent accidents raise car insurance premium | News

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  • Rising repair costs, more frequent accidents raise car insurance premium | News

The cost of hull insurance has increased significantly. For example, a compact car owner who paid €264 for annual comprehensive car insurance last year received offers starting at €328 this year, with the majority of insurers requesting prices above €360.

Insurance companies confirm price increases. Meelis Tara, product manager for comprehensive car insurance at If Kindlustus, told ERR that repairs and spare parts have become much more expensive, which means that repairing a…

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