More than 1.3 million vehicles are registered in Georgia, only 108,486 or 7% of them have an insurance policy.
According to the Insurance Market Report, auto insurance is the second largest segment after health insurance. During the first half of 2022, the companies attracted a total of GEL 85 million bonuses in this direction, which was GEL 10 million more compared to the result of 2021. The number of insured vehicles has increased by 10,000 compared to the previous year.
As for the average cost of car insurance premiums, it is GEL 126 per month.
According to the collected premiums, the share of 28% of the auto insurance market accounts for TBC Insurance, 17% - Aldagi, 14% - GPI Insurance, and 6% - PSP Insurance.
