Renewed car insurance

This post is just for historical reasons, so you might want to skip.

I have renewed my car insurance today and paid 133 CYP. That’s 23 CYP more than I paid the last year, although the car and drivers are still the same, and there were no accidents for my insurance company to pay up. The reason for the increase I was told is country-wide and has something to do with matching insurance prices with the rest of Europe. I’ve heard this from other people before, so it might be true. Although I think that it has more to do with the continues grows of traffic accidents per person in this country. Insurance companies have to get money from somewhere to pay constantly.

8 thoughts on “Renewed car insurance”

  1. Damn, 133 pounds… Is it for per year? We’ve got some more considerable figures here, not less than a grand for 2 persons having 1 year experience each.

  2. Lev,

    I think that is just posting who paid how much for what is a waste of time, because the information will be way too relative. Insurance companies have specific formulas to calculate the price. These formulas include things like driver’s experience, vehicle type, vehicle age, accident history, etc. Without knowing these formulas, prices are very individual.

  3. Yeah, a thousand per year. And if both you and your spouse are new drivers, it comes to 2,000 per year! However, for experienced drivers (8 years and more) it is normally about 500 for two. This is for an cheap used 3-4 years old car that costs arout 6000-8000 thousand.

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