BLS innocent! So who is responsible for the increase in TPL prices?

Since 2015, liability insurance policies have gradually increased. Over the past 12 months, the average increase in prices has been around 10%. That's quite a lot, and the worst is probably yet to come. What will the new year bring us?

Price increases not by BLS

Many link higher prices with the introduction of the BLS (Direct Claims Settlement) system by several insurance companies in 2015. Nothing could be more wrong. BLS does not affect the prices of third party liability policies in any way, and their increase is rather caused by the introduction of special guidelines by the Polish Financial Supervision Authority (Polish Financial Supervision Authority). They concern the situation of understating the compensation under third party liability insurance policies for the injured. The activities of the Polish Financial Supervision Authority are intended to curb this practice, and since the compensation is to be higher, the prices of the policies themselves as well.

What can we drivers do in the face of the inevitable pay rises? If we want to spend as little money as possible on new insurance, let's compare the offers of individual companies, e.g. on the website www.nujjuagenta.pl/kalkulator-oc-ac/ . Only checking the prices of many companies will give us an informed choice. Otherwise, we can overpay a lot without even knowing it.

Another hike soon?

The current price increases, which are the result of the decision of the Polish Financial Supervision Authority last year, will probably not be the last. The government plans to reactivate the so-called Religa tax, which was already in operation in 2007-2008. At that time, it amounted to 12% of the TPL price and was intended for the costs of rehabilitation and treatment of road accident victims. If it comes into force, insurers will find another reason to raise liability rates.

In finding the cheapest offer, both today and after the introduction of this tax, the third party liability insurance comparison website - najaniejuagenta.pl - can help us. Price comparison is the only way to buy the cheapest policy, even if it is much more expensive than its counterpart from one or two years ago. Let's not forget that liability insurance is the same in every company (it is regulated by the relevant act), so overpaying with competitors is unjustified. Regardless of the increase and decrease in prices - only the price will still count.