Motor insurance in Belgium: rates to rise in 2024
Several Belgian insurance companies are expecting an average increase of 3.9% in motor insurance rates in 2024.
This increase would be driven by several factors, including:
- rising motor claims experience
- higher labor and repair costs
- tighter reinsurance conditions
- high car prices, particularly for electric vehicles
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Tue, 12/12/2023 - 11:43
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