Compulsory motor insurance tariffs for electric and hybrid cars in Egypt

The Financial Regulatory Authority (FRA) has released the compulsory motor insurance tariffs for electric and hybrid cars in Egypt.

The insurance premium for a passenger cars is 12 EGP (0.71 USD) per month and 120 EGP (7.12 USD) per year. For commercial vehicles and trailers, an additional premium is set according to the weight.

The premium for cars with provisional license plates is EGP 120 (7.11 USD) per month, 150 EGP (8.89 USD) for two months and 200 EGP (11.86 USD) for three months.

For taxis, buses, and tourist cars boarding up to seven people, compulsory insurance is charged to the number of passengers.

For electric or hybrid motorcycles, the insurance costs EGP 10 (0.59 USD) per month or 100 EGP (5.93 USD) per year. The premium is higher for a vehicle with a cylinder capacity exceeding 500 cc, a quad bike or a tricycle.

Read also | Salaries of insurance intermediaries in Egypt