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Lower motor insurance rates in Switzerland

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Magazine Issue: 
The pandemic risk, insurers’ future Eldorado [3]
Magazine date: 
Jul 2020

assurance automobileAccording to a recent analysis of the Comparis platform, motor insurance rates in 2020 are on average 8.4% lower than in 2019. Thanks to the digitization of the sector and the entry of direct insurers on the market, the decrease has been established at 15% since 2017.

On the other hand, rates of upper-mid range vehicles have recorded a more significant decline (-18.5%) since 2017.

In Switzerland, the average cost of Casco insurance is of 898 CHF (984 USD).

Read also | Top 10 of the global insurance market [4]

Fri, 28/08/2020 - 09:27

Source URL: https://www.atlas-mag.net/en/article/lower-motor-insurance-rates-in-switzerland

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[4] https://www.atlas-mag.net/en/article/top-10-of-the-global-insurance-market-in-2019