According to industry professionals, motor insurance rates are exceptionally high in Saudi Arabia.
Several factors play a role in this upward trend, including the increase in the number of accidents, the price of spare parts, the high cost of assistance services and insurance fraud. It should be noted that only 51% of vehicles in the Kingdom are insured.
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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-194-october-2022
[4] https://www.atlas-mag.net/en/article/vat-to-be-included-in-the-motor-third-party-liability-compensation-in-ksa