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HomeEstoniaTotal damage involving motor insurance totals EUR 72 mln in 2023

Total damage involving motor insurance totals EUR 72 mln in 2023

According to the statistics of the Estonian Motor Insurance Bureau (LKF), there were 34,300 motor insurance cases with a total damage of 72 million euros in Estonia in 2023.

Additionally, Estonian vehicles caused 2,600 traffic accidents abroad, the total damage of which was 11 million euros.

LKF board member Andres Piirsalu said that the situation in traffic continues to be bad and is showing no signs of improvement.

“Compared to the previous year, the number of motor insurance cases is at the same high level, but the total damage increased by 3 percent. The average traffic damage in Estonia is now 2,100 euros,” Piirsalu said.

Of all motor insurance cases, the highest share, or 39 percent, happened last year in parking lots, a total of 13,500 cases with a total damage of 17 million euros. The number of parking accidents has been on the rise for the last 10 years.

In 2023, the number of collisions during overtaking, moving to a lane and veering off a lane increased by 3 percent. There were 3,500 of these cases with a total damage of 10 million euros.

Piirsalu is concerned about the fact that the number of such collisions has increased.

“These traffic accidents happen primarily at high speeds and their consequences are severe, because in addition to damage to the vehicle, people are also often injured,” he said.

The Estonian Motor Insurance Bureau (LKF) is a motor insurance guarantee fund, compensation body and the Estonian Green Card bureau. The LKF guarantees the functioning of the motor insurance system by performing the functions arising from the Motor Insurance Act, the management contract entered into with the state and its articles of association. All insurers that offer motor insurance in Estonia are members of the LKF.

Source: BNS

(Reproduction of BNS information in mass media and other websites without written consent of BNS is prohibited.)


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