Offering extensive coverage against potential risks encountered while driving or when parked, motor insurance holds significant importance for vehicle owners. It provides protection against unforeseen circumstances such as natural disasters or social movements. In our country, where registered vehicles have reached a staggering 32 million, the penetration rate of motor insurance remains at a mere 25 percent. Emrah Gökmen, Assistant General Manager of Elementary Individual Insurances at Allianz Turkey, emphasizes the advantages of motor insurance amidst rising damage and maintenance costs: “Motor insurance provides security against fundamental risks like traffic accidents, collisions, fires, and theft, as well as unexpected events such as natural disasters (like hail or floods) and social upheavals. It covers your financial liabilities towards third parties, ensuring a secure and peaceful driving experience. Furthermore, the costs of damage and maintenance in the event of an accident can be burdensome for vehicle owners. Our car insurance solutions, tailored for every budget and enhanced with additional coverage options, offer substantial economic benefits for vehicle owners.”
Accessible Solutions for Every Budget and Need
Gökmen notes that they have introduced diverse car insurance packages tailored to different needs and budgets, aiming to make car insurance more accessible to all vehicle owners: “Allianz Turkey’s Car Insurance Solutions encompass various packages designed to meet different needs, including mini, eco, comprehensive, electric, and branded car insurance. Our goal is to optimally safeguard both vehicles and their owners with our comprehensive coverage, which includes a widespread service network of over 1000 contracted services across Turkey, 24/7 active assistance services such as towing, roadside assistance, and provision of spare vehicles in case of an accident, the Mini Repair Service for quick and complimentary repair of minor damages at Allianz Mini Repair centers, original glass replacement that maintains no-claim discounts, and protection against unforeseen risks such as landslides, storms, and hail.”
Car Insurance Ownership Rate: A Regional Overview
Gökmen also shares insights into car insurance ownership rates across Turkey: “We observe that car insurance ownership is 11 percent in Manisa, 14 percent in Konya, 15 percent in Gaziantep, 19 percent in Adana, 21 percent in Antalya and Mersin, 27 percent in Bursa, 34 percent in Ankara, and 42 percent in Istanbul. To elevate car insurance ownership levels, especially in provinces below the national average, it is crucial to convey the comprehensive protections and benefits offered by car insurance to more vehicle owners.”
Introducing Turkey’s First Certified Sustainable Car Insurance
Allianz Turkey has pioneered the introduction of Turkey’s first certified sustainable car insurance, having its product registered as a “Sustainable Product” in 2024. This achievement meets all the EU Taxonomy criteria, a cornerstone of the European Union’s sustainable finance framework. Allianz Turkey provides extensive assurances at authorized services, enriched assistance services, and a swift claim process through car insurance packages specially crafted for vehicle brands such as Ford, Volkswagen, Seat, Skoda, and Fiat. Additionally, Electric Vehicle Comprehensive Insurance offers protection against issues in vehicle electronics following hacker attacks.
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