Bank Of Baku

Azerbaijan sees 3% rise in automobiles with compulsory insurance

 Azerbaijan sees 3% rise in automobiles with compulsory insurance
# 04 February 2014 13:10 (UTC +04:00)

Baku. Agshin Rafigoglu – APA-Economics. 50 844 automobiles took out compulsory insurance in Azerbaijan in January.

 

Compulsory Insurance Bureau told APA-Economics that 16 700 of them were automobiles registered abroad and entered Azerbaijan for transit.

 

Premiums on compulsory insurance contracts were more than AZN 3.7 million. The number of insurance contracts increased by 3.3%, volume of insurance premiums by 4.7% compared to a year earlier.

 

Average insurance premium for a vehicle was AZN 74.4 in January.

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