Bank Of Baku

Azerbaijan increases premiums on compulsory vehicle insurance in October

Azerbaijan increases premiums on compulsory vehicle insurance in October
# 04 November 2013 14:10 (UTC +04:00)

Baku. Aqshin Rafigoglu – APA-Economics. In October, 2013, compulsory insurance contracts of civil liabilities of 125,352 vehicle owners were signed in Azerbaijan.

 

Compulsory Insurance Bureau says nearly 22,000 of these contracts were signed related to the cars registered abroad and vehicles entering Azerbaijan for transit.

 

Total amount of the premiums on compulsory insurance contracts was over AZN 10.3 mln. Number of contracts rose 77% compared to September, 2013, 14% compared to October, 2012. 

 

Average insurance premium made AZN 82.4. 

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