Al-Marsad Newspaper: The official spokesperson for insurance companies, Adel Issa, revealed the reason for the increase in car insurance rates in the Kingdom.
During his appearance on Al-Ikhbariya channel, Issa said that the increase in car insurance rates is due to the increase in the number of accidents.
He added that the number of accidents exceeded 1.6 million in 2022, in addition to the high prices of spare parts, and the cost of workshops and agencies.
The official spokesman for the insurance companies concluded his remarks that the percentage of vehicle losses is very high in the Kingdom.
