The European Motor Vehicle Insurance HICP data for 2024 shows significant variations across countries. Latvia and Romania have experienced the highest increases with 38.5% and 38%, respectively. Other countries like Lithuania, Estonia, and Poland show notable growth, while many Western and Southern European countries such as Belgium, Denmark, and Ireland see declines up to -10.7%. Germany, Finland, and Austria show moderate positive trends, maintaining stability in the sector.
Future trends to watch for include:
- Regulatory changes impacting insurance policies in rapidly growing markets.
- Economic factors influencing insurance costs in countries with declining trends.
- The potential impact of technological advancements in automotive insurance products.
Top countries in Motor Vehicle Insurance HICP by Country
| # | 10 Countries | Percent, Change on Previous Period | Last Year | |
|---|---|---|---|---|
| 1 | 1 Latvia | 38.5 | 2022 | View data |
| 2 | 2 Romania | 38 | 2022 | View data |
| 3 | 3 Lithuania | 20.8 | 2022 | View data |
| 4 | 4 Estonia | 20.1 | 2022 | View data |
| 5 | 5 Poland | 13 | 2022 | View data |
| 6 | 6 Slovakia | 7.8 | 2022 | View data |
| 7 | 7 Czech Republic | 7.1 | 2022 | View data |
| 8 | 8 Slovenia | 5.9 | 2022 | View data |
| 9 | 9 Iceland | 4.5 | 2022 | View data |
| 10 | 10 Croatia | 4.2 | 2022 | View data |
