The European Motor Vehicle Insurance HICP data highlights significant variations across countries in 2023. Latvia leads with the highest value, followed by Romania, while Ireland holds the lowest value. Over the last two years, Czech Republic and Bulgaria experienced notable increases in their indices. Conversely, Denmark and Switzerland demonstrated declines. Over a five-year period, the compounded annual growth rate further emphasizes the regional contrasts in the insurance sector, reflecting economic conditions and regulatory impacts.
Future trends to watch include potential shifts due to economic recovery efforts, regulation changes, and technological advancements influencing the car insurance market landscape. Monitoring inflation rates and consumer behavior will also be crucial in understanding future HICP movements in Europe.
Top countries in Motor Vehicle Insurance HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Latvia | 178.98 | 2022 | +38.55% | +2.97% | View data |
| 2 | 2 Romania | 163.97 | 2022 | +38.01% | View data | |
| 3 | 3 Czech Republic | 147.5 | 2022 | +7.12% | +4.6% | View data |
| 4 | 4 Iceland | 146.62 | 2022 | +4.47% | View data | |
| 5 | 5 Hungary | 135.16 | 2022 | +3.91% | +2.22% | View data |
| 6 | 6 Poland | 133 | 2022 | +12.9% | +3.32% | View data |
| 7 | 7 Slovakia | 131.41 | 2022 | +7.77% | View data | |
| 8 | 8 Kosovo | 127.64 | 2022 | -0.13% | View data | |
| 9 | 9 Lithuania | 126.22 | 2022 | +20.82% | +0.91% | View data |
| 10 | 10 Albania | 118.08 | 2022 | +0.025% | View data |
