You can easily calculate the traffic insurance tier tariff, which has become an important criterion in determining policy premiums, and make predictions about how much your traffic insurance policy premium will be. You can find the details of traffic insurance policy step calculation and inquiry in the content of our article. You can get detailed information about no-claim discounts and premium increases on the insurance calculation table.
How is Traffic Insurance Calculated?
When calculating traffic insurance, the city you are in is one of the factors that determine the price. The most prominent answer to the question of how traffic insurance is calculated is the traffic insurance step tariff. The tier tariff, which allows you to get a no-claims discount, is very important when calculating. To calculate traffic insurance, you can enter your information and learn the traffic insurance premium of your vehicle.
How are Traffic Insurance Levels Calculated?
Non-Pool Group
Pool Group
Automobile, Pickup Truck, Construction Equipment, Tractor, Trailer, Motorcycle, Tanker, Special Purpose Vehicle, Agricultural Machine
All Vehicle Groups Including Automobile
Taxi, Minibus, Bus, Truck, Tow Truck
4-5-6-7 Digits
1-2-3 Digit
4-5-6-7 Digits
Year
Step
No Claim Discount – Premium Increase Rate
No Claim Discount – Premium Increase Rate
4
7th digit
45% No Claim Discount
30% No Claim Discount
3
step 6
30% No Claim Discount
20% No Claim Discount
2
5th step
15% No Claim Discount
10% No Claim Discount
one
4th step
—-
—-
2
3rd step
50% Premium Increase
50% Premium Increase
3
2nd step
100% Premium Increase
100% Premium Increase
4
step 1
150% Premium Increase
150% Premium Increase
The Risky Insured Pool system was introduced for vehicles with a high risk of damage in traffic. According to this system, insurance companies will sell the traffic insurance policy at a ceiling price, and the premiums that insurance companies receive by selling the policy are collected in a pool. The division of the premium collected in the pool and the damage paid among the companies is made by TMTB in two stages. First, 50% of the damage and premium is shared equally among the members holding a license in the traffic branch. Then the remaining 50% is calculated and distributed according to the market share of the insurance company in the relevant branch for the last three years.
With the implementation of the Pool System, the no-claim discount rates for vehicles with a high risk of damage were reduced. Taxi, Minibus, Bus, Truck, Tractor group 5th level no-claim discount from 15% to 10%, 6th level no-claim discount from 30% to 20%, 7th level no-claim discount from 45% to 30% a was dropped.
The no-claims discount rates in the old system remain current for automobiles, pickup trucks, heavy equipment, tractors, trailers, all motorcycles, tankers, and agricultural machinery, which are not included in the pool system.
How does the step change affect the Traffic Insurance Ceiling Prices?
The change in traffic insurance levels causes no claim discount and premium increase and changes the traffic insurance ceiling prices. For information about ceiling prices, you can check our traffic insurance prices table on our traffic insurance page.
You can access the maximum premium prices of traffic insurance from the Insurance Information and Monitoring Center. You can find the prices, which vary according to the vehicle group, number of steps, and provinces, on SBM as lists that are updated every month.
What is the Purpose of the Step Application in Traffic Insurance?
With the step tariff applied to vehicle owners within the scope of no claim discount, a discount or increase is applied in the traffic insurance premium according to the driver’s previous driving performance. While this application is being made, considering how much risk the driver carries in the next policy period, it is a reward for those who cover their previous terms with no damage, and a penalty for drivers who cover them with damage. You can also check the current status of your policy and check your discount rate in order to calculate the traffic insurance policy steps.
Click for detailed information about traffic insurance and no claim discount.
