Traffic insurance is a compulsory type of insurance policy that is obliged to have all kinds of motor vehicles engaged in road transport according to the laws of the Republic of Turkey. The official name of this policy, known colloquially as traffic insurance, is Highways Motor Vehicles Mandatory Financial Liability Policy.

Just as this policy is required to be made by the vehicle owners; It is a policy that must be made by all insurance companies that have a traffic insurance license issued by the Undersecretariat of Treasury Insurance Directorate. The guarantees are determined by the Undersecretariat of Treasury and are deducted by giving the same guarantees by all insurance companies.

Traffic insurance, in case of an accident, not only pays for the material damages you inflict to third parties within the determined limits, but also covers the permanent disability and death coverage of the faultless party that may occur during the accident. In policy formats, these guarantees are for material damages; per vehicle and per accident, it is written as per person and per accident in the death and permanent disability coverage section. This means that if the accident is not a vehicle or a person but more than one victim, the total amount of compensation to be given is written. In the Turkish insurance market, the most harmful portfolio in terms of branches is the traffic insurance branch. Due to many reasons such as the number of vehicles in our country, traffic density, education level, and unconscious driving, it is inevitable for this branch to suffer. In addition, the excess of fatal traffic accidents in accidents occurring in line with the data is striking. Every year, thousands of our citizens in our country unfortunately die in traffic accidents. The compensation amounts paid to our citizens who died or were permanently disabled as a result of these tragic accidents leave insurance companies in a very difficult situation. The amount of material damage experienced in accidents is nothing more than just the spice of the business. Of course, in such a negative situation, most insurance companies either refrain from cutting this policy or take steps not to cut the policy by giving very exorbitant prices. Because the name of the policy is "mandatory", there is no chance to say that I will not do it.

Due to the emergence of such high prices and the negative reflection of this situation on the citizens, a new regulation was made with a Decree-Law issued by the Undersecretariat of Treasury in April 2017. The risky customer group is gathered in a single center by all companies with a system called “pool”. By applying ceiling and floor prices, a price stability has been achieved. Therefore, the gap between premiums in traffic insurance has disappeared.

We, as Başkök Insurance, are at your service with affordable prices and installment opportunities for your vehicle's compulsory traffic policy.