1 Hr
Source:
الاقتصاد العربية
Saudi Arabia reviews vehicle insurance pricing
The Insurance Authority has established six main criteria for vehicle insurance pricing, aimed at regulating and standardizing rates and balancing the rights of consumers and insurance companies. These criteria include risk assessment based on the type of vehicle, engine capacity, the driver's record, usage, geographic location, and the vehicle's value, leading to fair and flexible insurance prices while considering various risk factors.
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