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Source:
الوطن
Claims Hike Auto Premiums
Vehicle insurance claims costs in Saudi Arabia have risen by 35–45% over the past two years, driving up renewal premiums even for accident-free drivers. This is due to higher spare-parts prices and repair costs, which account for around 65% of a claim’s value. Although clean-record drivers are also affected by rising overall costs, they still benefit from a no-claims discount, which can lower premiums by around 30–40% compared with those who have frequent accidents. Premiums are expected to continue rising modestly through the end of 2026, before the market stabilizes in 2027 as supply improves and spare parts become more readily available.
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