More than 1.3 million vehicles are registered in Georgia, only 108,486 or 7% of them are provided with an insurance policy.
According to the Insurance Market Report, auto insurance is the second largest segment after health insurance. During the first half of 2022, the companies attracted a total of 85 million GEL bonuses in this direction, which is 10 million GEL more than the result of 2021. The number of insured vehicles has increased by 10,000 compared to the previous year.
As for the average cost of car insurance premium, it is 126 GEL per month.
According to the collected premiums, the share of 28% of the auto insurance market belongs to "TBC Insurance", 17% to "Aldagi", 14% to "GPI Insurance", and 6% to "PSP Insurance".
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One US dollar trades at GEL 2.7172
09/07/2025
