In Estonia in the first half of this year, insurers compensated motor insurance losses in the amount of EUR 41 million, which is 13% more y-o-y. According to the statistics of the Estonian Traffic Fund (LKF), the number of motor insurance claims increased by 3%, reaching 17,000 cases.

The Fund emphasized that the average amount of damage due to a traffic accident increased by 6% and is now EUR 2,328, which is also an all-time record in Estonian traffic insurance.

According to LKF board member Andres Piirsalu, the reasons for the increase in loss amounts are inflation and high traffic frequency, due to which the number of traffic accidents rises despite the economic recession. The average premium amount also increased from EUR 143 in 1H2023 to EUR 154 in 1H2024, the Fund added in its statement.