Ingosstrakh reports on the scope of comprehensive car insurance for used vehicles
Ingosstrakh notes that the most frequently damaged cars in the secondary market were insured under comprehensive coverage. At the moment the policy was issued, the vehicle had to be at least one month old or have more than 200 kilometers on the odometer. The company disclosed that it signed 8% more such contracts in 2023 compared with the prior year. Overall, Ingosstrakh recorded 17.4 thousand losses under comprehensive insurance from owners of used cars.
According to the data, most losses involved models from brands like Land Rover, Jaguar, Porsche, BMW, MINI and Mercedes-Benz. When compared with 2022, the frequency of these losses rose or fell within a range where the share of claims fell from an average of 6% to 15%, as stated on the company’s website. This indicates a notable shift in how often certain luxury and premium brands required compensation under used car policies.
In addition, claims specifically tied to traffic accidents were most commonly submitted by owners of Porsche, BMW, Hyundai, Mercedes-Benz and Haval. The breakdown suggests that high-value cars plus certain brands tend to contribute disproportionately to accident-related claims even in the used car segment.
The company indicated that traffic accidents account for more than 60% of comprehensive insurance claims. About 16% of claims relate to damage caused by jumping or falling objects. Other frequent reasons include damage occurring in car parks (over 10%) and illegal actions by third parties (more than 4%). These figures illustrate a diverse spread of risk factors impacting used car policies and the importance of broad coverage Lenghty scenarios and site data emphasize real-world risk exposure for policyholders.
In related industry updates, the publication highlighted a vehicle class that is often discussed for affordable ownership: a Japanese-origin pickup noted for its value. The emphasis on cost-effective options remains a constant topic for buyers negotiating the used car market and for insurers evaluating risk premiums across different vehicle categories.
Meanwhile, a separate incident described a young driver in Chita who was caught on video engaging in reckless behavior at a school stadium. This anecdote underscores ongoing concerns about road safety and the potential implications for insurance perceptions and premium calculations in the region.