The average cost of car insurance premiums in Georgia per year is about GEL 844 or GEL 70 per month.
According to the financial results of the insurance companies, the number of insured land motor vehicles stood at 121,512 units that is 7% of the country's vehicle fleet.
"TBC" (25%), "Aldag" (21%) and "GPI" (12%) account for the largest share in the land vehicle insurance.
Motor insurance is the second largest segment after health insurance. In 6 months of 2023, the companies collected a total of GEL 102.6 million in premiums in this segment.
