Logotype for print

Claim amounts for traffic are decreasing, but increasing for motor vehicle insurance

Publicerad: 2022-09-21 Nästa publiceringsdatum: 2023-09-21

In Sweden, every motor vehicle used on the roads must have motor third party liability insurance that covers personal injury and damage to someone else’s vehicle if there is an accident.

Damage to the vehicle of the driver who caused the accident is not covered. The vehicle owner can take out separate motor vehicle insurance as complementary cover. These policies may also cover more complicated insurance components such as theft and damage to the vehicle in connection with theft. In 2019 there were 1.6 million traffic claims arising from one of these policies, for which the insurance companies paid out a total of SEK 17 billion in compensation.

Since 2018, the total number of claims has increased slightly, while the numberof claims for motor third party liability insurance has decreased and the number of claims for motor vehicle insurance has increased. When viewed over a ten-year period, the number of claims related to motor third party liability insurance decreased by 6% between 2010 and 2019, while the number of claims related to motor vehicle insurance increased by 54%.

During the same time, claim amounts for both types of insurance increased. Motor vehicle insurance pay-outs have increased by SEK 5.4 billion (71 percent), while motor third party liability insurance pay-outs have increased by SEK 0.8 billion (25 percent). An increase in claim amounts is natural, since repair costs normally rise along with the general price trend. The number of vehicles on the road has also increased, and more people are opting for more expensive electric or hybrid vehicles.


Glass claims are the most common vehicle claims

In 2019 glass claims (for example car windscreen damage) were the most common road traffic claims. These claims accounted for more than half of all claims covered by motor vehicle insuranc.  However, the most expensive were vehicle damage claims (damage to the vehicle), in terms of total payments.