Expensive VAT – more expensive insurance

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Upcoming Tax increases persuaded insurance companies to higher prices for OC and AC. The era of the lowest motor insurance in Europe is coming to an end.

 

As reported etransport.pl portal, insurance companies due to the increase in VAT announced the price change for OC and AC. So far, Poland could boast one of the lowest motor insurance in Europe, now those days may not return. The increases will affect the price of services including workshops and own costs insurance companies. In addition, the premium may be raised to the Insurance Guarantee Fund.

 

Author: Joanna Gawlik

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