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What is Compulsory Traffic Insurance?

Compulsory Traffic Insurance is a legal requirement for every vehicle taking to the roads in Türkiye. This insurance ensures the coverage of bodily and material damages caused to third parties in accidents. The goal is to minimize grievances in traffic accidents and create a safe system for all parties. Panacea Insurance offers this legal guarantee to its policyholders in the fastest, most affordable, and most reliable way. We know that every driver should be under protection against potential risks in traffic.

The Purpose of Compulsory Traffic Insurance

The main purpose of this insurance is to quickly cover the damages of third parties who are victims in accidents caused by the driver. Thus, both victims are protected and the financial liability of drivers is undertaken by the insurance. Compulsory Traffic Insurance only covers the damages of the opposing party; it does not cover damages to your own vehicle. If you want full protection for your own vehicle, you can evaluate the Comprehensive Motor Insurance option.

Who Should Get Traffic Insurance?

Everyone who owns a motor vehicle in Türkiye is obliged to have Compulsory Traffic Insurance. Regardless of whether it is a car, truck, minibus, motorcycle, or commercial vehicle, this policy must be issued before taking to the road. As Panacea Insurance, we provide services with affordable premium options to all individual and commercial vehicle owners. We know that every vehicle has a different risk profile and we customize your policy accordingly.

Scope of Traffic Insurance

• Injury and death compensations for third parties,
• Material damages occurring in the opposing vehicle,
• Court costs and legal expenses,
• Treatment and health expenditures,
• Loss of income or loss of workforce compensations.

All these coverages eliminate the grievances of third parties involved in the accident. Panacea Insurance carries out the claims management process in a fast and transparent manner.

The Difference Between Traffic Insurance and Comprehensive Motor Insurance

While Comprehensive Motor Insurance covers the damages occurring in the driver’s own vehicle, Compulsory Traffic Insurance only secures the damages of the opposing party. Therefore, these two insurances are elements that complement each other. To protect both yourself and other drivers, it is the wisest choice to use it together with Personal Accident Insurance and a Comprehensive Motor Insurance policy.

Policy Duration and Renewal

The policy duration is generally 12 months. Policies that are not renewed at the end of the term require criminal action. Vehicles without traffic insurance cannot take to the road and can be impounded if detected. Panacea Insurance informs its customers before the policy expiration date. You can complete the renewal process in a few minutes with the online quote system.

How are Traffic Insurance Premiums Determined?

The premium amount varies according to the type of vehicle, license plate province, age, purpose of use, and the driver’s past accident history. You can lower your premium with a no-claims discount and protect your budget. Panacea Insurance offers a fair experience with personalized pricing and a transparent premium calculation system. The extra advantages we provide to accident-free drivers also reward you.

Legal Basis of Traffic Insurance

This insurance is mandatory according to the Highway Traffic Law No. 2918. All policies are prepared in accordance with TSB and SEDDK regulations. As Panacea Insurance, we offer solutions based on customer satisfaction in addition to legal compliance.

Why Panacea Insurance?

Because we don’t just sell policies; we sell trust. We are always by your side with fast support at the time of damage, 24/7 accessible customer service, and digital conveniences. Protect both yourself and others on the road with Compulsory Traffic Insurance. Enjoy a safe drive with the Panacea Insurance difference.