A multidisciplinary team of experts has worked with the government to develop a bill designed to lower the insurance compensation that people get for a car accident. The policy, if it goes through, will end up socializing car insurance and make car insurance 15.6% more expensive and closer to the European average.
Insurance companies and drivers frown on how opaque the current policies are and many times it is not clear about who is paying for what. The proposed bill intends to clarify what things insurance will pay for and establishes a system for evaluating these payments. Further, it looks at what accident victims need and tries to provide this, even if the costs rise for everyone.
