Car insurance premiums are going up one after another starting next week.
The increase is more than 3 percent, and the insurance industry is suggesting a further increase in the second half, which is expected to burden consumers.
Reporter Lee Joong-geun reports.
[Report]
Hyundai Marine and DB Insurance will raise premiums on the 16th.
The increase rate is 3.9% for Hyundai Marine and 3.5% for DB based on personal automobile insurance.
KB Insurance plans to raise 3.5 percent and Samsung Fire Insurance by 3 percent at the end of this month.
The average premium for personal car insurance last year was around 640,000 won, so that's an increase of about 20,000 won.
Insurance companies say that the loss rate is too high and that higher premiums are inevitable.
The ratio of insurance to insurance premium paid to consumers is called the loss rate, which was raised to 83.7% 토토사이트추천in September last year.
Last summer, the worst heat wave, the use of cars increased and accidents increased, increasing the amount of money spent on insurance.
Insurance companies also reflected an increase in the proper maintenance fees for carmakers, suggesting a further increase in the second half of the year.
[Disability insurance company official/Voice modification: "There is a factor of 2.9% increase in maintenance alone. That's the line. We haven't fully reflected it."]
Insurance companies complain that they don't raise much to keep an eye on financial authorities and consumers, but consumer groups point out that insurers are blaming car insurance subscribers for their poor performance.
I'm KBS News' Lee Joong Geun.