The covid-19 pandemic first, and then the war in Ukraine, have added complications to the insurance market, but where they have worsened the most is in vehicle insurance. Imports of new vehicles have fallen and used ones have increased their cost very significantly. Together with the increase in the number of claims, these elements will put pressure on the increase in premiums.

Currently, the lack of parts in the market is one of the difficulties that most affects customers, who are waiting more than three months for their units to be repaired. This increases the costs of the parts due to their demand and due to the difficulties of transportation, which have also decreased and increased. A van from Japan cost $3,000 before the pandemic, costing up to $17,000, and from the US $2,000 to $4.5,000. And those costs are transferred to the parts, which are paid by insurers.


The insured must take into account when renewing their insurance, that their vehicles may have a higher commercial price, so they must increase the coverage, because the insurers will only be responsible, in case of collision or theft, for the limit insured. Even, as the coverage is not at first loss, depreciation and underinsurance are applied, that is, you must bear the proportion not covered, and add the deductible that you contract.

In last week’s article, we talked about fraud, which after the pandemic also increased, and are a significant proportion of the amount paid by indemnity insurers, and that these losses will also swell the necessary premiums that they must charge. the insurers, also adding the costs of the companies together with the commissions they pay to the intermediaries. That is why it is so important that we work to reduce traffic accidents, which are not only bringing mourning and poverty to many homes.

We are all suffering the effects of traffic accidents, so society together with the State, mayors, insurers, etc. We must implement more efficient public order policies. And only when we understand that they must be coordinated between all the affected and responsible sectors, will we be able to move forward in this regard.


We could say that it is a fundamental problem with a great social and economic cost, but also a human one, whose solution would bring us many benefits. Just imagine the reduction in deaths and injuries, the worst epidemic in the country. Hospital costs that add up to more than RD$70 billion each year, and the number of Dominicans who remain disabled, around more than 20,000, bringing poverty to their homes.

There is a lot of work ahead of us, and I am one of those who believes that we should not leave all the work to INTRANT and DIGESSET with our friend Hugo Beras at the helm. We are all going to benefit from the order and discipline that it requires to impose on society in traffic. Let’s do it.