Motor vehicle third party liability insurance premium reached 143 EUR mil in 2013 in Malta, according to the National Central Bank / OECD. This is 20.8 % less than in the previous year.
Historically, motor vehicle third party liability insurance premium in Malta reached an all time high of 180 EUR mil in 2012 and an all time low of EUR mil in. When compared to Malta's main peers, motor vehicle third party liability insurance premium in Greece amounted to 1,132 EUR mil and 16,801 EUR mil in Italy in 2013.
Malta has been ranked 23rd within the group of 25 countries we follow in terms of motor vehicle third party liability insurance premium.
Motor Third Party Liability Insurance (MTPL) ensures that damage to third party health and property caused by an accident for which the driver and/or owner of the car were responsible is covered.