Regulatory Alerts2026-07-12
Added · Updated
2024 Mandatory Vehicle Insurance Premiums Instructions and Amendments
Issued by the Central Bank of Jordan, these instructions establish mandatory vehicle insurance premiums effective January 1, 2025, replacing the 2010 regulations. The document sets specific premium rates for Jordanian, non-Jordanian, and transit vehicles across various categories, such as 78.750 JOD for private passenger cars. It mandates a 12 JOD surcharge for traffic violations and a 15% discount for violation-free years, while applying premium increases of 60% or 110% for vehicles involved in accidents. Additionally, the rules define a 10 JOD deductible for motorcycles and 40 JOD for other vehicles, and prohibit insurers from reducing the base mandatory premiums.
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