A new survey finds the average price of a new car is rising to a new record high in Israel.
According to the Jerusalem Post, the survey conducted by Kavla Insurance, which is affiliated with the Israel Insurance Association, showed that the average car price in Israel has risen from $28,000 in 2014 to $39,200 in 2017.
The median price of new cars in Israel is now $41,500.
In 2018, the average monthly car insurance premium increased by $5 from $18,600 to $23,900.
This year, it rose by $3 from $24,800 to $26,800.
Kavla has also calculated that the median monthly premium of a family of four in Israel was $1,100, an increase of $600 from last year.
The increase in premium prices was primarily due to a decrease in the number of car rental agencies offering coverage.
However, the number and quality of rental agencies have also improved.
According the Kavlac survey, only one of five rental agencies in Israel offered a car insurance policy.
In 2019, only five rental agents offered coverage.
In 2020, only six rental agencies offered coverage, and in 2021 only six rented vehicles.
Kovat Insurance said that the trend in rental rates is a reflection of the changing needs of drivers.
There is a lot of competition in the market. “
When you see the number that it is getting, and when it is used to purchase insurance, it is very attractive.
There is a lot of competition in the market.
It is a market that is very mature.”
Kavlace Insurance is a family insurance company that provides comprehensive insurance to families and businesses.
Its primary insurance product, Zikot, covers rental vehicles.