At a glance

What does “the prices are our own estimates” mean?

It means that the price of each company in the comparison is our own estimate, and it can be wrong. It is not an offer or an official ranking. It comes from our own research of the market, with an algorithm that we publish. Only the insurer gives a binding price, after an application.

  • The price of each company in the comparison is our own estimate, and it can be wrong. It is not an offer, not a price that the company gives, and not an official ranking.
  • The estimate comes from our own research of the market and our judgement as people of the industry. The algorithm behind it is public1.
  • The order of the companies follows that estimate, for the details you gave.
  • Beside the estimates you see the market average. It comes only from public figures, such as the claims statistics of ΕΑΕΕ2 and the taxes set by law3.
  • We sell no insurance. No company sends us prices, and no company pays us.

Above every comparison you will see the phrase “The prices are our own estimates, and they can be wrong”. It is the most important phrase on the site, and it is worth explaining.

The price of each company is our own estimate

No company sends us prices, and we connect to none of them in real time. We work out every price ourselves, from private research and the judgement of people who have worked in insurance for years. The method is published in full on how the comparison works: one formula and the tables of the factors1.

In Greece no company publishes what it charges each customer, and no body collects it. A site that tells you it has “the prices of the whole market” is telling you about something that does not exist. We tell you what we estimate, and how.

The order is not an official ranking

The companies in the comparison stand in order, from the cheapest estimate. The order is ours, it reflects your answers, and it shifts when they shift. No regulator or association stands behind it, and no insurer pays to climb it.

In our estimates, the order is more reliable than the amount itself. A company that comes out cheap for an experienced driver can come out dear for a young one.

What the average is made of

The market average is a different thing from our estimates. It comes only from public figures. Somebody else publishes them, and you can check them yourself.

For cars, ΕΑΕΕ publishes every year, for each cover, how many vehicles had a claim, what a claim cost on average, and what share of the premiums went to claims. The average price follows from these. For the third-party liability of private cars in 2024: 7.55 claims per 100 cars, times an average cost of 1,421 euros, divided by a loss ratio of 73.23%, gives about 147 euros before tax2.

For homes, ΕΑΕΕ publishes the insured capital of property policies4. For life cover, Eurostat publishes the probability of dying at each age5. On top of all of them come the taxes set by law: the premium tax is 15%, 20% for fire and 4% for life cover3.

The arithmetic of each average is published line by line, with its sources1.

What the companies print themselves

Where a company prints a price on its own site, you find it on the page of the company as the company writes it, with the address of the page and the day we read it. One company prints a price for a flat, another for a house, a third prints none. So these prices do not enter the order of the comparison.

Where it can be wrong

Our estimate can be wrong, upwards or downwards. Companies change their prices without announcing it, give discounts we cannot see, and ask things on their forms that we do not ask. We state the limits of the calculation openly1.

An average is an average. It is the average of all the vehicles or all the policies of the kind, not the price of yours. Public figures also arrive late: the ΕΑΕΕ yearbook for 2024 was published in November 20252.

That is why both figures are a yardstick, not a promise. With them in hand, you know which companies are worth asking, and whether an offer is above or below the market.

Why we say it on every page

Because an estimate, an average and a company price look identical on a screen. Nothing in the look of an amount shows where it came from. And a comparison site is worth exactly what its amounts are worth.

The only honest thing anybody can do with an estimate is to say so, to admit that it may miss, and to show how it was made.

The whole method

Sources

  1. ↑How the comparison works: where every number comes from, October 2026
  2. ↑Hellenic Association of Insurance Companies, Statistical Yearbook of Motor Insurance 2024, tables 3A, 3B and 7A, November 2025
  3. ↑Law 5177/2025 (Government Gazette A 21/14.02.2025), Code of Indirect Taxes, article 43: the premium tax, 2025
  4. ↑Hellenic Association of Insurance Companies, Property Insurance 2024, table 1, 2025
  5. ↑Eurostat, Life table by age and sex (demo_mlifetable), Greece, probability of dying, 2024, 25 September 2026