We work out the prices ourselves, and we show you how

Every comparison site in Greece shows you a number and never tells you where it came from. This page is the other option: here is the whole model, together with the places where we know it is wrong.

The basic idea: a reference driver and multipliers

Insurance companies do not hold a ready price for every case. They have a base premium and a series of factors that move it up or down. That is how they price internally, and that is how we do it too.

Your own price at each company comes out in six steps, in this order. They are exactly what “How it was worked out” shows under every row of the comparison: not a summary of the calculation, but the calculation.

1. The base premium of the package you chose, for the reference driver.
2. The rates on the sums insured, where the kind has them, such as the value of a home. A company with no rate for a part of the package leaves the comparison for that package.
3. The factors, one for each answer in which you differ from the reference case.
4. The extra covers you chose, as a sum in euro. A cover the package already holds is not charged again. If a company does not offer a cover, its row says so.
5. The minimum premium of the company, when the sum comes out lower.
6. The instalments. If you pay in instalments, each company adds its own small charge.

Beside every price we show a range, 25% above and below it. The comparison lists the companies from the cheapest price to the dearest.

The factors, with real numbers

Every factor of the model, for all 31 products, is published live on the page of each product, at the foot of this one: the same steps for every company, different heights, and a control under each figure to see what one change does to the price. Geography stays here, because it is where the model and the claims data say different things.

Area

Five zones and not thirteen regions. The administrative map does not price: Patras and a village in Achaea are the same region and not the same risk, while Patras and Heraklion are different regions and are priced almost the same.

The last two columns are not prices - they are what the claims cost. They come from the ΕΑΕΕ's Motor Insurance Statistical Yearbook 2024, which pools 24 companies - about 93% of the market - and reports, for every prefecture, how often a third-party liability claim happens and what one costs. The two multiplied together are the euro per insured vehicle per year.

The per-zone figures are the mean of the prefectures in each zone, weighted by population: ΕΑΕΕ publishes vehicle counts by vehicle use but not by prefecture, so the resident population of the 2021 census stands in for a vehicle count - a proxy, not a measurement - and Samos no longer counts as much as Attica inside its zone. The error that leaves is still measurable - the five zones weighted by their share of the fleet land -7.2% from the national figure ΕΑΕΕ publishes itself (6.87% × €1410).

Where the numbers come from

Every price of a company on this site is our own estimate. It is not an offer and it is not a price that the company gives. It comes from our own research of the market and our judgement as people of the industry. That research is our own, so we call it an estimate, and we can be wrong. We connect to no company, and none of them sends us prices.

The public data. We check our estimates against figures that others publish and that you can check yourself. The market average further down comes from them too. They are chiefly: ΕΑΕΕ, the Bank of Greece, ΕΛΣΤΑΤ and Eurostat, the annual solvency reports of the companies themselves, and the published terms and information documents of the products. Every figure we take from them appears with its source and its data year, on the page that uses it.

Our own assumptions. The shape of the curves, that is how far the price climbs with age, with engine size or with region, is published by nobody in Greece. It is our assumption, we write it out in full on this page, and it is where the calculation can be most wrong. Every estimate is a gross premium, with the insurance tax and levies included.

How we build the estimate of each company. For each kind of insurance we have a reference premium and its curves. For each company we have two numbers: how much cheaper or dearer it comes out than the reference, and how sharply it follows the curves. Together they give the estimate of the company for each kind it shows on its own site. All of these are our own assumptions, and their numbers are on the page of each kind of insurance.

The calculation can be wrong. It does not necessarily reflect the current state of the market: companies change their pricing without announcing it, and the price they give you can come out above or below our estimate. The order of the ranking is more reliable than the amount itself. Only the company gives a binding price, after an application.

The market average, from public figures

Beside our own estimates, the comparison shows the market average. This figure does not come from our own research. It comes only from public documents, and each line of it names its source. So you have a measure to judge our estimates against.

No insurance company publishes what it charges each customer. So the order of the companies in the comparison is our own estimate, and the page says so above the list.

Other figures are published, though: how much premium the whole market paid, how many claims there were and what they cost. From these comes the market average for each kind of insurance. The taxes of the law go on top, and the comparison shows you the result line by line, with the source of each line.

On the page of each company we write how it sells and any price it prints on its own site. Of the 20 companies, 17 print at least one price. We read the sites on 12 October 2026.

The car and the other vehicles

Every year ΕΑΕΕ, the association of insurers in Greece, publishes the Στατιστική Επετηρίδα Ασφάλισης Αυτοκινήτων ΕΑΕΕ : 2024. For each kind of vehicle and each cover it gives three things: how often a claim happens, what it costs on average, and what share of the premiums went to claims, which is the loss ratio. The average premium follows from the three:

average premium = claim frequency × average claim cost ÷ loss ratio

Average premium a year, without taxes, from the figures of 2024. A dash means that the cell has too few claims for a reliable figure: a loss ratio under 10% or over 150%. A cover with no figure does not go into the sum, and the comparison says so.

Legal protection is not in the yearbook. It comes from the survey of ΕΑΕΕ on legal protection: €7 per policy a year. Roadside assistance has no public average, so it does not go into the sum.

The area

The postcode puts the vehicle in one of five zones. The factor of the zone multiplies the whole premium, and it comes from the claims of the zone, which ΕΑΕΕ publishes.

The motor yearbook 2024 of ΕΑΕΕ gives, for each prefecture, how often a liability claim happens and what it costs. The product is the cost of claims per insured vehicle a year. The factor is the cost of the zone over the average of the country. With no postcode, the factor is 1.

The figures of each zone are the average of its prefectures, weighted by their population. ΕΑΕΕ does not publish how many vehicles each prefecture has, so the resident population of the 2021 census takes their place. It is a stand-in, not a count, and its error can be measured: the five zones together are -7.2% away from the national figure of ΕΑΕΕ itself (6.87% × €1,410).

The home and the business

For property, ΕΑΕΕ publishes how much premium the companies took and how much value they insured. The quotient is the average rate of the market: 1.166 ‰, that is €117 a year for every €100,000 of insured value, without taxes. Sources: ΕΑΕΕ, Η Ιδιωτική Ασφάλιση στην Ελλάδα 2024, πίνακας 6, ΕΑΕΕ, Ασφαλίσεις Περιουσίας 2024, πίνακας 1.

The rate multiplies the value of the building and the value of the contents that you enter. Earthquake, loss of profit and anything else with no public average do not go into the sum, and the comparison says so. It is the average of all property, homes and businesses together: a hotel and a flat of the same value come out the same, and that is a limit of the figure, not our view.

Health

The survey of ΕΑΕΕ on health insurance gives what the companies paid in claims for each insured person, by kind of plan. Divided by the loss ratio of individual plans, 69.34%, it gives the average premium.

Each person counts once. Age, smoking and the size of the share have no public figure, so they do not change the sum. The plans of minors pay no premium tax.

Life

There is no public average premium for life cover. There is, however, the life table of Eurostat for Greece: the chance of death within the year, for each age. Its average over the years of the cover, times the capital, is the net cost of the risk.

It is not a premium, and the comparison says so: the company adds its costs and its profit, and nobody publishes them. A cover of 10 years or more pays no premium tax; a shorter one pays 4%.

Professional liability, loans and boats

The survey of ΕΑΕΕ on liability gives the premiums of professional liability and the share of each profession. The average of all is €721 a year, without taxes, and each group has its own:

For loan protection, the survey of ΕΑΕΕ on life insurance gives €36 per borrower a year for life cover, and €8 for accident and health.

For a pleasure boat, the average premium of ΕΑΕΕ is €470 a year, from the survey of 2013. The premiums and policies of 2025 give almost the same figure. The figure stays without premium tax: it is not clear whether the exemption of ships covers a pleasure boat.

The taxes

All the figures above are without taxes. The Code of Indirect Taxes, in article 43, sets a premium tax of 15% in most lines, 20% on fire and 4% on life under 10 years. Vehicle liability also carries the contribution to the Auxiliary Fund: 1.8% of the liability premium, as Presidential Decree 237/1986, article 20 sets it.

What does not count

Your age, the years with a licence, the claims you caused, the value and the age of the vehicle, the engine size, smoking: all of them change the price a company will give you. None of them, though, has a public figure that says by how much. A factor with no public source does not change the average. The form still asks for it, because it changes our own estimate for each company.

So the average is not your price. It is the point of reference: if you enter what you pay today, the comparison shows you how far it is from it.

Where it goes wrong

Four things, and we say them because you will find them out anyway.

• We do not ask everything the company asks. Their form has about thirty fields. For a car we ask 8, the ones that really move the price. The rest (make, model, kilometres a year, whether it sleeps in a garage) move the premium a little, and that “little” is part of the range we show beside every price.
• We do not see the offers. Companies run discounts: summer ones, for new customers, for two vehicles, through a particular agent. None of them is in the model. In practice this means the price the company gives you comes out more often below our estimate than above it.
• The claims history is your word. There is no public bonus-malus register in Greece that a site like this could read. If you say “never a claim” and the company sees otherwise, the price it gives you will be noticeably higher than ours.
• Some companies simply will not insure you. A driver under 23 with a one-year licence and a 2,000 cc car: several companies do not write such a policy at all. We will show you a price. The company may say no.

How often it is updated

Our estimates carry a date: “How it was worked out” under each price of a company shows its last update. The public data of the market average carries its year too.

• Every source appears with the year of its data, beside the figure it supports.
• On every build, the check counts and states how many rows are estimates. Today it is all of them.
• On every build, the reference premium of the car, leasing, the motorcycle and the taxi is checked against the latest ΕΑΕΕ yearbook. If one is more than 60% away, the build fails and the page is not published.

The last check is deliberately harsh. An old figure looks exactly like a fresh one, and nothing in the look of a number shows how old it is. So we do not leave it to our own judgement: the check stops the publication by itself.

What we do not do

We do not sell insurance, we are not an agent, we take no commission from any of the 20 companies in the comparison, and we do not ask for contact details to show you a price. There is no “send me an offer” here, because there is nobody at the other end to send it.

The reason is practical, not moral: the moment we took commission from one company, the ranking would stop being a ranking. You would not know by looking at it; nobody knows by looking at a ranking, and that is why the only answer that means anything is for the commission not to exist at all.