Güvence Hesabı (Assurance Account) was established under the Ministry of Industry and Trade enactment of Article 108 of Road Traffic Law No: 2918, which was published on 13 October 1983 under registration number 18195, named as Güvence Fonu (Guarantee Fund).

Based on Article 108 of Road Traffic Law No: 2918, the first regulation "Garanti Fonu Yönetmeliği (Guarantee Fund Regulation)" entered into force on 26 June 1985 under registration number 18793.

In 1990, The Account was renamed as Karayolları Trafik Garanti Fonu (Road Traffic Guarantee Fund). Its administrative supervision was subsequently transferred to the Undersecretariat of Treasury and Foreign Trade under the Prime Ministry.

Pursuant to legislative amendments introduced in 1997, The Account’s supervision was transitioned from the Undersecretariat of Treasury and Foreign Trade to the Insurance Association of Türkiye.

In 2002, its name was changed to Karayolu Trafik Garanti Sigortası Hesabı (Road Traffic Guarantee Insurance Account).

In 2007, its name was changed to Güvence Hesabı (Assurance Account), which is its current name, with Insurance Law (Law No. 5684). It operates within the scope of the Assurance Account Regulation, which came into force based on Article 14 of the Law.