Photo: Alex Maligawa / RIA Novosti
Rates of compulsory third party liability insurance (OSAGO) can rise in price from August 31 of this year. On Monday, may 14, writes family-owned Demyan Kudryavtsev, the newspaper “Vedomosti”, citing a draft of the Bank of Russia, which spelled out the change as base rates and ratios to them.
Now the base rate is to 3431 4119 rubles. The coefficients are calculated depending on the region, the car engine power and the age of the owner and his driving experience. In addition, there is a coefficient stipulating the tariff reduction for accident-free driving and increase for getting into an accident.
Russian insurers have long insisted on increase of tariffs. According to the President of the Russian Union of insurers Igor Jurgens, the optimal solution would be a complete exemption of insurance from government regulation. As a consequence of this break-even customers, its cost may be reduced to 50 percent, and unprofitable is to increase by 25-50%. “We’re not talking about increasing tariffs for all, and the establishment of a just, more personal fare”— he stressed.
In may 2017, the Central Bank has proposed to change the cost of insurance policies for different categories of drivers. Under the initiative, owners of policies “the MultiDrive” (without the inscribed names of the owners of the machines) will increase the cost of insurance in half, and young drivers (22-29 years) policies will cost 55-80 percent more expensive.
Video, photo All from Russia.