The coefficients of CTP, as a means of earning insurers
Why, after the new reforms of the CTP, we will most likely pay more
Compulsory insurance of civil liability of owners of vehicles or as it is called among insurers and in the nation – CTP, has long been a byword. Insurance for vehicle owners argue no less than the rising cost of fuel and more expensive cars.
Indeed, there is something to ponder, because on the one hand, official representatives of organizations and legal institutions (RBA, the Central Bank of the Russian Federation) that promotes the idea of the so-called “liberalization” of CTP in one voice say that there is nothing wrong with the implementation of this reform will not happen, the more it will be held in several stages and the average car owner literally will not notice growth in the value of the policy without which the motorist has no way on the road. No, price will rise, of course, but for a maximum of 1.5%. In General, for most careful and law-abiding drivers, do not fall in the accident, at least on the fault, the cost of insurance even lower.
In fact, we wrote about it many times, the situation on the market of compulsory insurance after the commencement of the first stage of the reform (a total of planned three) may not be as straightforward as you wish, or just say they want, the authors of the changes. If you carefully study the draft amendments, this is what seems the imminent changes in the cost of insurance policy, against the backdrop of expanding tariff of the corridor and the introduction of personal factors bonus-Malus (MSC):
First, recall that the so-called “fork” of the base fare or it corridor will be expanded, and the lower part of the base fare will be reduced to 2.746 rubles (now it is 3.432 ruble), upper, on the contrary, will be increased to 824 of the ruble, that is, instead 4.118 will need to pay 4.942 of the ruble.*
*The base rate of CTP is calculated for the passenger cars owned by individuals.
Compare the ultimate size of the new base rates of insurance tariffs and tariffs adopted in 2017 (in red tariffs, which after the reform will be raised)
№ p/p
Type (category) and the target vehicle
Basic insurance tariff (rubles)
The minimum value of TB (in brackets the rates in 2017)
The maximum value of TB (in brackets the rates in 2017)
1
2
3
4
1
Motorcycles, mopeds and light ATVs (vehicles of category “A”, “M”)[i]
694 (867)
1 407 (1 579)
2
Vehicles of category “B”, “BE” (car)
2.1
legal entities
2 058 (2 573)
2 911 (3 087)
2.2
individuals
individual entrepreneurs
2 746 (3 432)
4 942 (4 118)
2.3
used as a taxi
4 110 (5 138)
7 399 (166 6)
3
Vehicles of category “C” and “CE” *
3.1
with a maximum permissible weight of 16 tons and less
2 807 (3 509)
5 053 (4 211)
3.2
with a permissible maximum weight exceeding 16 tons
4 227 (5 284)
7 609 (6 341)
4
Vehicles of category “D” and “DE” *
4.1
with the number of passengers to 16 inclusive
2 246 (2 808)
4 044 (3 370)
4.2
with the number of passenger seats more than 16
2 807 (3 509)
5 053 (4 211)
4.3
used on a regular transportations with landing and landing of passengers in the installed stopping items on a route of regular transportations, and in any not forbidden by rules of the road location on the route of regular traffic
4 110
7 399
5
Trolley buses (vehicles of category “Tb”) *
2 246 (2 808)
4 044 (3 370)
6
Trams (vehicles of category “Tm”) *
1 401 (1 751)
2 521 (2 101)
7
Tractors, self-propelled road-building and other machines[ii]**, with the exception of vehicles having wheel elements
899 (1 124)
1 895 (1 579)
As can be seen from the comparative table, which covers two tariff plans on the left are introducing new tariffs, to the right, set the tariffs for 2017, in all categories of vehicles, from passenger cars to cargo and passenger vehicle growth of the so-called top of the tariffs.
Behind increasing the upper limit of the cost of the policy there are only two categories: vehicles of category “A”, “M” – motorcycles, etc., and also passenger cars to legal entities. is it a Coincidence? In our opinion no. Of course you can build a multitude of conspiracy theories, but the assumption can build the following: first, are the smallest category of vehicle found on the roads, and secondly, accidents by them is less likely. That is, it can be concluded that “income” with these vehicle insurers will have no need to target the much more numerous category of the vehicle, which “feed” of the company.
The table shows that the lower limit of the basic rate of the insurance tariff, as promised by the authors of the project also reduced, in some cases seriously enough. But you should think over the following: what leverage can be applied by motor insurers to get the maximum benefit from the reforms?
It is known to distrust among motorists insurance is not disappearing but only growing stronger. Most motorists fear a conspiracy of insurers, they say, companies will simply set the tariff at the maximum and have drivers again to pay for insurance. And this will render the competition among companies, because they establish relationships in the market, without the involvement of the Central Bank and Ministry of Finance. Alas, these fears are not unfounded. A detailed analysis of the new tariffs we had in this article: the New cost of the insurance policy: All new tariffs and rates
The key to the prosperity of the insurance concluded in the coefficients, they razbavlyayut or slightly reduce the final cost of the insurance policy. Those are the drivers that their insurance was worth the reasonable money you need to be almost Holy on the road, and some circumstances and does provide, it would be impossible – the final cost will be raised automatically. Among the “pitfalls” that can easily reach any car owner and which will seriously affect the cost of insurance policy note:
territorial coefficient (depends on where the car will be used mostly by the insured);
coefficient bonus-Malus (MSC) (discount for accident-free driving). Here is very interesting graduation. The maximum possible ratio for accident-free experience is 0.5, which corresponds to a 50% discount on the base fare. But for those who often gets into accidents, there are KBM in the amount of 2.45 already. Insurance can be a good idea to cash in on careless drivers.
It is also worth noting that the two coefficient bonus-Malus (KBM for the insured and the MSC for those who are inscribed in the insurance policy) after the reform will be obedinen in a single structure, with a period of revision 1 of every year.
The coefficients of insurance tariffs depending on the presence or absence of insurance indemnity made by insurers during the previous periods in the implementation of compulsory insurance (coefficient KBM), and the procedure for their application by insurers when determining insurance premiums for compulsory insurance contract for the period from 1 January 2019 to 31 December 2019
N
p/p
The minimum coefficient KBM for compulsory insurance contracts in force on January 1, 2019 or terminated in 2018
The coefficient KBM for the year 2019, depending on the amount of insurance indemnity made by insurers during the previous periods in the implementation of compulsory insurance
0
insurance claims
1
the indemnity
2
insurance reimbursement
3
insurance claims
More than 3
insurance claims
1
2
3
4
5
6
7
1
2,45
2,3
2,45
2,45
2,45
2,45
2
2,3
1.55 V
2,45
2,45
2,45
2,45
3
1.55 V
1,4
2,45
2,45
2,45
2,45
4
1,4
1
1.55 V
2,45
2,45
2,45
5
1
0,95
1.55 V
2,45
2,45
2,45
6
0,95
0,9
1,4
1.55 V
2,45
2,45
7
0,9
0,85
1
1.55 V
2,45
2,45
8
0,85
0,8
0,95
1,4
2,45
2,45
9
0,8
0,75
0,95
1,4
2,45
2,45
10
0,75
0,7
0,9
1,4
2,45
2,45
11
0,7
0,65
0,9
1,4
1.55 V
2,45
12
0,65
0,6
0,85
1
1.55 V
2,45
13
0,6
0,55
0,85
1
1.55 V
2,45
14
0,55
0,5
0,85
1
1.55 V
2,45
15
0,5
0,5
0,8
1
1.55 V
2,45
And then there is the factor of power of the vehicle, the period of insurance, the number admitted to driving the vehicle drivers from the age and experience of drivers… you think the insurer will find a loophole and try to flay your hides? In our opinion, he and loopholes will not have to search because the system is built in such a way that the motorist, even with a trouble-free experience, often will be to the final cost of the policy CTP “to the maximum”, though even at the minimum rate.
I hope we’re wrong and the invisible hand of the insurance market do liberalisim rates, the insurance company will begin to play by fair rules. Just believe in it with great difficulty.