The insurance policy could rise by 40% in a few years
Here’s how to deduct the insurance policy from 2019
The Ministry of Finance of the Russian Federation dealt with the procedure of calculating the cost of insurance policy. Despite a flexible system installation cost of policies, which the Finance Ministry is ready to allow insurers September 1, 2019 September 1, 2020, no good drivers to wait, you may not need, in addition to rising prices, if the insurers will not be set the iron control.
And so, the newspaper “Vedomosti” there was a document that spelled out, allegedly, the final amendments in the law about OSAGO the Ministry of Finance of the Russian Federation. Extract from the amendment:
“The Finance Ministry is ready to allow insurers from September 1, 2019 September 1, 2020 to establish the value of insurance policy by 30% below or above the basic rates of the Central Bank, and from September 1, 2020 – 40% lower or higher. In both cases, the maximum price of the policy cannot exceed three times the maximum base rate of the Central Bank”.
Thus, the Central Bank made the offer last spring, concerning the extension of the corridor of rates the basic rate is 20% (the maximum rate should grow with 4118 4942 rubles to rubles and the minimum lowered to 3432 2746 rubles) it is possible to forget.
According to the amendments of the Ministry of Finance, the planned phased abolition of several factors, which are known, multiply the base rate. This, among other factors: experience, power, age, region and so on. Now, amendments of the Ministry of Finance will be abolished two of these factors: power (1 Sep 2019) and regional (from 1 September 2020).
“To smooth out the effects of cancellation, the Finance Ministry proposes to introduce a 30% and then 40% deviation in both directions the total price of the policy rates of the Central Bank, explains the representative of the Ministry: to underestimation of risk from one category of motorists were not compensated at the expense of other categories,” according to the newspaper “Vedomosti”.
Despite the assurances of the Ministry, that set the inflated cost of the policy CTP insurers will fail at this ratio will make sure the CB on the special training manual, we can hardly expect that the insurance in the future vying will begin to issue policies at the reduced rates. Rather, the opposite. Therefore, the monitoring of insurers by the ministries should be clear, otherwise, instead of the so called liberalization of tariffs, will be just another reason for increasing the cost of the latter.
Also, despite the impending abolition of the above two factors, the Ministry of Finance has offered them new options that will track more detailed variations in driving style: frequency of violations of the rules, the style of rebuilding (sharpness) and braking, the frequency and duration of use of the machine and others. All these things will be fixed with a telematics device.
In the final version of the amendments also included the installation of different insurance policies limit payouts. The paper lists three options:
400.000 RUB for damage to the property;
500.000 RUB for the damage to life and health;
or both maximum — 1 million rubles, or both the maximum at 2 million rubles (if the insurer allows it)
Purchase an insurance policy for the next three years, also noted in the amendments of the Ministry of Finance.