The cost of MTPL policies for car owners in Russia is expected to increase by a third by the end of the year, this was reported to socialbites.ca by Anton Shaparin, vice-president of the National Automobile Union (NAU).
“Insurance companies are planning to increase the cost of compulsory motor insurance in Russia by 30 percent this year and will lobby for this decision through their associations, which will affect the Central Bank. It is impossible to say for sure when this will happen, because this requires a decision from the Central Bank,” Shaparin said.
The Central Bank announced the previous day that it planned to increase the MTPL tariffs for trucks and motorcycles, and announced that it intended to adjust the regional coefficients in a way that would not affect passenger cars for now. On the contrary, insurance companies participating in the socialbites.ca survey say that the prices of compulsory traffic insurance should be increased for the most popular segment – passenger cars. Read more about the planned increase in the prices of compulsory motor insurance in the material “socialbites.ca”.
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