Two years ago, OSAGO rates became individual, that is, different for all 40 million motorists. In addition, the price of a policy for the same motorist is now different with different insurance companies. And since Sept. 13, the OSAGO tariff corridor has expanded up and down by 26 percent.
Does this mean that the policy is increasing in price? Let’s find out.
How does the tariff corridor work?
The final price of an OSAGO policy for an ordinary car owner is calculated according to the formula from the federal OSAGO law.
OSAGO = TB × KT × KBM × KVS × KO × KS × KM
- TB — base rate (tariff corridor refers to this specific parameter)
- CT — coefficient of the territory, depending on the region of registration of the owner of the car
- KBM — discount for accident-free (bonus-malus)
- FAC – coefficient depending on the driver’s age and experience
- KO — driver restriction parameter
- KS – seasonal coefficient, depending on the period of use of the car
- KM — TS power factor
The main parameter that most affects the final price of OSAGO is: basic rate. The insurer chooses the level of this rate for a particular driver, but within the limits established by the Central Bank of the Russian Federation. These limits are called the tariff corridor.
Under the new rules for motorists the base rate is now calculated in the range from 1646 to 7535 rubles. And how much money will the policy cost me personally?
I have the following coefficients in OSAGO:
CT = 1.8; CBM = 0.46; FAC = 0.91; KO = 1; KS = 1; km = 1.4.
If we multiply all the coefficients, we get 1.06. It is by this value that the new limits of the base rate in rubles must be multiplied in order to obtain the price range for the OSAGO policy for the author of this article. That is, the minimum price for the policy for me is 1745 rubles, the maximum – 7987 rubles.
I recently bought an OSAGO policy and paid 5,000 rubles for it. So the cost of my policy was somewhere in the middle of the individual rate corridor. Judging by the average cost of OSAGO in the country, about 6,000 rubles per year, other car owners should expect something similar.
How to save when buying OSAGO?
In all insurance companies, the price of a policy is now determined individually and is different accordingly.
- Compare offers from different insurers. So you can choose a policy yourself with the best price or with the best price/quality ratio for you.
- Be prepared to switch insurance companies.
The price range for OSAGO in the market is very wide. So my acquainted mini taxi company was able to buy policies for their taxis three times cheaper than their previous insurance company offered them. You just need to look for better offers – like we do when buying phones and home appliances.
- Insurance marketplaces have appeared on the Internet, where you can get offers from dozens of OSAGO insurance companies, compare them and choose the best offer.
This year I did just that – after entering my details and choosing from the comparison list what suited me. Payment – online in one click from anywhere in the country. Comfortable, modern and economical.
- Is it easy to fix a car with insurance these days? How we restored a Citroën from the Za Rulem park after an accident is described here.
- “Behind the wheel” can also be read on VKontakte.