According to the Bank of Russia, a proposal has emerged to shift the base OSAGO rate corridor for most vehicle categories by up to 26 percent in either direction. This adjustment mirrors a broader rise in the cost of spare parts and a reassessment of the bill of materials used to compute insurance payouts. The goal behind this proposed realignment is to ensure that tariffs reflect current market prices for components and the typical repair scenarios seen in real-world crashes, thereby keeping payments aligned with actual repair costs.
For private passenger vehicles, insurers would determine the base OSAGO rate for each driver within a wide band, typically ranging from 1,646 to 7,535 rubles. In contrast, for public transportation vehicles, the tariff corridor would see a similar expansion by 17.8 percent in both directions, signaling a more pronounced shift in premium latitude for commercial and urban mobility fleets. These movements are designed to capture the evolving risk profile of different vehicle types and usage patterns.
The draft tariff guidelines are currently under public discussion and are open for input through June 28. Stakeholders including insurers, consumer groups, and fleet operators are weighing in on the implications of the proposed changes, seeking clarity on how the new ranges will translate into actual premium quotes for drivers across the country. This consultation phase underscores the regulator’s intent to balance affordability with sustainable funding for insurance pools.
The regulator explains that the increase in rates is largely driven by updated cost folders for spare parts. According to their calculations, the parts most frequently involved in accidents have seen price rises averaging about 28.7 percent. Since OSAGO reimbursements are calculated using these cost folders, the revision of part prices exerts pressure on the pricing framework, even if the tariff corridors themselves do not directly set new rates. This mechanism helps ensure that reimbursements remain realistic in the face of market price shifts, thereby preserving the integrity of the insurance system.
Looking back to September 2020, the tariff corridor was widened by 10 percent in both directions, and by 2021 the average OSAGO premium had edged upward by roughly 1.85 percent compared with the previous year. The current trajectory, with its expanded corridors, is intended to support continued tariff individualization. The perspective offered by the Public Carriers Association emphasizes that prudent drivers who avoid contributing to higher accident rates may not shoulder disproportionate costs, while those with higher claim histories could experience proportionate adjustments. This approach aligns with a broader push toward more differentiated pricing that reflects actual risk rather than broad averages, all within the bounds of regulatory oversight and consumer protection principles.