The LDPR faction introduced legislation aimed at ending the OSAGO agreement early, with compensation to the vehicle owner aligned with the portion of the policy that remains in force. This point was emphasized by the faction’s deputy head, Yaroslav Nilov, during discussions on the bill.
Nilov argued that terminating an OSAGO contract with an insurance company is currently extremely challenging. He noted that the compensation formula accompanying such a termination appears to be shaped in the insurers’ interests rather than those of drivers.
He proposed a proportional approach: if a driver chooses to terminate before the policy term ends and has not used the policy through half of its duration, then half of the premium should be refunded. This idea, Nilov explained, is designed to reflect actual policy usage and relieve drivers who are no longer able to drive or who no longer require full coverage.
The deputy emphasized that various real-life situations could make early termination advantageous for the driver, such as a temporary loss of driving rights, limited annual driving, or changing circumstances like deployment.
Additionally, Nilov pointed out that this draft law had been paired with an earlier initiative to reduce the minimum OSAGO contract term to as little as one month, reflecting a broader effort to increase flexibility for policyholders. The proposal is described as supported by the state and linked to ongoing reforms in the insurance framework. [Source: parliamentary records, floor discussion on OSAGO reforms]