According to the latest data from the Russian Union of Motor Insurance (RSA), the average OSAGO premium in the week from September 26 to October 2 across the country reached 7,683 rubles. This figure marks a 10% increase from the previous week, which stood at 6,985 rubles—a rise observed as the tariff corridor expanded. The tariff corridor itself grew by 26% during this period, signaling broader pricing movement across insurers.
Regionally, the dynamics varied. In 64 regions, the year-on-year or week-on-week growth in the average OSAGO premium stayed within a 15% band, with 28 of these regions recording increases not exceeding 10%. However, in three regions the average premium declined:
- Republic of Sakha saw a 7% decrease, moving from 6,131 to 5,670 rubles.
- Yamalo-Nenets Autonomous Okrug slipped by 5%, from 7,411 to 7,067 rubles.
- Khanty-Mansi Autonomous Okrug fell by 4%, from 7,686 to 7,388 rubles.
Looking at the top five regions by the number of car owners, the OSAGO premium increased by 9 to 15% in each of these areas. In Moscow the average rose 9% from 11,012 to 12,054 rubles, in Moscow Region it climbed 15% from 8,868 to 10,247 rubles, in St. Petersburg the increase was 14% from 9,213 to 10,462 rubles, in Krasnodar Territory it grew 10% from 6,714 to 7,407 rubles, and in the Republic of Bashkortostan the rise was also 10%, moving from 6,194 to 6,843 rubles.
Insurers point to a simultaneous increase in the cost bases used in OSAGO calculations. According to Yevgeny Ufimtsev, executive director of RAMI, the price indices used by insurers have risen by about 30%. This shift in the input data has contributed to a noticeable uptick in the average gross payment under the compulsory policy for vehicle owners. Data from the Bank of Russia confirms a broader inflationary backdrop, with overall consumer prices up around 14 to 15%, while the cost of auto parts often grows faster than general inflation.
Amid this environment, the observed growth rate of OSAGO premiums remains relatively modest at about 10%. Industry commentators attribute this to heightened competition among insurers, who are striving to retain break-even customers by maintaining competitive pricing while balancing risk, administrative costs, and the evolving regulatory landscape.
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