Since September 11, the cost of analog spare parts is included in price guides used to calculate repair costs under OSAGO when the original part is not available on the market. This rule applies to all car makes, regardless of the country where the vehicle was manufactured. In the past, when an original spare part was not on sale, its value often did not appear in the directory, creating complications in loss settlements.
Starting tomorrow, the range of rates for this type of insurance will broaden even further, effectively driving prices up in some cases. The expansion means more rate options and a wider corridor for pricing OSAGO policies.
For most vehicle owners, the base rate corridor for OSAGO has been extended by about 26 percent in either direction. Private car policies now see insurers set the base OSAGO rate for each driver within a range from 1,646 to 7,535 rubles. Public transport tariffs, by contrast, will widen by 17.8 percent in both directions. Territorial coefficients will be recalibrated using the latest available data to reflect current conditions more accurately.
The Bank of Russia expects these changes to temper price increases for OSAGO by enabling insurers to tailor prices more closely to the circumstances of individual drivers and vehicles rather than applying a one size fits all approach.
This marks a continuation of a trend where tariff corridors shift over time. A previous adjustment in September 2020 widened the corridor by 10 percent in both directions, and the resulting effect in 2021 was a modest rise in the average OSAGO premium compared with 2020. The current move aims to balance risk, pricing transparency, and market stability for insurers and policyholders alike, drawing on fresh data and ongoing regulatory guidance. Attribution: Bank of Russia, official communications and statistical releases.