There are two possible developments for the bonus-malus coefficient after a Russian driver terminates compulsory motor insurance. This comes from a report in Behind the Wheel, based on information from the Soglasie insurance company.
The bonus-malus coefficient is recalculated every year on April 1. The calculation looks at how many payments the insurer collected in the period from April 1 of the previous year to March 31. With that in mind, two scenarios can occur. If a policyholder plans to take a vacation and renew the policy after April 1, the bonus-malus coefficient will be updated to reflect the number of insurance payments made in the previous period, which can lead to a decrease or an increase in the coefficient. This explanation comes from Soglasie and a review of damage payments.
Another point noted by the insurer is that if the driver renews the policy before April 1, the bonus-malus coefficient will not be recalculated for that year.
In the past, some drivers faced unclear reasons for engine wear that weren’t immediately explained, creating questions about maintenance needs and preventive care.
Automobile experts also highlighted common mistakes Russians make while driving in spring. A frequent issue is neglecting routine vehicle maintenance, which can lead to unnecessary wear and more frequent repairs as the weather shifts and road conditions change.
Additionally, there was a notable development regarding regulatory oversight over taxi services in Russia when the authorities granted a green light to certain control measures affecting Yandex Taxi operations. This shift underscored the broader context in which insurance, maintenance, and compliance intersect for drivers and fleets alike.
Overall, the key takeaway is that policyholders should monitor their payment history and renewal timing to understand how the bonus-malus coefficient might shift. Staying informed about maintenance needs and seasonal driving practices can help minimize risk and cost. The guidance from Soglasie and industry experts provides practical steps for drivers to manage their policies and keep their vehicles in good condition as seasons change.