Many Russian motorists continue to believe various rumors and myths about the mandatory “autocitizenship”. Insurers decided to expel the most common.
Myth 1 – OSAGO is getting more expensive
This rumor always arises against the background of the expansion of the OSAGO tariff corridor, which the Central Bank of the Russian Federation is correcting in view of the current situation.
In fact, according to insurers, such a measure actually slows down the price increase of car insurance. Using the rate corridor, they offset the losses incurred by risky drivers by raising the price of policies just for them. For prudent motorists, the costs remain unchanged and sometimes decrease. For example, every third car owner received the maximum discount of 56% for KBM in the second quarter of 2022.
Myth 2 – it takes a long time to receive a payment under OSAGO and there is a high risk of refusal
According to paragraph 21 of article 12 of the law “On OSAGO”, the insurer is obliged to make insurance payment within 20 days from the date of acceptance of the application for payment of insurance compensation. There must be good reasons for refusing to pay, so a conscientious motorist has nothing to fear: the insurance company will pay the amount owed without fail and on time.
Myth 3 – OSAGO payment never covers the cost of repairs
The PCA updates the spare parts folders every three months in accordance with the Unified Methodology for Determining the Cost for the Restoration Repair of a Damaged Vehicle of the Central Bank of the Russian Federation. This allows you to regularly update the information contained therein about the average cost of spare parts. The amount of the insurance payment directly depends on these prices.
Updating the guides will allow you to adjust the amount of insurance benefits according to the market situation. So, after the updated spare parts manuals came into effect on June 19, the average payment in July increased by 13% and amounted to 80.8 thousand rubles.
Myth 4 – Insurance companies refuse to sell the policy to high risk drivers
Under the “On OSAGO” law, insurance companies do not have the right to refuse a car owner in OSAGO if he has provided all the necessary documents in paper or electronic form.
A reinsurance pool has been created in OSAGO especially for risk categories of motorists. He increased the availability of “autocitizenship” to all “unprofitable” categories of motorists: for taxi drivers and other car owners who are fans of fast driving, who often get into accidents, so they should even hypothetically have no trouble buying policies.
Source: Z R
