The Russians began to massively refuse to purchase compulsory motor third party liability insurance (OSAGO), even under the threat of fines. This was due to the inefficiency of the system and increased policy prices. leads to Words of the vice president of the National Automobile Association Anton Shaparin News.ru.
“We’ve already seen three increases in insurance prices this year – now they call it ‘widening the tariff corridor’, but there has been no mention of insurance companies selling their products cheaper. “Expanding the corridor” is such a euphemism,” Shaparin said.
According to him, the 26 percent expansion of the tariff corridor, planned for September 13, is actually an increase in insurance prices. Companies will have the opportunity to sell products cheaper and more expensive, but will only use this upwards to increase their profits.
September 2 Central Bank announcedOSAGO reported that the base rate corridor will be expanded by 26% in both directions for most vehicle owner categories, starting the 13th of this month. For citizens’ passenger cars, the base rate of OSAGO will be set by insurance companies in the range of 1,646-7,535 rubles per driver. The tariff corridor for public transport will expand by 17.8% in both directions.
Source: Gazeta
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