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CTP may soon rise in price in Russia - EastRussia | Far East

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CTP may soon rise in price in Russia

CTP may soon rise in price in Russia
Photo: pixabay.com

The State Duma is preparing a bill on the so-called liberalization of mandatory insurance. Reform may lead to a rise in price of the policy.

Insurers offer to consider the presence or absence of an insurance sensor in a car. The technology allows informing insurers about the speed and geography of a client’s movement. Based on the information collected, it is planned to determine an individual tariff.

As they say "News", the installation will be voluntary, however, in case of failure, the client will calculate the maximum cost of OSAGO. As a result, by the 2020 year for many motorists, the price of insurance can increase by more than 100%. The same bill may also cancel the coefficient for the region of residence and car power.

Another proposal relates to the tariff corridor. They want to expand it from 1 of January of next year by 40%, and from October still additionally by 30%.