April 29, 2025
Auto

Why the OSAGO policy will soon rise in price again

  • August 25, 2023
  • 0

The Russian Union of Auto Insurers (RSA) calculated that in July 2023 the average payment for OSAGO was a record amount of 93,000 rubles. At the same time,

Why the OSAGO policy will soon rise in price again
The Russian Union of Auto Insurers (RSA) calculated that in July 2023 the average payment for OSAGO was a record amount of 93,000 rubles. At the same time, the insurance industry is complaining strongly about the low rates, so we are waiting for a new increase in the cost of a compulsory policy.

In June, companies paid their victims an average of 91,300 rubles, almost 2% less. And it is better not to compare at all with similar indicators from last year: the average payment for OSAGO for the first half of 2022 is 30% lower than the current one. It is true that at the time the fee was still calculated according to the PCA guides with pre-crisis prices for components.

This year, “car citizenship” payments are rising, adding 5-6% each month. And in parallel, insurers are complaining about the catastrophic slowdown in the rate growth for the average cost of an “auto insurance policy” from the current rise in average payments. Since December last year, there was therefore only an increase in July, which was about 1%:

If the trend continues, we will see a significant increase in the price of the “autocitizen” policy before the end of the year. Insurers will not work at a loss, with their lobbyists in the highest balance of power naturally helping them again.

    In June, companies paid their victims an average of 91,300 rubles, almost 2% less. And it is better not to compare at all with similar indicators from last year: the average payment for OSAGO for the first half of 2022 is 30% lower than the current one. It is true that at the time the fee was still calculated according to the PCA guides with pre-crisis prices for components.

    This year, “car citizenship” payments are rising, adding 5-6% each month. And in parallel, insurers are complaining about the catastrophic slowdown in the rate growth for the average cost of an “auto insurance policy” from the current rise in average payments. Since December last year, there was therefore only an increase in July, which was about 1%:

    If the trend continues, we will see a significant increase in the price of the “autocitizen” policy before the end of the year. Insurers will not work at a loss, with their lobbyists in the highest balance of power naturally helping them again.

    Source: Avto Vzglyad

    Leave a Reply

    Your email address will not be published. Required fields are marked *