Sales of CASCO used car policies boomed in Russia

The events of February led to a noticeable increase in prices for anything and everything: new and used cars, spare parts, consumables and services have risen in price in Russia. And the rise in prices is only half the trouble. The other half is a deficiency. It is therefore not at all surprising that motorized citizens focused on the “preservation” of their property. Indeed, in such circumstances, any accident turns into a real nightmare – even for those who are recognized as victims and repaired under OSAGO.

“Avtograzhdanka” did not really work before, but now everything has become really bad: due to the lack of spare parts, the repair time for cars has greatly slowed down, strange car services to which insurers send customers to fulfill their obligations ugly, the funds paid are categorically not enough (you can learn more about OSAGO issues from AvtoVzglyad portal online conference here).

So it turns out that CASCO is the only way to somehow protect your nerves and wallet in case of an accident. This is probably why the demand for voluntary car insurance began to grow rapidly: last month, policy sales increased 5.4 times, when comparing November’s figure to January. And most likely, this trend will continue, because the crisis – with too high prices and shortages – will not weaken grip in the near future.

The events of February led to a noticeable increase in prices for anything and everything: new and used cars, spare parts, consumables and services have risen in price in Russia. And the rise in prices is only half the trouble. The other half is a deficiency. It is therefore not at all surprising that motorized citizens focused on the “preservation” of their property. Indeed, in such circumstances, any accident turns into a real nightmare – even for those who are recognized as victims and repaired under OSAGO.

“Avtograzhdanka” did not really work before, but now everything has become really bad: due to the lack of spare parts, the repair time for cars has greatly slowed down, strange car services to which insurers send customers to fulfill their obligations ugly, the funds paid are categorically not enough (you can learn more about OSAGO issues from AvtoVzglyad portal online conference here).

So it turns out that CASCO is the only way to somehow protect your nerves and wallet in case of an accident. This is probably why the demand for voluntary car insurance began to grow rapidly: last month, policy sales increased 5.4 times, when comparing November’s figure to January. And most likely, this trend will continue, because the crisis – with too high prices and shortages – will not weaken grip in the near future.