Insurance may be cheaper

27 September 2018

For whom insurance will be affordable?

A few days ago should happen the long-awaited reform of the CTP, which in the summer moved to autumn. Within its framework it is planned to expand the tariff corridor in both directions: instead of the current fork 3432-4118 rubles will be set 2746-4942 rubles. Also the insurance company will have greater flexibility in costing, reducing the cost of the policy in the revenue regions and increasing in "toxic". As stated earlier, the Deputy Chairman of the Central Bank Vladimir chistyukhin, as a result of innovations, the average policy will rise 5.8 thousand to 7 thousand. But the Finance Ministry is also developing an alternative bill. A number of interesting details announced Deputy Finance Minister Alexei Moiseev.

Two key innovations that have yet to discuss the affect the abolition of the traditional factors. In particular, it is proposed to leave in the past the dependence of the price of the policy from car power. Alexey Moiseev stated that there is no evidence that power affects the accident rate. Plus, the asset of powerful and expensive cars are often found preventive safety systems that reduce the risk of an accident.

It is also proposed to abolish the territorial factor. Of course, the problem of "toxic regions" (i.e. regions, where large losses of insurance companies due to fraudulent actions of speculators) it will not solve. But companies will not cross-subsidize regions. Mr. Chistyukhin said that the territorial factor is contrary to the principle of unity of the territory.

Also the Ministry of Finance proposes to provide the opportunity to increase the sum insured subject to the agreement of the policyholder and the insurer with a base of 400 thousand rubles up to 1 or 2 million. Plus, this will be an opportunity of concluding the insurance contract, over three years. This item is not like the insurance companies: in their view, this long period is dangerous because at the time of concluding the contract, the insurer may not know anything about the client. That is, it can offer a good price for a bad driver to renegotiate the contract could only be at the end of three years.

All these possible innovations will give motorists? To win the owners of a powerful (160 horsepower) machines registered in cities with high territorial coefficient. Today they can apply the ratios to 1.6 and 2.1, respectively. In other words, the ultimate value of the policy increases 3.36 times. If these bonuses are canceled, then insurance will become cheaper.

On the other hand, insurance companies will have to compensate losses at the expense of the rest of the customers, so for someone insurance policy will be more expensive. So far, this is only the draft amendments, which have yet to discuss and approve.