CBR published the new tariffs CTP

15 June 2018

We are talking about the extension of the base fare and the introduction of new coefficients

the Entire 2018 discusses the expected reforms of the CTP. Now the Central Bank finally released project guidelines on the size limit of base rates and factors of insurance tariffs by insurance.

Preferences motorcyclists and entities

Most motorists will have to pay more than before. However, there are those who can save. The new tariffs will reduce not only the lower boundary of the corridor for all types of vehicles by 20 %, but in some cases will decrease and the upper limit. So, for motorcycles and scooters it will decrease by 10.9 %, for cars of legal entities — by 5.7 %.

At the same time for all other vehicle categories limit value of base fare will increase by 20 %.

New KBM — once a year

the project mentioned and the reform of the coefficient of bonus-Malus (MSC). If now the MSC is recalculated at the time of expiry of previous insurance policy, now it is planned to calculate it once a year. It is expected that this measure will allow to exclude cases of zadvoenie MSC. From 1 January 2019 for all drivers who have in the database of the Russian Union of insurers listed more than one value of the MSC, is assigned the lowest of the available database values.

Today sometimes, a motorist may be one of the MSC as a driver and one as the owner of the vehicle. Continue for each driver will be assigned to one insurance history. Other changes relate to legal entities: they will receive a single MSC for all their vehicles. This will simplify the tenders for the purchase of insurance policies.

Extension base rates

If you ignore exceptions like motorcyclists and legal entities, the base rate will increase by 20% up and down. Thus, if today it is set at 3432-4118 rubles and 31 August may be 2746-4942 rubles.

it is Expected that this will allow insurance companies more flexibility to the formation of tariffs for each individual site. However, in the majority of regions will probably get the highest possible base rate.

Also, changes are planned for part of the coefficients changing depending on the age and experience of the driver. If today is provided by only four age categories, soon their will be 50. However, the final amount of such variance will not change so much: it can increase or decrease only by 4.5 %.

the approach of the new reform

the CBR said that the published draft is just the first step. A key objective of the regulator is to stabilize the situation on the market of compulsory insurance. So in the second half of 2018 or in 2019, you can expect another change.