Auto insurance: registration, calculation

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Purchasing a car is accompanied by a number of procedures that must be done. These include the conclusion of a contract of sale (donation, inheritance, etc.), and the passage of maintenance, and car insurance, and registration with the MREO traffic police. Moreover, you need to go through all this in exactly the listed order, otherwise at the next stage you will be sent to the missed item.

Let's take a closer look at what motor third party insurance is and everything connected with it.

Insurance rules

Car insurance is a mandatory procedure in our country. An insurance policy must be obtained for all types of vehicles. The only exceptions are vehicles that, due to technical features, do not move at a speed above 20 km/h, belong to the Ministry of Defense of the Russian Federation, or are not allowed to operate at all.

If necessary, you can insure a car in another region, that is, not at the place of registration. In this case, it is advisable to simply select a company or representative office available in the region where youwill use the car continuously in the coming year (or other period of validity of the policy).

Lack of insurance in the first 10 days after the conclusion of the contract of sale does not threaten, in principle, with anything other than a warning from a traffic police officer, because these 10 days are the deadline for obtaining all the necessary documents. But since auto insurance is mandatory, you can get a fine for non-compliance with the requirements when stopped by law enforcement officers. It will amount to 800 rubles. And so it will continue until the insurance policy is issued.

Where can I insure my car?

Auto insurance is issued at the branch of any specialized company that is engaged in this type of activity. There are a huge number of such organizations now, but it is better to choose well-known and proven ones so that when an insured event occurs, you will not be left without anything. The most famous among them are: Rosgosstrakh, Ingosstrakh, Intouch, Renaissance, etc.

What documents are needed

Auto insurance is issued under any program. The selected insurance company requires the following documents:

1. Passport of a citizen of the Russian Federation.
2. Driver's license.
3. PTS.
4. Diagnostic card with valid inspection data.
5. Contract of sale (donation, etc.).
6. Power of Attorney (if you are insuring a car not registered to you).

Insurance Options

Car insurance exists in 2 versions: OSAGO and CASCO. When buying a car (new) from a car dealer, insurance is issued in the form of CASCO without fail. On a used car, you can issue OSAGO or CASCO to choose from.

At the same time, the CASCO policy has several varieties, which are called differently by different companies. For example, mini-CASCO - protection only from an accident, paying a part of the amount, and the rest is paid extra in case of an insured event.

OSAGO insurance

The easiest and cheapest insurance option. OSAGO protects the car only in the event of an accident (OSAGO does not protect against theft, damage, and the like, contrary to various opinions, and the insurer will not pay you anything).

Now on every corner you can find the inscription "OSAGO auto insurance". Rosgosstrakh and other well-known companies that have been operating on the market for a long time, as well as a large number of lawyers, do not recommend contacting small offices. It is better to take out an insurance policy more expensive, but in which case you will definitely get your money.

CASCO insurance

CASCO is a type of insurance that protects against theft or damage, providing for the liability of the insurance company in case of theft or damage to the car and the payment of losses.

Insured events in which CASCO is valid:

• Collision with another vehicle.
• Run into objects and animals.
• Car overturning as a result of an accident.
• Damage to the vehicle by objects falling on it, including trees, branches, snow or ice in winter, and cargo during loading and unloadingworks.
• Ejection of objects from under the wheels of another vehicle moving next to yours, resulting in damage to parts of the vehicle or an accident.
• Submergence due to flooding, road failure, accidental entry into water or ice.
• Fire, explosion.
• Intentional or unintentional damage or destruction of the vehicle, theft by third parties.

CASCO auto insurance does not cover the following situations:

• Damage to the vehicle while driving by a third party (without a license, not included in the policy, while intoxicated).
• Drunk driving.
• Damage to rims, paintwork, etc. (as long as it doesn't affect other vehicle parts).
• Theft of wheels or license plates (if they were stolen without causing damage to the car).
• Theft of the car radio (provided that the radio panel was left in the car).

Cost of insurance policy

The cost of insurance depends on several elements:

• Vehicle power in l/s.
• Age and driving experience of the car owner (for people over 21 years old and with more than 3 years of driving experience, insurance is cheaper than for 20-year-olds with 1 year of driving experience).
• Number of possible drivers (here it is worth considering that making insurance without restrictions will be cheaper than adding 3 people to the policy).
• Region of insurance (in the central regions it often costs more than in moredistant).
• Crash-free driving (if you don't get into an accident at all, then your policy will cost less than those who are constantly involved in an accident through their own or no fault of their own).
• Seasonality (applying for one or 2 seasons, and then renewing it will be more expensive than applying for the whole year at once).

You can calculate the cost of insurance using calculators on the Internet.

How is damages compensated?

In order to receive monetary compensation, you need to contact the insurance company that issued the policy no later than 14 days after the insured event.

In this case, 2 scenarios are possible: repair in the service station under insurance from the insurer (the service station and the company have an agreement on the provision of auto repair services). There are both positive and negative sides here. The advantage is that the owner does not have to look for a repair shop himself. But the repair may be delayed, the car may not be returned for a long time, but make it even worse than it was. Therefore, it is better to get a payment in monetary terms from the insurance company.

When an insured event occurs, the following documents must be submitted to the insurance company:

• Insurance contract (original);
• Driver's license (copy);
• Vehicle registration certificate;
• Documents from the traffic police or other structures confirming the fact of what happened (originals);
• Original or copy of the work protocol indicating the list of parts and parts that were replaced, materialsand the amount paid for them, original invoices and documents that confirm the fact of payment of all of the above, if necessary.

If you have CASCO auto insurance, you must also provide the following documents:

• Original paid bill for towing the car, if any.
• If the car is damaged or beyond repair due to natural disasters, a document from the federal environmental agency will be required.
• Also, the insurance company may require a decision to suspend the investigation or terminate the criminal case, a copy of the indictment, as well as the results of a medical examination, if any.