What determines the cost of OSAGO for a car?

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

OSAGO is a compulsory type of insurance. If the driver drives a motor vehicle without an insurance agreement, then an administrative fine in the amount of five hundred rubles will follow. To prevent this from happening, you need to take an insurance policy from licensed companies. Many drivers think about what the cost of OSAGO depends on. To determine the price of the agreement, you need to know the calculation formula.

OSAGO

All insurance companies use the same formula to determine the cost of insurance for each client individually. It should be noted that the price of an OSAGO insurance agreement for a particular person should be the same in any insurance company.

Characteristics affecting the policy premium

All tariffs and coefficients applied by insurance companies are regulated by the CentralBank of the Russian Federation. Insurers are not en titled to overestimate or underestimate the price at their discretion. What determines the cost of OSAGO insurance? The cost of an insurance agreement premium for each owner of a motor vehicle varies. This is because many factors come into play when calculating the premium. Therefore, before looking for the cheapest offer, you need to understand the procedure for calculating OSAGO.

Power

If the car has a significant power, then, accordingly, the cost of the policy will increase greatly. Power is measured in horsepower. The minimum tariff will be equal to 0.6 - for cars with a capacity of 50 horsepower. The maximum value will reach 1.6 - for machines with a capacity of 150 horsepower.

Tariff depending on insurance territory

What determines the cost of an OSAGO policy? This coefficient (used to determine the territory) depends on the place of registration of the owner of the vehicle. The legislation has established its own tariff for the territory for any region. For example, in the cities of Moscow and St. Petersburg, the highest tariffs are 2 and 1, 8. This is due to the fact that most accidents occur in megacities. For example, for drivers in Chukotka, the rate will decrease and will be equal to 0.7. This rate is lower for villages and villages.

Age and experience of drivers

The more experience a capable person has and the older he is, the cheaper it will cost him to buy an OSAGO insurance agreement. The legislation set a threshold of threeyears. Until the driver reaches the experience of three years, he will buy a policy almost twice as high as the average price. If the owner of the vehicle has a significant length of service and is over 22 years old, but it additionally includes another person, then the calculation will be made at the highest rate. For example, a man insures his car. He is 50 years old and has 30 years of experience. Additionally, he enters a nineteen-year-old son with one year of experience. The coefficient for the son will be the maximum - 1, 8. And it will be used during the calculation of the premium under the contract.

• Tariff 1, 8 - applied for beginners, whose age does not exceed 23 years, and the experience is less than 3 years.
• 1, 7 - for people over 23 years old, but with less than three years of experience.
• 1, 6 - set for people with more than three years of experience, but less than 22 years of age.
• 1 - used for drivers who have reached the age of 23 and three years of experience.

Coefficient depending on the number of people included

What else determines the cost of OSAGO insurance? The premium of the OSAGO insurance agreement also depends on the number of drivers. There are two types of insurance:

• limited policy, (with driver list);
• no face limit.

A maximum of five people can be added to a limited insurance policy by a motor vehicle owner. In this case, the rate will not increase and will be equal to one.

If the owner of the car needs more drivers, then you need to take a policy without restriction on the list. In this variant,any driver (who has the right to do so) will be able to drive the vehicle. What determines the cost of OSAGO without limitation? When choosing an agreement without limitation, a rate equal to 1.8 is used. Thus, an OSAGO agreement without a list will cost eighty percent more than usual.

Crash rate

What determines the cost of OSAGO for a car? To calculate the price of the agreement, a coefficient is also taken, depending on the presence of an accident. This coefficient is of great importance during the calculation of the contract price, as it can significantly lower or increase it. Each person who has the right to drive by law is assigned an accident class. A beginner in the first year of insurance is assigned class No. 3. Further, every year the coefficient increases by one, at the same time, a person receives an additional discount from the total cost of the premium, at 5 percent. The largest discount will be equal to 50% and the class will be 13. At the same time, the class and discounts are not saved for cars, but only for a specific person.

If a driver has an accident, he automatically loses some of the discounts and his class will be downgraded. If a person initially had class number 3 (he is a beginner), then it will decrease and turn into 1, and the tariff will become 1.4. This rate will be valid for three years. And if during this period a person does not get into traffic accidents, then he will again receive class No. 3 and the rate will return to its previous state, will be equal to 1 (without discounts). If a person with class No. 13 got into a traffic accident,then his class will drop to 7, but the discounts will remain in the form of twenty percent.

What determines the cost of OSAGO? It is worth noting that the accident class will increase only if the agreement is valid for one policy year. If, for example, the owner of the car, for personal reasons, decided to sell the car and terminate the contract, then the next time he wants to insure the car, the class will remain the same, since the previous contract was not valid and was terminated within a year. Thus, in order to reduce the insurance premium and maximize the class, you need to use the policy for a whole year.

The difference between the accident rate and the others is that in this case the discount depends on the person. For example, the driver cannot reduce the power of the car at his own discretion, since he has already purchased it with such data. But the driver can influence the policy premium through accident-free driving.

Seasonal factor

What determines the cost of OSAGO car insurance? The value of the insurance agreement premium is influenced by many characteristics, one of them is seasonality. The term of the standard policy is twelve months. If the owner of any means does not use the car for a whole year, and for example, only in summer and autumn, then an agreement can be concluded for a period of six months, thereby reducing the price of the insurance contract. The law allows you to conclude a contract for at least three months, while the rate will turn into 0.5. The maximum rate is one and is applied from tenmonths. Thus, it is possible to reduce the price of the agreement if the owner only uses the car during the season.

Policy coverage ratio

When buying any product in another region, you need to transport it to the place of registration. To do this, you need to take out an insurance policy. A policy intended for the transit of funds is issued for a period of 20 days, with a coefficient of 0.2 applied. The driver purchases this insurance contract and follows to the place of registration. Next, you will need to conclude a new OSAGO insurance agreement.

Gross driver violations

What determines the cost of OSAGO? The price of the policy also depends on the actions of drivers. If the driver violated the law, the rules of the road, then the price of the policy will increase. For this, a coefficient is applied, which is affected by violations. It will become 1.5 if:

• driver gives employees false information;
• deliberately causing a traffic accident;
• violates laws, such as driving while under the influence of alcohol;
• leaves the scene of a traffic accident without waiting for law enforcement officers;
• transfers control of the vehicle to a person who is not included in the OSAGO insurance contract.

Base rate

The base rate is the amount determined by the Central Bank of the Russian Federation. The base rate is the same, but there are differences depending on the type of vehicle.

To determine the amount of the base rate,specialists calculate the amount of premiums and payments on them for a certain period. The coefficient is selected in such a way that the amount of payments is less than the money received for insurance. But at the same time, the cost of the policy should not be high so that insurers can purchase a contract. The Central Bank of the Russian Federation has the right to lower or raise the rate once a year. Below are the basic vehicle rates.

Vehicles	Fare
Motorcycle	1579
Vehicles of category "B", "BE"	4118
Taxi	6166

What determines the cost of OSAGO on a motorcycle? The price of a motorcycle policy, like any other vehicle, will depend on the coefficients. But the main difference in the calculation is the base rate. The table shows that the rate for a motorcycle is much lower compared to the rate for other vehicles.

Owner or policyholder

What else determines the cost of OSAGO? There are situations when the owner of the vehicle cannot independently purchase insurance. In this case, he can transfer the right of insurance to another person. For example, the owner is away and asks his wife to insure the car. Will the value of the contract change in this case?

OSAGO has no influence on the price of the insurance agreementpolicyholder. That is, regardless of whether the owner is the insured or another person, the amount will remain the same. Only the entered driver will have an impact on the final premium. If, for example, a spouse additionally includes herself as a driver in the list, then the cost may change in the future. This will depend on the accident class of the drivers listed.

Does the cost of OSAGO depend on the insurance company?

Under the law, insurance companies do not have the right to underestimate or overestimate the premium under the contract. All insurance companies licensed to provide this service use the PCA system. After the conclusion of the OSAGO agreement, the company provides information about the agreement to the PCA database within five days. Thus, the price in all insurance companies should be the same. If employees claim that they can offer to purchase a contract at a lower price, then you should think about the authenticity of such policies. Typically, scammers offer policies to insurers at a price two times lower than usual. But a fake policy will not protect you in the event of a traffic accident. Therefore, in order to avoid problems, you need to familiarize yourself with the license of the insurance company and only after that conclude an agreement.

But sometimes there are still failures, and the driver loses his discounts. For example, the owner of the car has always insured in one company, but then decided to move to another. And when calculating the cost of a policy in a new company, the amount comes out much more. With such a problem, the driver must contact the PCA in order to return all their discounts.

What determines the cost of OSAGO in Rosgosstrakh? The organization is the largest insurance company in the Russian financial market. She has many clients who come for policies year after year. The price of a policy in a company depends on all of the above factors and cannot be lower than in other companies. Often scammers, hiding behind the names of well-known organizations, offer their clients their contracts. Therefore, you need to be careful. Fraudsters usually make one mistake in the company name.

Conclusion

What determines the cost of OSAGO? The price of the policy depends on the characteristics of the vehicle, as well as on the drivers themselves and the type of insurance. The owners may have the same cars and age, but the amount of the policy will be different, since the length of service and driving experience of each driver included in the contract is of great importance when calculating the premium. In order to reduce the cost of the insurance policy, drivers need to be careful while driving, avoid accidents and follow traffic rules.