OSAGO may rise in price by 5-10%



July 19. FINMARKET.RU – The cost of OSAGO in 2021 may increase by 5-10%, the large insurance companies told Izvestia. Insurance companies expect an increase in the price of compulsory motor third party liability insurance in 2021 due to an increase in the average size of losses and the number of calls due to accidents. In those segments where the cost has not yet reached the maximum limit of the tariff corridor established by the regulator, the market will increase the price of the policy by about 5%, said Lusine Bundakova, deputy general director and regional director of the Yugoria group of insurance companies. Evgeny Popkov, head of the product management and marketing department of MAKS Insurance Company, agrees with this forecast. In his opinion, there will be no sharp jump in unprofitability, but the increase will affect tariffs. Ingosstrakh believes that a rise in prices is possible in a number of regions and for certain categories of clients.

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