Payment for compulsory motor liability insurance in installments

OSAGO in installments up to 12 months.

The MTPL policy is a mandatory civil liability insurance document. All car owners should have it. Its main function is to compensate losses for damage caused to property, health and life of passengers in the event of an insured event. Having insured its civil liability, all expenses for paying bills, repairs and treatment in the event of damage to third parties by the driver are borne by the insurance company.

Purchasing compulsory motor liability insurance in installments

You can apply for a policy at almost any insurance company, as well as at some banks, for example Tinkoff. You can complete the procedure in person during a personal visit to a branch of the organization, fill out an application by phone, or fill out all forms via the Internet. Some companies offer to receive the policy immediately and pay in installments, without a down payment or interest. If you have an installment card and the insurance company is a partner of the bank, then you can get the policy in installments, even if the insurer itself does not offer such a service.

Insurance companies-partners of installment cards:

The market leaders in the sale of MTPL policies are:

IC "Rosgosstrakh" They work 24 hours a day, 7 days a week. You can complete the documents at one of their offices or online. A nice feature is that in the event of an accident, the driver has the right to independently choose the place where the car will be repaired.
IC "Reso-garantiya". This company allows you to choose various extensions for a standard MTPL policy, and also provides its services online. This means that a driver can complete and continue their insurance document online without visiting the company in person.
IC "Ingosstrakh" This organization has a loyalty program - regular customers are entitled to various bonuses and discounts. As an additional service, you can order and pay for a technical inspection guarantee. To complete the documents, you can visit the company in person or submit an application on the website. To compensate for costs, the organization provides various payment options.
IC "Renaissance-Insurance". You can get a policy by coming to the company’s office, or order a document online, or by phone. There is a courier delivery service for papers. When involved in an accident, the driver himself chooses the method of compensation for the damage caused.

This is a list of the most popular companies, but their experience in the market does not mean that they can offer the most favorable conditions. Dozens of organizations throughout Russia, including large banks, provide services of this kind. Therefore, before submitting an application, it is worth studying the prices and choosing the best offer.

How the cost of the policy is determined

Each insurance agent creates its own cost of the MTPL policy, but restrictions on the minimum and maximum amount are set by the Central Bank of Russia. The price is affected by the following parameters:

Car power . If the vehicle for which the document is being drawn up has an engine of up to 50 horsepower, a coefficient of 0.6 is taken for calculation. If the machine's productivity is higher, this figure increases to 0.9. The policy will cost the most for drivers whose vehicles have a capacity of over 150 units - then when calculating, the cost is multiplied by 1.6;
Registration address of the car owner . In every region of the Russian Federation there are compulsory motor vehicle liability insurance coefficients regulated at the legal level. For example, in the capital there is an increased risk of getting into an accident due to difficult traffic and a large number of other car owners. Therefore, in Moscow this coefficient is 2.0, and in the Moscow region – 1.7;
Driving experience and driver age . When applying for compulsory motor liability insurance, there is no maximum age for the owner of the car, but long driving experience plays into his hands. If the driver is 20 years old and has been driving the car for only 2 years, then there is a high risk that he may have an accident, so in the calculations the amount is multiplied by 1.8. When the total driving experience reaches 3 years, and the car owner is over 22 years old, then this coefficient is reduced to 1;
Number of accidents . Insurance companies offer favorable conditions to drivers who drive carefully and follow all the rules. Therefore, if during the validity of the previous policy the owner was not involved in an accident, then when drawing up the next document he is entitled to a 5% discount. These discounts are cumulative each subsequent year without incident, but their total amount cannot exceed 50%;
Number of drivers . If an unlimited number of people have the right to drive a vehicle, this is taken into account when calculating the price of the policy and is entered in the appropriate column. Then the cost is multiplied by 1.8. When the circle of these persons is officially limited, and their contacts are included in the MTPL policy, its price does not change;
Policy validity period . An insurance document can be issued for a period from 3 months to a year. Accordingly, the shorter the duration, the lower the price will be.

Some insurance companies artificially inflate prices for their services. Therefore, before completing the paperwork, you should carefully study all the offers and choose the most profitable one.

How to pay

Each insurance organization chooses its own payment methods for its services. Most often they offer the following options:

when purchasing documents in the office, you can pay for them at the branch’s cash desk in cash or by card;
for legal entities, the most common method is using bank details to a current account;
Online banking will be convenient for individuals after completing an application on the website.

When using an installment card, payment must be made either online or through a terminal at the company’s office.

Disadvantages of applying for an installment plan from an insurer

If payment is late or payments are not made on time, the policy will have to be issued again. This is fraught with an increase in cost due to the increased coefficient, lack of bonuses and discounts;
monthly payment of the cost may be more expensive than annual paperwork;
When you issue compulsory motor liability insurance for 3 months, its cost may increase due to changes in tariffs and prices. A 12-month policy does not imply surcharges or additional payments, so if the price list changes, this will not affect the client in any way.

In the absence of an issued (or extended) MTPL policy, it is better not to use the car temporarily, as this is fraught with a number of consequences - from traffic police fines to large damages if you get into an accident.

Is it possible to issue OSAGO in installments?

Having an MTPL policy is a mandatory requirement for every driver, which is enshrined in current legislation. However, this service is paid, so it is not always pleasant for motorists, because few people are interested in additional expenses. To reduce a one-time payment, the driver can use a service from insurers such as compulsory motor liability insurance in installments. In this way, he will be able to spread out the payment over time and avoid significant one-time expenses.

What is OSAGO insurance?

OSAGO, that is, compulsory motor third party liability insurance, guarantees compensation for damage caused by motorists to third parties. It is at the expense of the insurance company that the victim is compensated for the costs of restoring the car, as well as for treatment, but not more than the maximum amounts:

400 thousand rubles – for damage to property;
500 thousand rubles – for harm to life and health.

It should be borne in mind that this insurance does not cover the property of the person responsible for the accident, but it allows compensation for the expenses of the victim.

This type of insurance is regulated by the federal law of the same name, which stipulates all aspects of its use.

The MTPL policy is valid for one year, after which it must be purchased again. Lack of valid insurance or driving without a policy, according to the law, entails administrative liability in the amount of 500 or 800 rubles. In addition, without MTPL insurance, a motorist will not be able to register the car with the traffic police.

Cost of OSAGO policy

To calculate the insurance payment, a special formula is provided, which is established by the Central Bank of Russia:

T = TB x CT x KBM x KVS x KO x KM x KS x KN.

As you can see, the cost of the policy is influenced by many factors that should be understood. So, the first coefficient is TB, the basic tariff. It depends on the type of vehicle and who owns it. So, for cars owned by individuals, it is 2746-4942 rubles.

The second coefficient - CT - indicates the territory in which the vehicle will be operated. Depending on the region, its size ranges from 0.6 to 2.1. The bonus-malus coefficient (BMR) characterizes the driver’s experience and his lack of insurance claims. The digital value of the indicator is determined using a special table and ranges from 0.5 to 2.45. KVS means the age and experience of the driver. Its values are set from 0.96 to 1.87. KO - depends on the number of persons allowed to operate the machine. The KM indicator is influenced by the technical parameters of the car engine. KS is the period of active operation of the vehicle. Well, the last indicator, which is equal to 1.5, is used only in exceptional cases - if the driver deliberately distorts or provides false information to the insurer.

Is it possible to pay for compulsory motor insurance in installments?

Many motorists are interested in the question of whether compulsory motor insurance can be paid in installments. It should be noted that current legislation provides for the issuance of an insurance contract for 1 year, subject to full one-time payment. That is, the law on compulsory motor liability insurance does not talk about any installment payments. However, insurers were still able to find a way out of the situation and provide motorists with the opportunity to conclude an insurance contract for 3 months with the possibility of extension. Moreover, during each extension of its validity period, the policyholder will make a payment based on the planned period of operation of the car. Thus, this payment scheme is essentially an installment plan, but with a different name.

To understand this, a motorist should distinguish between two concepts:

So, in Art. 16 of the federal law provides for the opportunity to pay for insurance of vehicles that are owned by the client and which he plans to use for a limited period (from 3 months per year), taking into account reducing factors.

In order to obtain such insurance, a citizen should notify the insurer about this when applying for a policy.

The cost of compulsory motor liability insurance in installments

The cost of a seasonal MTPL policy depends on the period for which the insurance is issued. When calculating payments, insurers use the following coefficients:

OSAGO insurance in installments

Car insurance is the responsibility of every car owner. This procedure must be completed annually (Federal Law No. 40). The cost of the policy tends to increase in price and not all drivers can afford to pay the full amount, which is why questions arise related to partial payment for the purchase of this service.

How to apply for compulsory motor liability insurance in installments

To conclude a car insurance contract, you must contact the insurance company branch with the following documents:

Passport of the owner and policyholder.
PTS.
Registration certificate.
Driver's license.
Diagnostic card (for cars older than 3 years).

Every motorist must have insurance for their vehicle. The cost of compulsory motor liability insurance is relatively high, for this reason not everyone will be able to buy a policy for a year at once. For this reason, a legal system of providing installments was invented, which, by the way, gives a huge advantage to drivers who use transport seasonally. This type is reflected in the legislation as “period insurance”.

Seasonal categories can also include cars purchased for further sale, when there is no point in taking out insurance for the whole year, but it is enough to simply pay for 3 months, and if in the future it is necessary to increase this period, it will not be difficult.

There are two ways to get car insurance:

Choose an insurance company with optimal conditions and stable work in the insurance business, come to the branch of your city and conclude an agreement for a certain period.
Apply for a policy online using the Internet.

To extend the period you must:

contact the insurer's office before the expiration date of the contract;
determine the extension period;
pay the required amount.

When making payments in installments, you should not lose sight of the fact that:

You will need to contact the company in advance so that the required amount of time remains until the end of the contract.
When extending the period, you must provide your car to a representative of the insurance company for inspection and inspection.
The maximum number of contract extensions does not exceed 3 times.
Only the person who originally participated in the transaction can extend the validity period.

It is important to understand that it is necessary to renew or extend the contract strictly before the expiration date, otherwise the premium will be calculated anew, and the final cost may be significantly higher than initially agreed upon.

Calculation of the cost of compulsory motor liability insurance in installments

According to information from the Federal Law “On Compulsory Civil Liability Insurance of Vehicle Owners,” uniform MTPL tariffs have been established among all organizations.

The main rate is category “B”, which is 4,118 rubles, using a coefficient the value of which depends on various conditions.

Attention, it is worth considering that purchasing a policy in installments is not regulated by the legislation of the Russian Federation.

Therefore, for obvious reasons, installment plans are carried out by circumventing the law by reducing the insurance period. Let's look at the table with calculations:

Regarding periods of 10 and 11 months, they are not subject to installments, and compulsory motor liability insurance must be paid only for a year. The maximum number of annual insurance payments is 4 equal payments every 3 months.

How does this system work?

By choosing OSAGO for a period of 3 months, you can use the renewal service at any time and pay the remaining amount up to the total cost of the annual policy. The main advantage of this method is the total cost, which does not change, that is, having paid for 6 months at the price of 70% from the auto citizen, you only have to pay an additional 30%, regardless of changes in tariffs.

The most popular companies for issuing compulsory motor liability insurance by installments are RESO and Rosgosstrakh.

In order to subsequently pay 100% without overpayments, you can use a certain system. When concluding a contract, it is worth setting a partial annual period for using the policy, and at the end of the contract, simply pay the remainder of the total amount.

Despite the lack of a legislative framework on this issue, it is always possible to purchase a policy on favorable terms.

Disadvantages of obtaining compulsory motor liability insurance in installments

The only advantage when choosing a method of paying for a policy in several payments can only be a lack of money; in all other cases, this type of purchase is inappropriate, and it is better to take out MTPL for a year at once.

Disadvantages when applying for compulsory motor liability insurance in installments:

If you do not make payment on time, the calculation will be indexed using an increased coefficient or you will need to purchase a new policy.
The change in tariffs may also take those who entered into a contract for a period of 3 months with extension conditions by surprise.
A slight delay in payment can have a negative impact in the event of an accident, since the company is not responsible for the unpaid period, and traffic police officers in such a situation can file an offense with the possibility of imposing a fine on the owner of the vehicle.
A car owner whose policy has not been renewed may independently bear all the financial consequences, such as compensation for damage caused to the other party (road accident, accident, etc.).
During the year, the car owner will have to visit the company more than once in order to regularly renew the insurance.

By observing all renewal deadlines and purchasing compulsory motor liability insurance in installments, the car owner takes virtually no risks and has the opportunity to pay for car insurance in installments.

Despite the lack of official permission, it is quite simple to find insurance companies that legally issue car insurance in installments. And if you follow all the rules and advice on compulsory motor liability insurance in installments, then you will not face any fines or sanctions.

How to apply for compulsory motor liability insurance in parts or in installments?

An MTPL policy is a contract that every motorist must purchase from an insurance company, and only after that can they drive their vehicle. However, since the cost of the policy is becoming more expensive every year, and not everyone can afford to purchase it, car owners often have a question: how to get compulsory motor liability insurance in installments? Let's look at how profitable it is to buy a compulsory insurance policy.

How is the contract drawn up?

To conclude a contract, you must contact the insurance company branch with a complete package of documents. You are required to have the policyholder's and owner's passports, a vehicle passport and a driver's license with you. If the car is older than three years, then it is necessary to prepare a diagnostic card. Only if all documents are available will the preliminary cost of compulsory motor liability insurance be calculated.

It is also worth noting that some insurance companies inspect the car before issuing a policy. Therefore, you should come to the insurance company in a clean car and during daylight hours.

How is the insurance premium calculated for compulsory motor liability insurance?

According to Federal Law No. 40-FZ “On Compulsory Civil Liability Insurance of Vehicle Owners,” insurance rates that determine the cost of compulsory motor liability insurance are the same for all companies. To calculate the cost, insurance company representatives take into account the base rate and adjustment factors.

The basic tariff is determined by the type of vehicle: passenger car, truck, taxi, etc. For passenger cars of category “B”, the basic tariff is 4,118 rubles. Correction factors are established depending on the insurance conditions.

Example of standard cost of MTPL

Tariff (contract cost) = TB * CT (territorial coefficient) * KMB (discount) * KVS (age and experience of drivers) * KO (unlimited number of persons allowed to drive) * KM (machine power) * KS (period of use) * CN (violations)

In accordance with the presented formula, it turns out that you can sign up for a car insurance contract for either a year or a shorter period, and then pay extra. The cost reduction is affected by the KS coefficient. Depending on the insurance period, it reduces the base cost and allows you to save money when applying.

Tariffs for the “KS” coefficient were approved by Government Decree dated February 29, 2008 and are set as follows:

“Pitfalls” of obtaining compulsory motor liability insurance in installments

Of course, neither the manager nor the World Wide Web will tell the policyholder about the pitfalls, since there are a lot of nuances. The first thing you should clearly know is that by purchasing insurance in installments, you can either save money when concluding a contract or significantly overpay for the entire year. Let's take a closer look at what you should avoid when purchasing compulsory motor liability insurance on credit.

Savings are not always good: extension with a break in the period of use

Many citizens, trying to save money, choose the minimum insurance period - for three months. In this case, they pay only half the cost of the contract and think that they can pay the rest at any time and get a contract for a year. In fact, not everything is as simple as it seems at first glance. Of course, you can pay the remaining 50% (the same amount) and get an annual car insurance policy.

Few people know that it is possible to renew a policy in installments without overpayment only when the period of use is still valid. If you contact the representative office of the insurance company after the period has ended, you must pay for the required period again.

An example of calculating an insurance premium for timely renewal and late renewal

Ivan Fedorov purchased an MTPL policy on September 25, 2016. The manager made a calculation and announced the cost of the policy in the amount of 7,247.68 rubles for the year. To save money, he signed a contract for only 3 months and paid half of the cost of insurance, only 3,623.84 rubles.

According to the terms of the contract in the insurance policy, the year of insurance is set from 09/25/2016 to 09/24/2017, and the period of use of the vehicle is from 09/25/2016 to 12/24/2016. It turns out that Ivan Fedorov must come to the insurance company before December 24 , pay the remaining amount in the amount of 3,623.84 rubles and extend the contract until September 24, 2017.

But what if Ivan is late and applies on December 27? In this case, the insurance manager will make calculations using the formula for 9 months, and Ivan will have to pay an additional 6,885.29 rubles for the remaining period. It turns out that the annual cost is not 7,247.68 rubles, but much higher – 10,509.13 rubles.

There is only one conclusion: if a citizen wants to draw up an MTPL agreement on credit, then he must apply for renewal in advance so as not to overpay.

It is also worth taking into account that according to the law, the policyholder can only make three installments. It turns out that you can first insure for three months, then come to renew for another three and finally for the remaining six.

Extension of compulsory motor liability insurance without an insured

According to the law, only the policyholder, that is, the one who paid the money, can make changes to the policy valid for the year. The policyholder and the owner of the car are not always the same person. In practice, the spouse who uses the family car can come and insure the husband's car.

It turns out that only the spouse can make changes. But what if the spouse cannot contact the insurance company branch, and the policy issued in installments needs to be renewed? In this case, there are two options for solving the problem: buy new insurance for your husband, or issue a notarized power of attorney from your wife, thanks to which you can change the terms of the contract on behalf of the policyholder. Both options involve additional costs.

There is only one conclusion - in order not to overpay, it is necessary to act as an insured to someone who can definitely contact the insurance company to make changes.

Online insurance in installments

You can also purchase an insurance policy in installments via the Internet. To do this, you need to go to the official website of the insurance company and make a calculation yourself. To register, you will need to provide the owner’s personal information, information about the car and register all the drivers who will drive the car. Payment is made by plastic card.

You need to know that the policyholder himself must pay the insurance premium using a personal bank card. Otherwise, the policy will not pass verification and will not be issued. You can extend the contract for a car in installments only at the company’s office. It turns out that when registering, you need to choose the company that is represented on the financial services market at your place of actual residence.

Note to every car enthusiast

As noted, you cannot drive your car on the roads without an insurance policy. Every car owner should buy it in order not only to comply with the law, but first of all to protect himself from unexpected expenses that may arise as a result of an accident.

OSAGO insurance in installments - main nuances

Is it legal to pay for an MTPL policy in installments?

The Russian Federation thinks that not all vehicle owners are able to purchase even the cheapest policy, so they came up with a way out of this situation. Now installment plans are available to every citizen. The minimum MTPL package will be valid for 3 months.

Each person can choose for himself the most suitable of the 8 types of compulsory insurance. This policy will be sold to individuals with a coefficient of 0.4. This means that this number is added to the standard MTPL price. Previously, the shortest policy was for 6 months.

Obtaining MTPL insurance in installments

In order to apply for an installment plan, you need to know only two rules:

The insurance period must be at least 1 year.
How long have you been using your vehicle? It is this rule that will help you take out a policy in installments, and here you can choose only the compulsory insurance that you like. Once you have concluded a deal and signed up for an installment plan, you are obligated to use your car. If the deadline was violated, or you became the culprit of a traffic accident at the moment when the policy expired, the insurance company will pay money to the victim, but in the future it may require you to return this amount of money. So to speak, as a regression.

How to calculate the cost of a policy with installment payment

This question is very interesting and unique of its kind. First, let's figure out how much you need to pay if the policy is issued for 4 months or longer.

So:

3 months of insurance – 0.4.
4 months of insurance – 0.5.
5 months of insurance – 0.6.
6 months of insurance – 0.7.
7 months of insurance – 0.8.
8 months of insurance – 0.9.
9 months of insurance – 0.95.

As you can see, it is best to take out a policy for no more than 9 months. Why? Yes, only because starting from the 10th month, you pay the full cost of the insurance policy. So what do these coefficients mean? For example, 0.4 is 40% of the cost. That is, if you choose the cheapest MTPL policy, then you will use it for 3 months, which means you will pay 40% of the cost of annual insurance. And after that you buy the remaining subscription for yourself.

More specific example:

You have only 80% of the cost of the insurance policy. You pay yourself insurance for 7 months and move around the city with peace of mind. And now a little trick: you won’t need to take out another policy for 5 months. You will simply pay the missing 20% after 7 months and you will already have an annual insurance subscription.

Of course, there is an installment plan with monthly payments. Payment starts from the 3rd month and ends on the 10th. But, it seems to me, the first option is more profitable. Thus, you do not overpay for anything, but simply extend your time.

Are there any pitfalls when paying in installments?

Of course, no one will tell you about the pitfalls, even on the Internet. But here we can think logically. You are required to pay the full cost of annual insurance (for 2016 the amount is 23,000 rubles).

No one warns that if you take the cheapest policy, you should buy it by month, and not by amount. Insurance workers simply keep this information silent, since it is beneficial for them that people overpay and contribute more money to insurance.

Yes, they can tell you this:

“If you are not satisfied with the amount, then you can find something cheaper. Plus, you don’t take the annual cost of the policy, but pay part of it, which gives you time to earn money and pay the rest of the amount.”
Remember! If you have taken out insurance for several months, next time you will have to pay extra not by month, but by the remaining amount.

Is it possible to apply for MTPL installment plans at Rosgosstrakh?

Of course it can be done! But you definitely need to read your contract carefully so that there are no troubles later. To begin with, it is worth saying that Rosgosstrakh can independently extend your insurance if you have not previously spoken or mentioned that you want to terminate the deal with the company. According to the rules, you are required to inform that you intend to renew the deal with Rosgosstrakh.
Each car owner not only has the right, but can also calmly check the contract given to him (whether it is really assigned to this company). In Rosgosstrakh you can also take out installments. That is, the scheme is exactly the same. The longer your policy has been in force, the less you will have to pay for the remaining balance.

Minimum period of use, or the cheapest MTPL

Not every vehicle driver will be able to afford an annual insurance subscription. Nowadays, many motorists are looking for better deals that insurance companies can offer.

Fortunately, our state is concerned about such people and now it is possible to purchase an insurance policy not for a year at once, but with the ability to break it into several parts:

The minimum period for using the insurance policy is 3 months. During this time, you can either collect the entire remaining amount for an annual subscription, or pay for insurance for another three months and so on for the whole year. True, in this case you will overpay more, so it is best to try and scrape together the missing 60% of the unpaid amount rather than overpay later by more than 30%.
The cost of the cheapest MTPL costs 4,000 rubles. Having paid this amount, you can not think about what to do next for almost three months. The company can extend the term of your insurance on your behalf, but the insurance services must be paid for as soon as possible.

What have we learned? An installment plan has been made for people, which allows you to save your finances for a certain period of time and helps you out when you cannot pay the full cost of compulsory insurance for your car.

Today there are many scammers who are trying to take your money. They can pretend to be the Rosgosstrakh company and issue you a completely unnecessary insurance contract that you will not need. You have the opportunity to check your contract and have peace of mind about it.

You don't have to worry about your insurance, as it works no worse than an annual subscription purchased outright. Be more careful on the roads, as the culprit of the accident may not be you, but a drunk driver who will not have insurance.