Particle.news
Download on the App Store

Insurers Say OSAGO Prices Have Bottomed as Slight Increase Looms

New regional coefficients with updated cost guides from regulators are expected to shift tariffs without a price shock.

Overview

  • VSS/RSA head Evgeny Ufimtsev expects a gradual 2–3% rise in policy costs after this year's declines, citing continued growth in claims payouts.
  • The Central Bank is preparing tariff coefficients to reflect regional unprofitability and fraud risks, and the RSA plans updated reference books for parts, materials and labor by late December.
  • The average OSAGO premium for the first three quarters stood at 7,274 rubles, with about one third of regions averaging under 6,000 rubles and the highest averages in Moscow, St. Petersburg and Moscow region.
  • Sravni reports policy sales growth in January–September led by Tomsk region (+21%) and Krasnoyarsk region (+18), with additional gains in Bashkortostan (+14%), Orenburg (+14%) and Irkutsk (+13%).
  • Average prices fell year over year in the highlighted regions: Tomsk down 7% to 5,889 rubles, Irkutsk down 7% to 6,464, Krasnoyarsk down 6% to 6,760, Bashkortostan down 5% to 6,052 and Orenburg down 1% to 5,971.