The essence of the bonus-malus system is fully reflected in its title. Translated from the Latin, bonus means’ good », malus -« bad. ”
In practice, the bonus-malus coefficient implies endorsement for drivers with long accident-free driving experience and the punishment (fine) for “emergency dangerous” drivers. The basis for its calculation appears the number of accidents that have occurred through the fault of the insured (including, by the mutual fault of the participants).
Motor Third – at half price!
In total 15 classes defined by the law of drivers, each of which corresponds to a bonus-malus coefficient. By default, all newly made motorists assigned a third class, the coefficient is equal to 1. For this category of drivers buying CTP insurance policy would cost him a nominal cost. The highest grade – 13th – is set to end 10 years of accident-free driving. Bonus-malus coefficient for the 13th class is set to 0.5. Thus, the reward for careful driving is a 50% discount on liability insurance policy tool. Prolific offenders, behind which is not an accident or two, assigned to the class M with bonus-malus coefficient of 2.45. For them, the cost of CTP increases by almost two and a half times. Revision is one class every year – when renewing an insurance policy for the next term. Depending on the number of accidents caused by the insured or their absence, the class of the driver increases or decreases by one to several paragraphs. Learn more about calculator!
It often happens that a person is the owner of several cars. In this case, the class driver is calculated based on the total number of insurance claims on its policies, which expired less than a year ago. Also taken into consideration in class that was assigned to the driver at the conclusion of the last of the expired policies.
Another common situation – the car, which was committed to the management of several persons. If the number of drivers limited to, the insurance rate is calculated according to the one whose bonus-malus coefficient above. If the number of drivers is not limited to, the cost of insurance is determined by the legitimate owner of the vehicle class.
Why punish more encouragement?
A significant difference between the size of the bonus (relatively small) and Malus (high enough) is explained by simple arithmetic. According to statistics, the frequency of occurrence of insured events of CTP is 9%. When the notional value of the policy in the $ 100 we get the total amount of premiums for the first year: 100 * 100 = 10 000. The following year, 91 out of 100 drivers should get a discount of 5% and, therefore, to pay from 100 to 95 rubles. Total insurance premiums at a discount equal to 91 * 95 = 8645 rubles. The difference between the premiums (10 000-8 645 = 1365 rubles) is divided into nine offenders, and is, in round figures, 152 rubles (1365/9 = 151.66). Thus, in order to provide a bonus of 5%, malus should be no less than 50%.
In order to prove his right to a discount, the insured must prove the absence of accidents in the last period of insurance. As a proof may be a reference to the previous insurer or a statement from the driver. To resist the temptation to gloss over the real situation and get an additional discount, you should carefully read the application form. The consequence of providing “false information” may be a cancellation of the insurance contract and the failure of the insurance company on their commitments. Needless to say, that the test information will be made on the fact of an insurance case in which to rectify the situation will be impossible.
CTP 2012 – changes for the better
At the legislative level, bonus-malus system in Russia has existed since 2005. But the full realization of it was not possible due to the lack of a unified database of insurance contracts. Under the new procedure for passing the inspection, such a database will be created during 2012. And in 2013, every driver can take advantage of the benefits due to him in full.
Another favorable change – Unbind bonus-malus coefficient for the specific vehicle. Before buying a new vehicle automatically resets the “history” of its new owner. Now, the class driver is completely independent of the frequency of updating its fleet.