Drivers interested in the safety of their car want to insure it in some way. Car insurance today does not take much time and money.
Today, insurance companies are ready to offer two types of vehicle insurance: OSAGO and CASCO. OSAGO (compulsory motor third party liability insurance) is a compulsory type of insurance for all car owners, and CASCO can be purchased at will. It is worth considering in more detail these two types of insurance.
How much is OSAGO
Once a year, any motorist or motorcyclist must renew the validity of the OSAGO policy. If this is not done, then they can be fined a decent amount. The cost of compulsory motor third party liability insurance is calculated in a special way: it depends on the age and type of car, the age of the driver, the duration of accident-free driving and the place of registration of the vehicle. For example, if a person living in the Saratov region wants to purchase an OSAGO policy for an old Zhiguli, he will have to pay about 3 thousand rubles. The owner of a new foreign car registered in Moscow will have to pay 6-8 thousand rubles for this insurance.
It should be noted that the driver can receive compensation only if he is not the culprit of the accident. If during the accident only his car is damaged, he can receive 120 thousand rubles, and if people also suffered, then 160 000 rubles.
You can calculate the exact cost of the MTPL policy with the help of an insurance agent or on a specialized website where there is a MTPL cost calculator.
What is the cost of CASCO
CASCO (comprehensive car insurance, except liability) is a voluntary type of car insurance. Of course, the cost of the CASCO policy will be several times higher than the amount spent on OSAGO. The main advantage of CASCO is the ability to make any insurance claims (for example, you can insure your car against a collapsed tree during a hurricane or against damage by icicles that have fallen from the roof in the winter season).
It is impossible to say the exact cost of CASCO, in contrast to OSAGO. Typically, the price of such insurance can vary from 4 to 12% of the total cost of the car. Thus, the owners of new foreign cars will have to fork out significantly. The cost of CASCO will be higher if the insurance is issued for a young driver who has had an accident during the year. The absence of an alarm or a special place for storing the car at night will also increase the cost of hull insurance. You can find out the exact cost of CASCO for your car in any insurance company that deals with auto insurance.