Despite the fact that the OSAGO policy is usually valid for 1 year, there are also minimum periods of validity (validity) of the policy. What is the minimum? This question cannot but interest car owners.
What is CMTPL for?
MTPL policy is required for purchase. It is this document that will help to receive compensation in an insured event, which will be equal to 120 (if damage was caused to a car / vehicles) or 160 thousand rubles (if people were injured during an accident).
Registration of OSAGO is beneficial, since the consequences of the accident, which was provoked by the driver, are partially liquidated by the insurance company. Agree, it is much more convenient to invest half or a third of the cost in the repair of someone else's car after an accident than the whole amount.
How long is the standard OSAGO policy valid?
It should be noted that the validity period of the civil liability policy for new passenger cars is one year. The validity of the policy will vary based on factors such as the age and type of vehicle, the age of the driver, and the time of trouble-free driving. Thus, a driver with 20 years of experience, issuing an MTPL policy for a recently purchased car, will spend less than an 18-year-old guy who barely got behind the wheel.
What is the minimum policy term?
OSAGO is always issued for a year, but there are small nuances. Firstly, you can get a policy for a period of 15-20 days - such MTPL is issued if the car is not registered with the traffic police and is located in another region or city. Secondly, the policy can be issued for 3 months. Officially, the policy will be valid for 1 year, and the vehicle will be used for 3 months. This option is convenient for lovers of summer cottages who use their car only in the summer, and the rest of the time they travel by public transport.
Many car owners believe that by registering the use of the vehicle under OSAGO for a minimum period, and then renewing the policy, they save money, but in reality this is not the case. It turns out that they pay much more for insurance per month than drivers who have issued a policy immediately for a year.
Despite the fact that the CMTPL policy cannot be purchased in installments, some drivers do just that when they take out insurance for a minimum period with an extension. In total, they have the same amount, only they deposit it in parts (once every 2-3 months).
Don't try to deceive the state
If you do not want to issue OSAGO, thereby wishing to save your money, then you are mistaken. If you do not conclude a so-called "transit" CTP policy even when driving a car, then you risk your money (the fine for driving a vehicle without a CTP policy is from 500 to 800 rubles at a time).