OREANDA-NEWS. June 10, 2008. IC ROSNO has enacted new motor insurance tariffs for private individuals purchasing insurance policies via agents or in the company’s sales offices. With regard to cars made by foreign manufacturers, the company will now apply brand-by-brand tariffication system enabling more flexible evaluation of risks and minimization of the cost of insurance coverage, reported the press-centre of ROSNO.

The company has determined the vehicle group wherefor tariffs under the risk "Damage" are calculated depending on the brand, model, and production year. These transport vehicles are the most popular cars, accounting for about 75% of the total quantity of cars sold in Russia.
 
This approach enables most precise and prompt tracking of losses per any model, depending on the changes in the cost of standard working hour at the service stations of official car dealers, as well as traffic accident statistics. The use of such evaluation system enabled the company to decrease its tariffs for the majority of cars, including Audi, BMW, Mercedes, Volkswagen, certain most popular Toyota (Land Cruiser, RAV 4, Camry) and Ford (Focus, Mondeo) vehicles.

The changes also apply to the tariffs set for the risk "Car theft". Thanks to the detailed analysis of the statistics based on the road police (GIBDD) data and ROSNO’s own data on car theft, the tariffs for the majority of brands and models under this risk were decreased to 0.5% of the vehicle value. The list of cars where a satellite tracking system must be installed has been reduced.

In general, the changes apply to almost all foreign-brand cars sold in Russia. As a rule, tariffs have been reduced, becoming more attractive for clients.

At the same time, MOD insurance service programs have not been modified. ROSNO still offers a wide range of auxiliary services. Any holder of the MOD policy can use the following services: visit by the average commissioner to the site of a complicated traffic accident; procurement of GIBDD documents (in case of a call from the site of the traffic accident and presence of primary document certifying the accident); special manager informing about the loss settlement process; reimbursement for the damaged glass details and headlights without any reference documents to be issued by the competent authorities (applicable to no more than two cases).

As regards vehicles with value exceeding 900,000 roubles, the range of additional services may be considerably expanded. Furthermore, an additional 30 roubles can insure the risk "Road Assistance", which, above all, enables the client to use toll-free evacuation in case if his or her car reveals mechanical malfunction. Due to these tariff changes, the calculator tool on ROSNO’s website was adjusted as well, becoming more convenient and precise. It can be used not only to calculate insurance premium, but also to determine the car’s approximate present value.