Why does MTPL for a taxi differ in cost from insuring a regular car?

What does the law say?

Officially, compulsory motor liability insurance became part of the lives of drivers on April 1, 2003, along with the entry into force of the Federal Law on Compulsory Motor Insurance No. 40-FZ of April 25, 2002. It describes the principles and basics of financial protection for drivers. Additionally, the relationship is regulated by Article 12.3 of the Code of Administrative Offenses, which contains information on punishment for failure to comply with requirements.

When applying for a taxi policy, the relevant information must be indicated in the checkbox.

In the event of an accident, a policy without such a mark will not be valid if the fact of transporting passengers is proven. This means that the driver will pay for the restoration of someone else’s car from his own funds.

Sanctions for lack of insurance

If the driver cannot provide the inspector with a complete package of documents during inspection, the punishment will be expressed in the form of a fine of 500 rubles .
The law covers both the need to have a driver’s license and other documents, including an MTPL policy. Lack of insurance as such leads to a fine of 800 rubles .

However, a fine for not having a policy is not the worst thing that can happen. It will be much more difficult to demand compensation for damage in the event of an accident.

The insurance company has the right to refuse payment if the use of the car as a taxi is proven.

Necessary documents for registration

When applying for CASCO insurance for taxi drivers, the driver must provide the necessary list of documents.

1. Statement. Items may vary. But this is one of the main documents that the applicant must fill out.
2. Passport details. They confirm the driver’s identity (passport, driver’s license, registration certificate). When the vehicle is driven by other individuals who have access to the vehicle, it is necessary to indicate this point in the application and confirm this with documentation (or photocopies thereof) and a power of attorney for an outsider to drive the vehicle.
3. Passport for the vehicle.
4. Certificate of registration of the vehicle.

In addition to the basic requirements for obtaining insurance, different organizations may require additional documents.

Taxi insurance options

Private passenger carriers appear on the roads more often than other road users, which means they are more susceptible to the risk of getting into an accident. In this regard, obtaining compulsory motor liability insurance for a taxi can be difficult, since not all insurance companies are ready to take on additional risks.

The difference between taking out a policy for a taxi and other types of transport lies in the cost of the policy.

When concluding a contract, two options are available:

• No limit on the number of drivers;
• With a limited list of participants.

Increasing the number of drivers allowed to drive a car will increase the cost of insurance.
This is because insurance companies cannot evaluate a potential driver's experience. Like other road users, a taxi can be issued not only a standard policy, but also an electronic one. To apply, you do not need to come to the office of the insurance company - the cost calculation and payment takes place on the website.

Calculation on a calculator

The cost of the policy is calculated using standard formulas, multiplying the coefficients by the base rate (in this case for a taxi).

The 2021 MTPL calculator for taxis on our website contains information about all base rates, calculation coefficients and regional coefficients, which is compiled in accordance with RSA data. Every insurance company must be a member of the RCA. Once you have issued an insurance policy, do not forget to check it using our policy verification service or on the RCA website itself.

You should always know the cost of your car insurance policy in advance so that you can be financially prepared for such important expenses. This is also due to the fact that starting from 2021, cameras will be installed on public roads to record vehicle license plates and check whether a taxi car has an issued insurance policy. These cameras have an online mode, so the longer a motorist drives without insurance, the more fines he will receive.

In addition, issuing a policy at the last moment is fraught with the fact that there is now a law in force that regulates the start of validity of an electronic MTPL policy only 4 days after registration.

Cost of MTPL for taxi

The basic indicators for taxis used in the calculation are defined in the range from 5,138 rubles to 6,166 rubles , which is 1.5 times more than standard tariffs. This parameter is multiplied by additional coefficients, which significantly increases the final cost of the policy, especially when the restriction on the number of persons allowed to manage it is lifted.

What does it depend on?

The personal parameters of the driver taken to calculate the price of the MTPL policy include:

• Driving experience;
• Number of days without accidents;
• Status of the insured person.

The better the driver’s insurance history, the cheaper the policy will be.

When the limit on the number of drivers is lifted, insurance companies increase the cost of the policy in an attempt to compensate for the potential risk.

An additional criterion is the determination of the region where the policy is issued or the so-called CT. Its importance in each region depends on the degree of road congestion, infrastructure development and other factors. For example, the value of this parameter in Moscow is 2.0.

How to calculate the cost?

The final cost of the policy depends on the additional coefficients by which the main indicator is multiplied.
The basic formula looks like this: T=TB*KT*KBM*KVS*KO*KM*KS*KN , where

TB is the basic tariff;

CT – territorial coefficient, from 0.6 to 2.0;

KBM – bonus-malus or accident-free driving parameter;

KVS – driver’s age;

KO – restriction on the number of persons allowed to drive a car;

KM – coefficient used for calculation of engine power;

KS – indicator of insurance seasonality;

KN is an individual parameter for violations of traffic rules.

If the limit on the number of drivers is lifted, increased coefficients will be used due to the impossibility of determining exact values.

The most common way to determine the cost of a policy is to use a calculator installed on the insurer's website. However, if not all values ​​are known, the result will be approximate. To get an accurate calculation, you need to contact the insurance company branch.

How can you save money?

A common way to save on an MTPL policy is to limit the number of people allowed to drive a car.
It is easier for an insurance company to determine the likelihood of an insured event if information about the driver’s experience and skills is known. Savings even for a taxi can be up to 1.5 times compared to multi.

You can reduce the price of insurance by determining the time period when the car will be used. If working in a taxi involves seasonality, then it is reasonable to reduce the time during which the car will be insured.

"AlfaStrakhovanie" - What does the OSAGO policy provide?

As practice shows, not all motorists know what risks are covered under the contract. Most drivers buy a protection form only to provide to a police officer if necessary and to avoid a fine on the road.

Let's consider in which case the insurer is obliged to pay compensation to the victim. Insurance risks:

• Damage to property . Payment is due if damage to the vehicle is caused. As of September 2018, the maximum payment cannot exceed 400,000 rubles. If the previously specified limit was divided among all victims, then according to the latest changes, payment is made to everyone.

• Harm to life and health . Compensation is paid if, as a result of an accident, harm is caused to the life and health of the driver and passengers of the injured car. Payment is also due to the pedestrian. The maximum possible payment limit for each person does not exceed 500,000 rubles.

Important! If the amount of damage exceeds the limits established by law, then the culprit must compensate for the excess amount. For example, the amount of damage was 500,000 rubles. In this case, the insurance company will pay 400,000 rubles, and the party at fault for the accident will pay 100,000 rubles.

Where can I insure MTPL for a taxi?

You can obtain an auto liability policy by ordering on the insurance company’s website or by visiting the office in person. However, not all organizations are ready to issue compulsory motor liability insurance for taxis.

Fraudsters take advantage of this by passing off their offices as additional points of sale for official insurance companies.

How to choose an insurer?

Before visiting an office or applying for a policy online, you should research the reputation of the insurance company. Reviews from real drivers who have used the services will help with this. What matters is how payments are made and how often there are refusals.

Don't expect additional discounts from companies. On the contrary, according to reviews from experienced drivers, when applying for compulsory motor liability insurance for a taxi, the driver is required to include additional services, for example, protection of health and life. Such a requirement is illegal, but it is rare to prove the fact of coercion to purchase third-party products.

How to avoid scammers?

With the advent of the possibility of issuing an electronic MTPL policy, there are more and more sites on the Internet masquerading as the official pages of insurers.
Outwardly, they are practically no different from insurance company application forms, but the recipients of the transferred funds are scammers. To avoid becoming a victim of deception, it is recommended to carefully study the link to the registration page. It must not contain errors or typos in the name of the insurance company. The price of the policy may also be cause for concern if, when calculated, it is much lower than the regional average.

If registration takes place through an unfamiliar insurance company, it is recommended to check the organization’s details and the validity of the license to engage in insurance services before paying.

Step-by-step actions and required documents

Data in the MTPL policy is entered on the basis of documents provided by the owner of the vehicle, namely:

• Passports of a citizen of the Russian Federation;
• Vehicle registration certificate;
• PTS indicating the title of issue and the name of the owner;
• Information about the driver's license numbers of all registered drivers.

For legal entities, you additionally need to have constituent documents.

If registration takes place through an intermediary, then you need to prepare a power of attorney.

Stages of insurance

In terms of the order of actions performed, issuing an MTPL policy does not differ from the standard procedure. The owner of the car submits an application through the website, receives a cost estimate and makes payment.

Application

You can submit your application during a personal visit to the office. To save time, it is recommended to discuss details over the phone in advance. Contact details and addresses of sales points are listed on the insurance company’s website. You can also leave a request remotely there.

Final settlement

After finding out additional information, the insurance company specialist calculates the cost. If additional details were found out during the survey process, the cost may differ from the preliminary calculation on the company’s website.

Registration and receipt

After receiving payment, the document is printed and handed over to the policyholder. Some organizations review applications within a few days.

If the time difference is significant, it is recommended to clarify this issue with a specialist before your visit.

Documents that will be needed to issue an insurance policy

When compiling MTPL insurance, you need documents from the drivers involved in driving the car. It is possible to issue an unlimited insurance policy. This means you need documentation from the owner. The list of documents is as follows:

For persons with private cars:

• Identification
• Statement
• PTS
• STS
• Diagnostic card
• Driver's licenses of eligible drivers

• The above documentation + registration certificate

The insurance policy is first filled out by the policyholder, and then by the insurer. Fill out the information about the insurance company, personal data, information about the vehicle indicating that it will be used as a taxi. And the insurer fills out all the coefficients and calculations.

Possible problems and nuances

Not every insurance company is ready to issue an MTPL policy for a taxi due to increased risks. If you do not clarify this parameter at the very beginning, you can spend too much time at the information gathering stage.

When completing documents via the Internet, there is a high probability of becoming a victim of fraud. The essence of the deception is that the scammers make a website no different from the page of an insurance company. The details include extraneous bank information, and upon payment, the money will be sent to the criminals’ account.

Where to buy OSAGO?

At the moment, many enterprises offer to buy taxi drivers a driver's license. Therefore, drivers have the opportunity to take out a policy with the company whose conditions will be the most convenient and profitable.

Insurance companies that insure taxis include:

• AlfaStrakhovanie;
• Rosgosstrakh;
• SOGAZ;
• Ingosstrakh;
• Renaissance;
• Agreement;
• RESO;
• MAX;
• Tinkoff.

Before registration, it is recommended to carefully read the regulatory framework. You need to study the requirements for taxi insurance.

FAQ

Why is the MTPL policy for taxis more expensive than usual? – Cars used in taxis more often than others end up in insurance situations, which means they are considered objects with an increased risk.
By raising prices, insurance companies try to compensate for future expenses. What happens if you don’t indicate the scope of “Taxi” activity when applying for a policy? – If an insured event occurs, the company may refuse to pay if the fact of using the car as a taxi is proven.

What is the penalty for not having a compulsory motor liability insurance policy? – The Code of Administrative Offenses provides for a fine of 800 rubles. Repeated violations may result in confiscation of your driver's license.

Penalty for lack of insurance

Having found out where to insure a taxi under MTPL, you should understand what liability awaits violators. For using a car for commercial purposes without insurance, you are subject to financial penalties.

The size of the fine depends on many factors and can reach 50 thousand rubles. In addition to monetary payment, the taxi driver faces confiscation of his driver's license or other, more severe penalties if the violation has been committed repeatedly.

In 2021, compulsory motor liability insurance is mandatory for every taxi driver. Registration of the policy involves preparing documents, filling out an application form, and conducting a technical inspection of the car. Carrying passengers in an uninsured car is considered a serious offense and faces a fine.

Let's sum it up

Driver liability protection is a prerequisite for using a vehicle, including as a taxi. The policy must contain a note about the use of the vehicle in passenger transportation. Without it, the insurance company has the right to refuse payment, which means the driver must compensate the victim for repair costs from his own funds.

Taxi is a high-risk mode of transport. Because of this, the cost of an MTPL policy is higher than when applying for a regular passenger car. In addition, not all companies are ready to enter into an insurance contract, which makes it difficult to find a suitable insurer.

Before submitting an application, it is recommended to study the experience of local insurance companies and collect feedback from real clients. Once an insurer is selected, the owner must submit a claim and pay the premium. Registration of documents takes from 20 minutes.

How much does the policy cost?

All insurance companies have approximately the same cost of services. It is very high, but it is recommended to pay attention to the end result. To do this, you need to contact several organizations and find out the end result.

Insurance results are influenced by:

• service life of the vehicle (usually for new models the service package is more favorable than for older models);
• driver's age and driving experience;
• the region in which the taxi driver will transport passengers (the more populated the location in this region, the more expensive the policy will cost;
• franchise size, i.e. what amount will be withheld from the owner when paying for insurance.

You can calculate the insurance formula for drivers using the following link.

OSAGO calculation

Taking into account all the above parameters, insurance companies offer contracts with different price options. For example, OSAGO from Rosgosstrakh is offered in large cities for almost nine thousand rubles. The same company, when registering a car in the regional center, will sell a car title agreement for cars that carry passengers at half the price, for 4,200 rubles. The most expensive MTPL insurance for taxis in Moscow. Here prices are within ten thousand rubles.

https://www.youtube.com/watch?v=q_P8Bp7K4nM

For legal entities that transport passengers, the cost of the policy is even higher. Using all correction factors, an organization operating in the city must transfer from twelve to thirty thousand rubles, depending on the engine size of the car. At the same time, if the company is registered in a regional center, then compulsory motor liability insurance for a taxi will cost from four to ten thousand rubles.