Each car owner must have a compulsory insurance policy. The main legal act regulating this issue is The Law "On CTP". From the moment it was adopted in 2003, the document managed to undergo a number of changes. Today we’ll talk about what is the minimum MTPL period. We will clarify other related issues.
Inspection and CTP
Earlier, a valid insurance policy was needed to undergo a technical inspection. However, today everything is different. First pass inspection, and only then get insurance. Moreover, if before you had to have a maintenance ticket with you, today, firstly, a diagnostic card will be issued instead, and secondly, it is no longer necessary to present it to traffic police officers. However, if at the time of the accident it becomes clear that it is not valid, then there will be problems with the payment of compulsory motor liability insurance. Therefore, the car owner must clearly follow all the deadlines so as not to be subject to penalties and not to pay compensation to the injured party if, having got into an accident, he will be the culprit of what happened. Different driver categories have their own deadlines. In addition, they are with private and legal entities.
Private individuals
Since 2015, owners of vehicles registered outside the territory of Russia, issue a compulsory insurance policy for a period of 5 to 15 days. When re-registering or receiving a diagnostic MOT card, the minimum MTPL period is 15-20 days. In other cases, it is drawn up for a year.
However, the car owner has the right to independently choose the term of the policy. But if he is insured for only a few months, then they will cost him more than a one-year registration. There are other cases. If the car is used, for example, only in the winter, then the policy is still purchased for a year. But the document indicates the months when the driver will use the vehicle. If the inspector of the traffic police stops him at a different time, which the MTPL agreement does not provide for, this is considered a violation of the law. And the policeman has the right to fine the driver.
Legal entities
Compulsory insurance policy should be available not only to individuals, but also to legal entities. The time limits are small. Therefore, anyone can additionally issue a policy.
For both individuals and legal entities, in order to conclude a compulsory motor liability insurance contract, it is necessary to present a valid diagnostic card on the passage of maintenance. Even if companies have many cars, each of them is drawn up individually, observing the above condition. The minimum MTPL period for legal entities is as follows:
- from 15 days and more;
- from 6 months;
- one year.
In the case when the car is used by the driver only temporarily, as well as the vehicle is registered in a foreign country, OSAGO is concluded for at least 15 days. For specialized equipment (for example, intended for agriculture, construction and installation works, and so on), the term of the policy is six months. And ordinary cars are usually insured for one year.
Minimum MTPL
The term of the policy may vary. For example, if the driver uses his car for only a few months, this is reflected in the official document. It turns out that, despite the registration for a year, in fact, insurance will operate for a shorter period of time. This is very convenient for many car owners using their vehicle seasonally. Legal entities, in turn, also plan and build OSAGO calculation when their car will be actively used.
Most often, a limited validity period is necessary in the following cases:
- for tourists, summer residents using the vehicle in the summer;
- for drivers planning to sell a car;
- for citizens who often go abroad on long business trips.
In addition, a temporary policy, as indicated, can last from 15 to 20 days.
Extension of validity
The MTPL agreement is concluded for a year. But if the vehicle is used for a limited time, then the specific period is indicated there separately. Basically, the agreed period remains so. But there are times when you need a car at another time. For example, when a car owner failed to sell a vehicle. In this and other cases, contact the insurer and extend the contract. In this case, you can not worry about money. Indeed, this time the surcharge will be significantly lower than before.
If in the future it is planned to continue to buy insurance from the same company, then the renewal is carried out automatically. One only needs to call the UK a few days before the deadline and clarify the conditions. In most cases, after a new OSAGO calculation is carried out, you may not even need to drive up to the office. The document will be delivered by courier. Naturally, a new policy must be obtained. Otherwise, even if the UK extended it, but you didn’t receive the document, you may have problems with the traffic police.
Savings should be economical
Despite the fact that the policy is done for a year, some car owners prefer to pay for it in parts. This is convenient for those who do not use the vehicle all year round, but makes sure that OSAGO ratios are maintained. And also for those who like to save on everything. For example, a contract drawn up for a year stipulates a period of three months. When its end draws near, they extend for another as much. And then they are calculated for the rest of the time. In this option, the main thing is not to forget when to renew the policy. Various promotions that SK sometimes arrange to attract customers will also help to save money.
Minimum MTPL insurance period for registration
To register a vehicle, a valid policy is required. Usually buy standard insurance for one year. But it happens that a different term is more convenient. The minimum CTP for 3 months can be concluded in the usual manner. Transit insurance for these purposes will not be enough. A full insurance policy is required.
Insurance cost: nuances of payment in installments
Usually the price of a three-month period is 50% of the value of the whole annual. Many do not like it. Indeed, when using a car all year round, it seems too expensive. But for seasonal workers, this amount will be a savings. However, if it is necessary to extend the MTPL validity for the remaining time, then for nine months only 50% will have to be paid. The same will happen if the insurance policy provides for a period of 6 months. Then the payment will be 70% of the amount of the contract drawn up for a year. But, if you need to operate the car further, then for the remaining 6 months you will have to pay only 30%. Thus, in the end, there will be no overpayment in repaying the cost of the insurance policy in installments.
Conclusion
Thus, it turns out that, according to the current legislation, the MTPL agreement is drawn up for one year. But already within the framework of the concluded relations between the insurance company and the insured, it is possible to provide for a different, shorter period. Such a norm is very convenient, since OSAGO coefficients are also saved. And, as you know, if the policy is not issued for more than a year, then they are reset. The law applies equally to individuals and legal entities. The term varies for different categories of cars. If for ordinary machines it is one year, then for specialized equipment - only 6 months.
