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News
On August 24, 2020, amendments to the Law on Third-Party Only Vehicle Insurance came into force, aimed, among other things, at personalizing the insurance rate in relation to each insured and recording the driving history of each driver.
The main novelty is that insurers are given the right to differentiate insurance rates depending on certain factors.
These include, for example, the repeated (during the year) bringing of the policyholder to administrative responsibility for driving at a red light, exceeding the permissible speed by more than 60 km/h or entering the oncoming lane.
In addition, it is possible to take into account other factors, such as the age and mileage of the vehicle, equipping the car with a telematics device, and marital status and the presence of children by the driver.
These factors must be indicated by the insurer in the methodology for calculating insurance rates and posted on its website.
The Central Bank will establish a list of factors, the use of which is not allowed.
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