Updating the market value of cars for hull insurance in AVTODOM Group

Top Quote According to AVTODOM Group, the cost of hull insurance policies has increased by 15-20% since the beginning of March. End Quote
  • (1888PressRelease) March 31, 2022 - Rising car prices led to an increase in auto insurance rates. According to AVTODOM Group, the cost of hull insurance policies has increased by 15-20% since the beginning of March. In addition to the cost of the car, the inflation rate, exchange rate, unprofitability of the driver, region of registration and standard hour prices affect the price of the policy. Therefore, the changes were less noticeable for accurate motorists.

    In addition, prices for spare parts in Russia have increased by 30-50% over the past 2 months. The new prices will be included in the auto parts directories, according to which the cost of car repairs is calculated, in the near future. However, most motorists are interested, how Casco payments and car repairs will be made in case of an accident now?

    AVTODOM Group of Companies offers its customers to use a new service and increase the level of car protection under the hull policy to the current market value today.

    How it works?
    The price of the car at the time of purchase of the policy is set in the current hull policy. The insurance payment will be calculated from this price upon the occurrence of an insured event. At the same time, the growth in car prices in March alone amounted to 20-30%, depending on the brand and model. This means that the payment under the Casco policy at the previously set price will be disproportionately low. AVTODOM customers can use the full hull protection service by increasing the cost of the car indicated in the insurance policy to the market value already today.

    You can contact the financial services department of the dealerships of the AVTODOM Group of Companies for the calculation of the cost of the service to increase the insurance value of the car.

    «Most insurers predict a sharp increase in the cost of OSAGO and hull insurance policies due to rising prices of new cars, an increase in the cost of spare parts and an increase in the risk of theft, – AVTODOM Group noted. – Unfortunately, we assume that a 15% increase in Casco prices is not the limit in the current situation. The cost of spare parts continues to rise, and insurance companies must fulfill their obligations to customers. At the moment, we are working on all possible options that will allow us to offer our customers the most convenient and profitable product».

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