Citizens will not get the difference from the more expensive auto liability, the companies say there is no basis for a refund

Technical Inspection Station / Photo: Profimedia

We are talking about sums from 840 to 1.600 denars, which were additionally set aside by about 10.000 citizens, from April 24 to May 10, until when the 15,4 percent higher vehicle insurance prices were valid. The insurance companies also consulted lawyers, so they say with certainty that there is no way or basis to return the money.

There will be no refund of funds paid by citizens for auto liability insurance during vehicle registration, "Sloboden Pechat" has learned. We are talking about sums from 840 to 1.600 denars, which were additionally allocated by about 10.000 citizens, from April 24 to May 10, until when the higher prices of vehicle insurance were valid for 15,4 percent. The insurance companies we spoke with also consulted lawyers, so they say with certainty that there is neither a way nor a basis to return the money.

– The process is complex, because the policies were sold through agents, to whom we pay from 20 to 40 percent of the value of the policy. But if an insurance company has the desire and opportunity, it can compensate the citizens' money in the policy for the next year - we were told in several insurance companies. From the Insurance Supervision Association, they calculated that on average, about 10 thousand cars are registered per week.

The decision to return to the old prices followed after the Commission for Automotive Liability at the Ministry of Finance recommended, and the Government made a decision, that the prices of the mandatory auto liability insurance be returned to the level of before April 25. Insurance companies maintained that the decision directly affects the financial stability of the entire insurance sector. They claimed that the price has been the same for years, while in the meantime their costs have increased and they charge that the decision establishes 100 percent state control over auto responsibility prices. Against these claims, the Insurance Supervision Agency indicated that their analysis showed that insurance companies, with the exception of one, ended 2023 with a profit. Last year, for mandatory car insurance, the insurance companies earned about 65 million euros.

For years it has only been talked about, will there be changes to the green card?

For years it has only been said that there must be a change in the green card, because we are one of the few countries where it exists and it is too expensive. Sources for "Sloboden Pechat" say that a working group has been formed and it will soon be known if there will be any changes.

- One of the ideas is that it should be mandatory with the registration of the vehicle, with a price that would range from 20 to 30 euros. It would indeed be a more or less affordable price, but the downside is that it will be mandatory. That is, there will be no will-not, but I have to, even though there are also citizens who do not travel outside the country. Those who have a larger "car park" would also pay the same - say our interlocutors.

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