Compulsory car insurance rates may increase in Uzbekistan

It was reported that the revision of the amount of the insurance tariff is being carried out, as the maximum amount that can be paid is not enough to cover the damages caused to the motor vehicle.

In recent years, there has been an increase in the number of appeals from the owners of vehicles regarding the fact that insurance compensations are not paid on time by insurance organizations and that the maximum amount that can be paid is not enough to cover the damages caused to the motor vehicle.

According to the statistics of the World Bank, the consumer price index in Uzbekistan has increased by 160% over the last 5 years, in addition, the minimum wage has increased by 265%, and the base calculation amount has increased by 168%. showed.