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The insurance "Civil Liability" is going to rise its price by the end of this year but only for violators, reported Nova Tv.
Bulgaria is on the first place in death toll on the roads in the European Union. One of the proven EU systems is "bonus-malus", in which the price of the mandatory insurance "Civil Liability" is defined by the size of the damages and how many violations a driver has done.
The aim is the system to start working in Bulgaria by the end of 2017.
Data from traffic police forces, default fund and insurers is going to be united, by this way the risk profile of the drivers will be defined.
Insurers have expressed concerns about a potential rise in the cost of "Civil Liability" insurance for car owners in Bulgaria
Bulgaria's forthcoming adoption of the euro will bring changes to the liability limits for compulsory motor insurance
The caretaker government has approved a draft amendment to the Road Traffic Act, as announced by the Council of Ministers.
Over one million Bulgarians are currently not paying their health insurance, a situation that poses significant challenges
The issuance of "Civil Liability" insurance has been blocked for four consecutive days due to a serious problem with the system,
The Bulgarian government has endorsed changes to the Insurance Code today, suggesting that drivers who cause more accidents should face higher premiums for compulsory third-party insurance
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