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The procedure for calculating the compulsory insurance fee for electric cars has been announced

News 16:51 23 Sep, 2022
The procedure for calculating the compulsory insurance fee for electric cars has been announced

When calculating the mandatory insurance premium for electric cars in Azerbaijan, coefficients corresponding to the basic insurance premium of 50 manats will be determined.

Qazet.az reports informs that this was stated by Anar Islamov, head of the policy and control department of the Insurance activity of the Central Bank of Azerbaijan.

"Certain risk coefficients have been determined for other cars. One of them is a coefficient based on the volume of the vehicle's engine. But in electric cars, only that part will be uniform. There is a basic insurance fee, and the coefficients will be determined accordingly," he said.