The Central Bank of Russia proposed changes to the CTP rules

The Bank of Russia (CBR) has proposed to amend the CTP, according to which, in case of early cancellation of the policy, if the contract has not yet begun to operate, the consumer will be able to refund the money. The document was published on May 6 on the Federal Portal of Draft Regulatory Legal Acts.

As the All-Russian Union of Motor Insurers notes in its Telegram channel, according to the Bank of Russia's draft, the insurance premium will be refunded after deducting the insurer's business expenses and deductions to the reserve of guarantees and the reserve of current compensation payments, which together amount to 22%.

Currently, in case of early termination of the CTP agreement, if the policyholder withdraws from the agreement, the insurance premium under the agreement is not refunded, even if the insurance itself is not yet valid.

According to the results of the first quarter of 2026, the average CTP payment increased by 9.8% compared to the same period last year and reached 118.9 thousand rubles. The average premium for annual compulsory motor insurance policies remained approximately at the same level as a year earlier during this period, amounting to 7,645 rubles.

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Earlier that day, the Russian Union of Motor Insurers (RSA) advised drivers to carry a paper copy of the CTP policy with them in case of Internet restrictions.