2008 Marchamo Increase
Set
The Contraloría General
de la República
(Comptroller's office)
yesterday approved the
"2008 marchamo" fees
that will increase by
11.59%. The marchamo is
the annual circulation
permit for all vehicles
and sold through the
Institution Nacional de
Seguros (INS) - state
monopoly on insurance.
The breakdown of the
increase is 8.59% for
the Seguro Obligatorio
de Vehículos Automotores
(SOA) - mandatory
insurance portion of the
marchamo - and 3% for
the INS to finance the
first stage of the lan
Maestro del Modelo
Autónomo de Servicios.
The Plan Maestro del
Modelo Autónomo de
Servicios will allow the
INS to begin classifying
vehicles and set
insurance rates based on
that risk. Currently the
mandatory insurance fee
is the same for all
vehicles of the same use
without respect of the
age, value or risk for
the insurer. For example
a 2007 Mercedes will pay
the same manadatory
insurance as a 1995
Toyota Tercel.
Motorcycles, trucks and
buses all pay the same
rate based on their use
and not the age,
condition or risk.
Last year the SOA
portion went up 15.6%
mainly for motorcycles,
taxis and buses which
are vehicles with the
most propensity for
accidents.
The 2008 marchano, which
in addition to the SOA,
includes a number of
taxes on the vehicle,
will go on sale the
first week in November
at some 800 locations
that include INS
offices, banks and local
insurance agents.
Come November, to find out what the
cost of the 2008 marchamo for your
vehicle you can call
243-9999 or 800-marchamo
(800 627 2426) or visit
the INS website at
www.ins-cr.com.
The established rates
for the SOA included in
the 2008 marchamo are:
|
Private vehicle |
¢13.475 |
|
Heavy Truck |
¢15.830 |
|
Light Truck |
¢14.380 |
|
Buses |
¢66.665 |
|
Motorcycles |
¢43.980 |
|
Taxis |
¢41.755 |
Source::
Contraloría General de
la República
|
