Bank Of Baku

45% vehicle owners avoid compulsory insurance in Azerbaijan

45% vehicle owners avoid compulsory insurance in Azerbaijan
# 03 July 2015 10:09 (UTC +04:00)

Moreover, Guliyev said that he expects the number of vehicles with this insurance type to increase.

 

“The fine for drivers avoiding compulsory insurance increased from 10 AZN up to 50 AZN. Consequently, positive results were achieved. However, the fine is not so high. For instance, in France the fine is 3,750 Euros, in Kazakhstan $200”, said CIB Executive Director.

 

Guliyev added that the principle of warning for vehicle owners without such insurance type is not satisfactory.

 

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