Russians protect themselves from inflation with comprehensive insurance: rising prices for repairs and spare parts are driving interest in auto insurance, according to AVTODOM Group analysts

(MENAFN- Abtodom) More and more drivers are realizing that rising car prices, restoration and maintenance justify the cost of comprehensive insurance. AVTODOM Group analysts have concluded that the annual increase in the number of extended voluntary auto insurance policies for Chinese vehicles has been 4 percentage points over the past three years.

First of all the upward trend in the share of extended comprehensive insurance policies is due to the rising cost of car maintenance, especially after an accident. The cost of repairing Chinese vehicles in Russia has steadily increased compared to the same period last year. According to insurers, the average bill for body repair increased by more than 52% in the first eight months of 2025. The average bill for glass replacement has almost doubled. Engine repair costs on popular Chinese car models now start at 80 000 rubles. For comparison the average premium for comprehensive insurance on a Haval Jolion is 65 thousand rubles.

AVTODOM Group experts attribute this trend to a combination of factors: macroeconomic trends, exchange rate fluctuations and rising component and delivery costs. New Chinese models have increased in price by 3.4% over the past year. Russians are increasingly renewing their existing comprehensive insurance policies, amid rising car prices, repair costs and spare parts costs. The renewal rate in this segment ranged from 3% (Haval) to 10% (Changan) based on the results of the first eight months of 2025.

The regulator confirms the trend toward growing demand for voluntary auto insurance. According to the Central Bank, the number of comprehensive insurance policies issued increased by 5% in 2025, despite a 26.3% decline in new car sales over the same period. Furthermore 22% of Russians who purchased a car on credit do not renew their comprehensive insurance policies upon expiration in order to save money. This is a misguided strategy. OSAGO (compulsory motor third-party liability insurance) covers damages in an accident only to the injured party up to a certain limit. However the number of vehicle damages due to natural disasters, especially in the capital, is rapidly increasing. Only comprehensive insurance (CASCO) provides compensation for such accidents.

The trend toward improving the quality of car repairs will become another driver of increasing demand for comprehensive insurance among Russians in addition to economic benefits in the near future. According to estimates by AVTODOM Group and AutoSpetsСenter Group, the refusal to purchase comprehensive insurance is due to dissatisfaction with the settlement process in only 1% of cases. Furthermore the Central Bank noted a 47% decrease in the number of consumer complaints against insurers in the first half of 2025, including for comprehensive auto insurance policies.

You can consider purchasing a policy with a deductible to optimize comprehensive insurance costs. Reducing the list of insured risks allows saving from 10% to 60% of the policy cost. You can also consider purchasing or renewing comprehensive insurance at the dealership where you purchased and serviced vehicle. Dealership staff can see all available offers from various insurance companies and help to find the most favorable rates and terms.

AVTODOM Group and AutoSpetsСenter Group organized a traditional roundtable discussion with automotive market leaders in October 2025. Representatives of leading Russian insurance companies and auto dealers discussed ways to improve existing customer programs. Zhanna Spetsialnaya, Deputy General Director of Financial Services at AVTODOM Group and AutoSpetsСenter Group, summarized the event: “The automotive market landscape has changed significantly in recent years. We have faced a number of challenges, including declining new car sales. Auto dealership business models are changing and adapting amid changing market conditions. For us, it's important not just to sell a car but also to retain customers. We offer high-quality after-sales service. Therefore, we have become even more active in developing our F&I program. A high rate of comprehensive insurance renewals is a key indicator of car owner loyalty to insurers and dealers. This demonstrates how well customer expectations and service quality align.”

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