The Central Bank of Armenia (CBA) published tariffs for compulsory vehicle insurance (OSAGO).

The sale of OSAGO policies will be launched on October 18, 2010, the CBA press service reported.

The insurance policy cost will be determined with consideration of vehicle type, production date, driver’s experience, engine capacity, purposes of vehicle exploitation and the number of drivers, who are eligible to drive it.

The minimum cost of OSAGO policy for personal cars varies from AMD 25,000 to AMD 46,000, while maximum – from AMD 42,000 to AMD 77,000.

As for taxis, the minimum cost of their OSAGO policy is from AMD 37,000 to 66,000, while maximum – from AMD 61,000 to 110,000.

The minimum cost of OSAGO policy for company vehicles varies from AMD 26,000 to AMD 48,000, while its maximum cost – from AMD 44,000 to AMD 79,000.