Compulsory Traffic Accident Insurance (Soat) It is one of the requirements requested by the competent authorities for a vehicle can move freely in the country.
And this policy, from the end of 2022, began to have a 50% discount for 14 categories of vehicles, with the idea of attacking its evasion.
(See: In the last month, 1.3 million citizens have purchased the Soat).
The Federation of Colombian Insurers (phasecolda) said that between December 19, 2022 and January 18, 2023, more than 1.3 million policieswhich represents a growth of 48% compared to the same period of the immediately previous year (2021/2022).
(See: Could truckers have a discount on Soat?).
And, as explained by the Minister of Transport, Guillermo Reyes, to Portfolio, in the case of motorcycles, during the discount month, issued 873,127 insurances for these vehicles, which means 53.4% of the total.
Compared to the same period between 2021 and 2022, the purchase of del Soat on motorcycles doubled, since a year before there had been only 461,384 policies. “This shows that the fee was an element that generated payment evasion“Reyes said.
(See: Techno-mechanical review: how much will this obligation be worth in 2023?).
(See: These are the ceilings and health services that the Soat will cover in 2023).
On the other hand, Reyes did show concern, since he states that in “Colombia there is a reality and it is that 775 of 1,100 (approximately) municipalities in the country do not have traffic authorities that verify that the vehicles have the papers up to date, so nobody asks for the documentation”.