As anticipated by EL TIEMPO on December 28, the price of the Compulsory Traffic Accident Insurance (Soat) increased 11.7 percent as of January 1, 2023 for automobiles that were not covered by the 50 percent discount announced by the National Government.
The analysis made by the Financial Superintendence for 2023 concluded que maximum rates are adjusted downward for the categories that are part of the differential range in 57 percent and for the other categories in 3.67 percent.
(Also read: The transport services that will have increases in their price in Colombia)
Therefore, vehicles belonging to the differential range will continue to pay the equivalent of approximately 50 percent of the final price in pesos in force as of December 14, 2022.
For the remaining vehicle categories, the final value to be paid in pesos as of January 1, 2023 will have an adjustment of around 11.7 percent, lower than annualized inflation to Novemberwhich was 12.53 percent.
According to the Superfinanciera, the final value to be paid is the result of adding the value of the soat cousinthe contribution equivalent to 52 percent to the Administrator of the Resources of the General System of Social Security in Health (Adres) and the Runt rate.
The percentage that goes to management is used to finance compensation for medical, surgical, pharmaceutical and hospital expenses for injuries and the total costs associated with the process of recognition and payment of such compensation.
(Also read: Subsidies and economic relief that will not reach 2023)
motorcycles
- Moped: 100,900 pesos
- Motorcycles under 100cc: 207,700 pesos
- Motorcycles of 100 and up to 200cc: 278,200 pesos
- Motorcycles over 200cc: 701,300 pesos
- Motorcycles, trikes and quadricycles: 313,800 pesos
- Five-passenger motorcycle: 313,800 pesos
campers and trucks
- Less than 1,500 cc – less than 10 years: 730,300 pesos
- Less than 1,500 cc – 10 or more years: 877,900 pesos
- Between 1,500 and 2,500 cc – less than 10 years: 871,900 pesos
- Between 1,500 and 2,500 cc – 10 or more years: 1,032,900 pesos
- More than 2,500 cc – less than 10 years: 1,022,700 pesos
- More than 2,500 cc – 10 or more years: 1,173,500 pesos
Cargo or Mixed vehicles
- Less than 5 tons: 818,300 pesos
- Between 5 and 15 tons: 1,181,600 pesos
- More than 15 tons: 1,493,900 pesos
Special official vehicles and ambulances
- Less than 1,500 cc: 920,700 pesos
- Between 1,500 and 2,500cc: 1,160,700 pesos
- More than 2,500 cc: 1,391,500 pesos
family cars
- Less than 1,500 cc – less than 10 years: 412,000 pesos
- Less than 1,500 cc – 10 or more years: 546,200 pesos
- Between 1,500 and 2,500 cc – less than 10 years: 501,700 pesos
- Between 1,500 and 2,500 cc – 10 or more years: 624,000 pesos
- More than 2,500 cc – less than 10 years: 585,900 pesos
- More than 2,500 cc – 10 or more years: 694,900 pesos
Private vehicles for 6 or more passengers
- Less than 2,500 cc – less than 10 years: 734,500 pesos
- Less than 2,500 cc – 10 or more years: 937,500 pesos
- 2,500 or more cc – less than 10 years: 983,100 pesos
- 2,500 or more cc – 10 or more years: 1,180,500 pesos
business cars
- Less than 1,500 cc – less than 10 years: 228,500 pesos
- Less than 1,500 cc – 10 or more years: 285,100 pesos
- Between 1,500 and 2,500 cc – less than 10 years: 283,700 pesos
- Between 1,500 and 2,500 cc – 10 or more years: 350,400 pesos
- More than 2,500 cc – less than 10 years: 365,800 pesos
- More than 2,500 cc – 10 or more years: 428,900 pesos
Buses and urban buses
- Single rate: 545,300 pesos
inter-municipal public service
- Less than 10 passengers: 539,400 pesos
- 10 or more passengers: 782,100 pesos
