{"id":271372,"date":"2026-03-17T15:04:11","date_gmt":"2026-03-17T11:04:11","guid":{"rendered":"https:\/\/armbanks.am\/?p=271372"},"modified":"2026-03-17T15:04:54","modified_gmt":"2026-03-17T11:04:54","slug":"armenia-to-raise-osago-payout-limits-on-april-1-reason-given","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2026\/03\/17\/271372\/","title":{"rendered":"Armenia to Raise OSAGO Payout Limits on April 1 \u2013 Reason Given"},"content":{"rendered":"\n<p><strong>YEREVAN, March 17. \/ARKA\/. <\/strong>In Armenia, maximum payout limits for compulsory motor third-party liability insurance (OSAGO) will increase on April 1, 2026.<\/p>\n\n\n\n<p>The decision is due to rising average compensation costs, Vaghinak Yeghiazaryan, Executive Director of the Armenian Bureau of Motor Insurers, stated at a press conference on Tuesday.<\/p>\n\n\n\n<p>&#8220;Calculations show a steady increase in the average compensation amount. Over the past five years, the average payout for one accident per car has increased by approximately 35%,&#8221; Yeghiazaryan noted.<\/p>\n\n\n\n<p>He explained that this is due to two main factors: rising prices, including for auto parts, and the increasing number of electric vehicles.<\/p>\n\n\n\n<p>According to the head of the Armenian Bureau of Motor Insurers, the current compensation rate is approximately 94%. &#8220;Increasing the limits will help reduce the gap between actual damages and insurance payments,&#8221; he said.<\/p>\n\n\n\n<p>According to the new parameters:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>the property damage compensation limit per victim will increase from 1.8 million drams to 2.5 million drams (an increase of almost 39%);<\/li>\n\n\n\n<li>the compensation limit for damage to life and health will increase from 3.3 million drams to 3.5 million drams per victim (an increase of approximately 6%);<\/li>\n\n\n\n<li>the total payout limit for a single accident will be up to 25 million drams for property damage and up to 35 million drams for damage to life and health.<\/li>\n<\/ul>\n\n\n\n<p>Yeghiazaryan explained that the decision to increase the limits was made in October 2025, after which insurance companies were given time to recalculate their rates.<\/p>\n\n\n\n<p>According to him, the changes have already been incorporated into insurance rates. &#8220;The increased limits also apply to contracts concluded in late 2025 and early 2026,&#8221; he emphasized. ($1 &#8211; 377.41 drams).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In Armenia, maximum payout limits for compulsory motor third-party liability insurance (OSAGO) will increase on April 1, 2026.<\/p>\n","protected":false},"author":5,"featured_media":264848,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12315,12149,9216],"tags":[],"class_list":{"0":"post-271372","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-announces","8":"category-insurance-market","9":"category-news"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/271372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=271372"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/271372\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/264848"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=271372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=271372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=271372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}