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November 23, 2022
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Lower the SOAT for motorcycles and taxis, but “gasoline subsidies” will be eliminated: President Petro

Rebaja el SOAT para motos y taxis, pero se eliminarán

In addition to the reduction that would take effect in the coming months, the Ministry of Transportation and the Ministry of Finance confirmed that a kind of accumulated accident rate points will be handled that will generate an increase in each driver at the time of purchasing the insurance.

Colombian News.

The news was confirmed this Tuesday by Jose Antonio Ocampo, Minister of Finance and the Minister of Transportation, Guillermo Reyes, who indicated that in the coming months the reduction by 50% of the cost at the time of acquiring the Compulsory Car Accident Insurance will be a reality. Transit (Soat) in the country.

The announcement was made through a press conference in which they specified that said reduction will be for low-cylinder motorcycles, taxis, business vehicles and other municipal, urban public transport.

“First of all, it is about guaranteeing that we have full Soat coverage, which today is extremely low for motorcycles,” said Ocampo.

Faced with the measure that comes into force as of January 1, 2023, the Minister of Transportation “it is the motorcyclists who generate the highest accident rate, the ones with the least Soat, therefore the Government gives them a hand, in the sense to recognize that 80% of motorcyclists belong to that mass of workers who depend on their motorcycle.

Regarding this last data, they explained that it is important to take into account that the increase in each insurance would be determined by the accident rate ‘points’ of each driver. Reason why they sent a message of caution and responsibility to motorized.

President Gustavo Petro also confirmed that his government seeks “more progressivity in the elimination of gasoline subsidies.”

Also read:

They carried the girl without a helmet, and the motorcycle “had neither SOAT nor a mechanical technician”, from the fatal accident in Cali



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