• Costa Rica Real Estate

Marchamo auto circulation permit fees go up for 2012

December 31, 2014

Obligatory year-end auto insurance will cost 43 percent more this year than in 2010, the Insurance Superintendency announced Tuesday. Fees are charged when motorists pay their annual marchamo, or circulation permit, which is due before Dec. 31.

Insurance Superintendency Director Javier Cascante said in a statement that the average cost for obligatory auto insurance increased from ₡16,509 ($33) to ₡23,650 ($57) this year at the request of the National Insurance Institute (INS).

“Many of the services provided by [INS’s] insurance policies, such as medical services in the case of an accident or death, and repair and collision services, increased in cost this year,” Cascante said. “The cost increase of the obligatory insurance policy was made to match price increases for other services.”

Cascante said the obligatory insurance would continue to cover up to ₡6 million ($12,000) in victims’ accident and medical costs. He said the average cost of the insurance had not increased in three years, while associated services such as medical costs had gone up.

The revenue from marchamo fees charged to some 1 million Costa Rican motorists is estimated at ₡128 billion ($257 million). Of that, 19 percent will be distributed to INS. Marchamos can be paid in person at banks or INS offices, or online at www.ins-cr-com.

To calculate marchamo fees, text the word “marchamo” and your license plate number to 1467 for an instant reply, go to www.ins-cr-com, or call 2243-9999 or 800-MARCHAM.

The cost of a marchamo varies according to a vehicle’s make and year. Newer vehicles carry higher fees.

You may be interested

In Davos, tourism industry promises less plastic and more sustainability
News
19 views
News
19 views

In Davos, tourism industry promises less plastic and more sustainability

Pol Costa / AFP and The Tico Times - January 24, 2020

Faced with the tons of disposable plastic used by hotels every year, the CO2 emitted by airplanes or the overcrowding…

Meet Costa Rica’s newest NASA figure: Luis Diego Fonseca Flores
Space Ticos
174 views
Space Ticos
174 views

Meet Costa Rica’s newest NASA figure: Luis Diego Fonseca Flores

Bruce Callow - January 24, 2020

Costa Rica may be small, but its people are achieving great things. In this story, contributor Bruce Callow shares an…

French chef stabbed to death on Costa Rican beach
Costa Rica
429 views
Costa Rica
429 views

French chef stabbed to death on Costa Rican beach

AFP and The Tico Times - January 23, 2020

A French chef who was vacationing on a beach in northwestern Costa Rica was stabbed to death in an apparent…

Do NOT follow this link or you will be banned from the site!