Peruvian Road and Accident Insurance Tax
Vehicle Accident Insurance in Peru
Question from Kudzai:
I would like to know if Peru has mandatory road(car license) tax as well as car insurance tax.
If yes, do they issue stickers/decals as proof of payment/renew which must be stuck on the windscreen like in some countries or they have a different method?
Answer from David at Inside-Peru.com
Peru requires the accident insurance on all vehicles including motorcycles. The following information will answer your question more fully.
There are two kinds of accident insurance in Peru depending on the use of the vehicle.
1. SOAT (Compulsory Traffic Accident Insurance)
SOAT is a compulsory insurance established by law. Its objective is to ensure the immediate and unconditional attention of victims of traffic accidents that suffer bodily injury and death regardless of who was at fault.
SOAT Certificates are granted by insurance companies to cover all accidents involving vehicles that transit throughout the country of Peru.
2. CAT (Certificate of Traffic Accident Insurance)
CATs are issued exclusively by AFOCAT (Associations of Regional or Provincial Funds against Traffic Accidents) for the coverage of vehicles used for the provision of provincial public transport services for passengers within a provincial or regional scope.
Who must purchase CAT or SOAT? SOAT:
The owners of motor vehicles that circulate throughout the national territory, including those used for public transport of passengers who do not have CAT. CAT:
Vehicle transporters, including motorcycle taxis, who provide provincial public transport service for passengers, who are members of an AFOCAT.
What do I need to know about the proof of insurance sticker?
The sticker (called a rosette) lastds for five years. However, the insurance purchase (premium) is paid every year. You can purchase this at a bank and via internet including on a cell phone.
Where to put the sticker?
The sticker (rosette) should be placed in the middle of the windshield just below the central rear view mirror.