​RCA prices will remain capped even after October 10, 2023, a regulatory act on this will be quickly included in the agenda of the upcoming government meeting, executive spokesman Mihai Konstantin said on Thursday.

• “Be continued. This is a regulatory act that had its first reading today and will be quickly included in the agenda of the next government meeting so that this regulatory act is passed before the expiration threshold is exceeded,” he said on Thursday. Mihai Kostyantyn, government spokesman.

Why is it important to know what will happen to RCA prices after October 10?

If you are one of those drivers whose RCA insurance policy is due to be renewed next month, you should know whether the RCA price limit set by the Ciucă government in the context of the Euroins bankruptcy will be extended after October 10.

The information is also important for more than 1.6 million drivers who still have their cars insured with the Euroins company, whose insurance has been extended by the Government until December 8.

That’s because industry brokers expect prices to rise after the government-imposed cap ends.

And not only them. Even the ASF motivates the HG project to extend RCA prices until the end of this year by the need to eliminate the possible negative impact of rising prices.

• If the RCA price cap was not extended beyond October 10, policyholders would have a legal option to take out a new RCA policy in advance, effective October 11, but at prices that are currently capped.

Of course, no one can put a hand to the fire as to the prices RCA insurers will charge after the state drops the cap, but most signals are that an increase could be on the way.

• Read more: Are you glad that you were extended RCA insurance from Euroins? Why you may pay more after October 10