The motor insurance charge is based on the insurance companies’ annual premiums for motor third party liability insurance. The charge should be perceived as a sanction and be high enough to prevent anyone gaining from being uninsured. However, it may not be more than 10 per cent higher than the highest motor third party liability insurance premium in the market (including premium tax).
The charge for a vehicle is based on the annual premiums for vehicles of the same type and with the same manner of use. A difference is made between the type of vehicle (such as passenger car, mc, bus) and the manner of use (passenger car, taxi, hire car). The make, model year, place of residence, bonus, mileage class etc. are not taken into account. The Swedish Motor Insurers' charge table breaks vehicles down into 19 charge groups.
Swedish Motor Insurers’ charge table is evaluated at least twice per year as needed, after any changes in insurance companies’ premiums. The process for determining the motor insurance charge is examined every year by Swedish Motor Insurers’ external auditors.
The size of the charge is changed for anyone reaching an uninsured period of 30 days after 1 September 2019. From day 31 the charge is reduced to 75 per cent of the ordinary charge. From day 91 the charge is reduced to 50 per cent of the ordinary charge. From day 181 the charge is reduced to 25 per cent of the ordinary charge.
The reduction in charge is to avoid too high a degree of indebtedness. The charge is to refer to one and the same vehicle for a consecutive period. The lowest charge at the reduced rate is SEK 7 per day.