Marchamo payments begin this week

December 31, 2014

The National Insurance Institute (INS) announced Monday that drivers can now check the agency’s website to find out how much the mandatory vehicle circulation permit, known as the marchamo, will cost.

Also, this year the Insurance Superintendency approved a 9 percent hike for private vehicles and a 24 percent increase for motorcycles.

Vehicle owners will have to pay ₡17,374 ($34.75) for ₡6 million ($12,000) coverage, and motorcycle owners will pay between ₡60,000 ($120) and ₡78,000 ($156), depending on the coverage amount.

The deadline to pay the marchamo is Dec. 31.

An estimated 1.1 million drivers must pay the circulation permit this year, according to Eduardo Fernández, director of the Solidarity Insurance Department at INS. In 2012, some 50,000 auto owners failed to pay the insurance.

To find out much you owe, see the INS website at: http://marchamo.ins-cr.com/Marchamo/Marchamo/Default.aspx

Facebook Comments

You may be interested

The Tico Times Weekly Digest: Oct. 15, 2018
Tico Times Weekly Digest
686 views
Tico Times Weekly Digest
686 views

The Tico Times Weekly Digest: Oct. 15, 2018

The Tico Times - October 15, 2018

In this week's episode of the Weekly Digest, a wrap-up of last week's heavy rains, plus more news from around…

Guatemala Fuego eruption is over: officials
Guatemala
749 views
Guatemala
749 views

Guatemala Fuego eruption is over: officials

AFP - October 15, 2018

The most recent eruption of Guatemala's Fuego volcano ended Saturday, an official source said, with locals escaping a repeat of June's…

October in Costa Rica: when the Caribbean comes a’callin’
Pic of the Day
1140 views
Pic of the Day
1140 views

October in Costa Rica: when the Caribbean comes a’callin’

The Tico Times - October 15, 2018

Costa Rica's Caribbean coast is famously exempt from many of the typical weather patterns in the rest of the country.…