ABC of Paloma Valencia's proposal to eliminate Soat payment for motorcycles up to 250 cc
Motorcycles in Colombia Photo: Juan Bautista Díaz / Portafolio
TL;DR
- Senator Paloma Valencia proposes the state pay Soat for motorcycles up to 250cc.
- The initiative targets lower socioeconomic strata (1, 2, 3) who use these bikes for work.
- Motos must be registered in Runt and legally classified as motorcycles to be covered.
- Colombia has over 12 million motorcycles, with 93.5% being under 250cc.
- The state would collectively cover the insurance cost, not individual riders.
- High evasion rates (over 60%) of Soat for motorcycles are a major concern.
- Higher displacement motorcycles would still require traditional Soat payment.
- Concerns exist about the fiscal impact and funding sources for the state-funded plan.
- The proposal must be formally submitted to Congress for legislative debate and potential approval.