Valencia will promote a law to eliminate Soat payment for certain motorcycles, which ones would they be?
Senator Paloma Valencia announced this Saturday, during her visit to the city of Pereira, an ambitious proposal on Mandatory Transit Accident Insurance (SOAT). It is a proposal so that motorcycles up to 250 cubic centimeters (cc) are exempt from paying it and that the State assumes this cost.
TL;DR
- Senator Paloma Valencia proposes exempting motorcycles up to 250cc from paying SOAT.
- The State would assume the cost of SOAT for these motorcycles, ensuring continued health coverage for accident victims.
- The proposal is based on the high number of motorcycles in Colombia (over 12 million) and the low income of most owners.
- Over 60% of motorcycles in Colombia currently lack SOAT due to affordability issues.
- The project seeks to modify the National Transit Code to implement this exemption.
- A six-month transition period is included for the government to regulate the new scheme and its financing.
- Potential fiscal impacts are acknowledged, as the elimination of SOAT payments could reduce resources for victim care.
- In 2025, significant funds were transferred for claims and care for victims of uninsured or unidentified vehicles.
- Motorcycles are the road actors with the highest mortality rate in Colombia, accounting for 62% of fatal traffic accident victims in 2024.
- There is a potential inconsistency in the proposal, mentioning motorcycles up to 200cc in some sections while setting the benefit at 250cc in others.