Costa Rica News – Do you want to drive your car after December 31st of this year? Then you need to start at least thinking about paying your marchamo.
The “marchamo” collection starts today for the 2015 period. If you are the owner of one of Costa Rica’s 1.2 million vehicles registered with the National Insurance Institute, you must be aware of cancelling this fee on time.
You can visit http://marchamo.ins-cr.com/Marchamo/Marchamo/frmConsultaMarchamo.aspx to find out the exact amount you’ll have to pay. All you have to do is enter your license plate number.
The year, make and model of your car will be taken into effect for your quote, as will whether or not you have any pending violations. A ‘93 Nissan Sentra could pay ¢63,000 while a 2012 Audi pays ¢576,000.
In order to drive legally next year, this circulation fee must be paid by Dec. 31. The compulsory auto insurance rate, which makes up 20% of the marchamo, fell by 7%. This decrease is due to more vehicles, especially motorcycles, are paying into the system. The tax on vehicle ownership will also be reduced, by 5%. Bus insurance, however, will raise.
What is Costa Rican Marchamo?
Marchamo is basically a circulation permit for a vehicle similar to registration payment in the U.S. It also includes a small bit of liability insurance.