Car insurance

Car insurance is a guarantee of payment for repairs in the event of damage to the vehicle or harm to the health of passengers. Financial compensation will be paid if all the terms of the car insurance contract are met.

Types of car insurance

There are two types of vehicle insurance:

1. MTPL;
2. CASCO.

The first type is mandatory (MTPL stands for "compulsory third party liability insurance"). Every car owner who plans to travel around Ukraine should have a comprehensive insurance policy.

The "CASCO" policy can be concluded at the request of the car owner, but the CASCO eliminates all problems with the car and the insurance funds are paid even if the vehicle owner is found to be at fault in the insured event.

COMPLIANCE INSURANCE: THE INTEGRITIES OF CAR INSURANCE

If you plan to travel around Ukraine, you cannot do without compulsory car insurance. A civil registration certificate is a document that the driver is obliged to provide to a police officer for inspection (in accordance with paragraph 2.4 of the Traffic Rules of Ukraine). At the same time, the driver is not obliged to hand over the policy to a law enforcement officer, but can present it without letting go.

Compulsory insurance guarantees payment in the event of damage to the car as a result of a road accident. In addition, payments are made in the event of harm to the health of passengers, as well as their property. If people die in a traffic accident, their relatives will be paid compensation.

Such a policy is issued for a year. If transit plates are installed on the car, it is issued for a period of 15 days to 11 months.

You can buy car insurance at any insurance company. To purchase, just provide all the necessary data in a special form.

We collect offers from leading insurance companies and show you the best prices for the product. After purchase, the policy will be instantly delivered to your email address.

The cost of a car insurance policy depends on the following factors:

• the city of residence of the insured person - the price of insurance is higher, the larger the city;
• the type of vehicle - the cost of insurance increases with the power and size of the vehicle;
• the term for which the insurance is issued;
• whether any fraud attempts have been registered.

Different companies set different prices for a car insurance policy. This is due to the fact that the coefficient associated with the city of residence of the insured person has certain permissible gradations. Insurance companies multiply the base coefficient by different values, which ultimately gives different prices.

Do I need to take out CASCO?

According to the law, you are not required to be insured under CASCO. However, if we are talking about a very expensive model of vehicle or its operation is carried out under circumstances that may facilitate its theft or cause damage to it, it is better to conclude a comprehensive auto insurance contract in addition to the OSCPV.

The price of CASCO depends not only on the make, model and age of the vehicle, but also on what exactly the client wants to insure: theft, damage or both. The cost of the policy will be more expensive, the more expensive and older the car is, as well as the more options included in the insurance.