What is car insurance?
Car insurance - is a generalized section of car insurance that includes compulsory and voluntary types of insurance.
Any type of car insurance is designed to protect finances in the event of an accident, as well as to transfer liability to insurance companies. In turn, the insurance company assumes the risks under the insurance contract for a fee. The amount of insurance payments in compulsory insurance is usually regulated by the Law of Ukraine. While the insurance amounts for voluntary types of insurance are usually set by the insurance company itself.
Car insurance: types that exist
Car insurance can cover expenses:
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To third parties - payment is made to victims through the fault of the policy holder. Most often seen in a OSAGO or Green Card
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To the insured car - the insurance company covers damages caused to the insured car. For example - CASCO insurance
Car insurance can work:
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In Ukraine
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Outside of Ukraine
The main types of car insurance:
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Motor Third Party Liability Insurance (OSAGO) has been the most popular and mandatory type of insurance in Ukraine since 2005. Any car must have insurance that covers damage to third parties up to the limit set by law
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Green Card is an international insurance contract. It is also mandatory for cars crossing the border of Ukraine with other countries. This type of insurance also covers damage to third parties, but the limit of insurance coverage depends on the country. You can find a list of countries and limits in a separate article
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CASCO is a voluntary type of insurance that covers damage to your car. This insurance product has different conditions in each insurance company and can be valid both in Ukraine and abroad
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Additional coverage - voluntary liability, which can increase the limits of OSAGO. Thanks to this voluntary insurance, you can add insurance coverage to the limits prescribed by the Law of Ukraine
How much does car insurance cost?
Each car insurance has its own price and is calculated using the calculators on our website. However, it should be noted that there are insurances with pricing at the state level, and there are those at the discretion of the insurance company.
For example, Green Card prices are the same in all insurance companies. Whereas OSAGO is regulated by law in the form of adjustment coefficients. The price of Additional coverage insurance can be different, but not more or less than the "legal prices".
How to buy car insurance online?
You can buy car insurance on our website. You need to visit the page of the required insurance product and use a convenient online cost calculator.
In general, each type has the following stages:
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Calculating the cost based on the parameters of the car and the required conditions
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Selecting an interesting offer from the list
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Filling in the data on the insured
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Filling in the data on the vehicle
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Payment for insurance
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Instant receipt of insurance by email in the case of automatic products or receipt of the policy after registration by our managers (in the case of non-automated insurance products)