The new year of 2025 will bring about dramatic changes in insurance. Its rules will change, and, accordingly, millions of car owners will feel the impact. January 1 will mark the entry into force of the law “On Compulsory Insurance of Civil Liability of Owners of Motor Vehicles”. Therefore, it is worthwhile to understand what changes await transport enthusiasts.
The main changes in motor third party liability insurance from January 2025
A number of innovations await motorists with the arrival of the new year:
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Payments will increase. As much as 250 thousand will be allocated for car repairs. But for medical treatment, you will be able to get 500 thousand.
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Insurance prices will rise. There is no exact information, but we must prepare for the fact that the cost will increase by about 2 times.
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There will be no more deductibles. The insurance company will pay the full amount. At the same time, the culprit will no longer pay the conditional UAH 1000-3200.
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There will be no more opportunities for beneficiaries not to take out a motor citizen. They will have to buy a policy, but only for half the cost. Moreover, if other people drive the car, this discount will not apply to them. They will have to buy a policy at full price.
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There will be a direct settlement of all losses for each insurance company. That is, you will be able to receive payments from your own insurance company, not just the culprit's insurance company.
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The reimbursement will not take into account wear and tear. In addition, the insurance company will be able to directly pay for repairs at the service station.
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MTIBU will not allow two active policies for one car. However, the system to check this is not yet in place.
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Speed cameras will monitor the presence of a motor citizen. Moreover, the number of fines will not be limited.
All innovations will not take effect immediately from January 1. However, they will gradually take effect throughout the year.
What should Ukrainians do now?
Of course, for those policies issued before 12/31/2024, everything will remain as it was. In other words, over the next year, two laws will be in effect at once.
At the moment, many people are afraid of the rising cost of motor third party liability insurance. And not everyone wants to pay twice as much. Therefore, many people are trying to arrange it in advance. To save money. However, the high cost of the policy can rightfully be called the only disadvantage. After all, the conditions offered are quite favorable. Therefore, it is still better to wait until the new year and take out a policy in accordance with the new law.
How to buy a KIRINS policy?
However, quite a few people are still choosing to buy insurance under the new rules. However, this opportunity is still quite limited. This is because not all insurance companies have switched to the new model. This issue should be resolved by the end of 2024. And then those who wish will be able to take out insurance from a future date.