Business news from Ukraine

MTSBU to raise cost of “Green Card” policies

17 May , 2024  

Motor (Transport) Insurance Bureau of Ukraine (MTSBU) from 00:00 hours on May 20 increases tariffs for “Green Card” policies for vehicles traveling abroad by 3.2%.

Amounts of single insurance payments under contracts of international compulsory civil liability insurance of owners of land vehicles are established by the resolution of the Cabinet of Ministers of January 6, 2005 and are defined in euros.

As reported on the website of the ITSBU, for trips within the territory of the member countries of the international system of automobile insurance “Green Card” the cost of the policy from May 20 for 15 days for passenger cars increases to UAH 1,156 thousand (from UAH 1,120 thousand), for buses – to UAH 4,325 thousand (from UAH 4,190 thousand), for trucks – to UAH 2,474 thousand (UAH 2,397 thousand).

The cost of “Green Card” for one month for cars will be UAH 1,841 thousand (against UAH 1,783 thousand), buses – UAH 6,039 thousand (UAH 5,849 thousand), trucks – UAH 3,613 thousand (UAH 3,499 thousand).

Semi-annual and annual policies “Green Card” for cars will now cost respectively 9,636 thousand UAH and 12,849 thousand UAH (previously 9,334 thousand UAH and 12,446 thousand UAH), for trucks – 16,206 thousand UAH and 30,658 thousand UAH, for buses – 21,072 thousand UAH and 39,147 thousand UAH.

The cost of policies for trips to Azerbaijan and Moldova also increases by 3.2%. So for cars for 15 days it will amount to UAH 764 (previously – UAH 740), for one month – UAH 1,124 thousand (UAH 1,089 thousand), for six months – UAH 2,577 thousand (UAH 2,496 thousand), for a year – UAH 3,669 thousand (UAH 3,554 thousand).

The last change of tariffs was March 15, 2024 for cars increase by 11.8% for 15 days and 41.9% for a year, December 22, 2023 upward by 5.6%, September 29 downward by 3.4%, April 21, 2023 upward by 3.15%, December 30, 2022 upward by 3.1%.

As reported, the sum of “Green Card” policies have been realized since 2009 of two types: the whole of Europe and Moldova. Also from January 1, 2016 Ukrainian policies “Green Card” began to operate in the territory of Azerbaijan.

“Green Card” is a system of insurance protection for victims of road traffic accidents regardless of the country of their residence and the country of vehicle registration. It is distributed on the territory of 44 countries of Europe, Asia and Africa.

According to the decision of the General Assembly of the Council of the Bureau of the International Motor Insurance System “Green Card” adopted in Luxembourg in May 2004, Ukraine is a full member of this system since January 1, 2005.

,