Business news from Ukraine

In Ukraine, the cost of “Green Card” policies has increased

18 November , 2022  

The Motor (Transport) Insurance Bureau of Ukraine (MTIBU) has increased tariffs for Green Card policies for those traveling abroad by 6.9% since November 17, 2022, according to the Bureau’s website.

According to the MTIBU, the last change in tariffs was on October 3, 2022 downward by 5.5%, and before that (July 26) – upward by 26.3%.

Green Card policies have been implemented since 2009 in two types: all of Europe, Moldova. Also, from January 1, 2016, Ukrainian Green Card policies began to operate on the territory of Azerbaijan.

According to the MTIBU, the cost of a “Green Card” in Ukraine for 15 days for trips around Europe for cars rises to UAH 923 (previously – UAH 863), for buses – up to UAH 3,469 thousand (UAH 3,244 thousand), for trucks – up to UAH 2,178 thousand (UAH 2,037 thousand).

The cost of the “Green Card” for one month for cars is now UAH 1,470 thousand (against UAH 1,375 thousand earlier), buses – UAH 4,818 thousand (UAH 4,506 thousand), trucks – UAH 2,891 thousand (UAH 2,703 thousand). ).

Semi-annual and annual “Green Card” policies for cars will now cost 6,525 thousand rubles. hryvnia and UAH 8.079 thousand, respectively, for buses – UAH 16.866 thousand and UAH 31.323 thousand, for trucks – UAH 13.685 thousand and UAH 25.829 thousand.

The cost of policies for trips to Azerbaijan and Moldova for cars for 15 days will be UAH 672 (previously UAH 629), for one month – UAH 989 (UAH 925), for six months – UAH 2,268 thousand (UAH 2,121 thousand), for a year – UAH 3,230 thousand. (UAH 3,102 thousand)

The amounts of unified insurance payments under international compulsory civil liability insurance contracts for owners of land vehicles are established by the Resolution of the Cabinet of Ministers dated January 6, 2005 and are defined in euros.

“Green Card” – a system of insurance protection for victims of a traffic accident, regardless of their country of residence and the country of registration of the vehicle. The “Green Card” covers the territory of 44 countries of Europe, Asia and Africa.

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