Business news from Ukraine

Business news from Ukraine

MTIBU has raised cost of “Green Card” again

22 July , 2024  

The Motor (Transport) Insurance Bureau of Ukraine (MTIBU) has increased tariffs for Green Card policies for vehicles traveling abroad by 5% from 00:00 on July 19.

All insurance premiums under the compulsory motor third party liability insurance contracts established by the Cabinet of Ministers’ resolution of January 6, 2005, will remain in euros.

According to the MTIBU website, the cost of a Green Card policy for 15 days for cars will be UAH 1,214 thousand (previously UAH 1,156 thousand), for buses – up to UAH 4,542 thousand (UAH 4,325 thousand), and for trucks – up to UAH 2,598 thousand (UAH 2,474 thousand) starting July 19.

The cost of the Green Card for one month for cars is UAH 1,934 thousand (vs. UAH 1,841 thousand), for buses – UAH 6,342 thousand (UAH 6,039 thousand), for trucks – UAH 3,794 thousand (UAH 3,613 thousand).

Semi-annual and annual Green Card policies for cars will now cost about UAH 10,120 thousand and UAH 13,493 thousand (previously UAH 9,636 thousand and UAH 12,849 thousand), for trucks – UAH 17,019 thousand and UAH 32,196 thousand, for buses – UAH 22,129 thousand and UAH 41,110 thousand.

The cost of policies for traveling to Azerbaijan and Moldova is also increased by 5%. Thus, for cars for 15 days it is UAH 802 (previously UAH 764), for one month – UAH 1,180 thousand (UAH 1,124 thousand), for six months – UAH 2,706 thousand (UAH 2,577 thousand), for a year – UAH 3,853 thousand (UAH 3,669 thousand).

The last change in tariffs was on May 20, 2024, upward by 3.2%, on March 15, 2024, for cars – an increase of 11.8% in 15 days and 41.9% for the year, on December 22, 2023, upward by 5.6%, on September 29, downward by 3.4%, on April 21, 2023, upward by 3.15%, on December 30, 2022, upward by 3.1%.

Reportedly, the latest Green Card policies have been sold since 2009 in two types: all of Europe and Moldova. Also, as of January 1, 2016, Ukrainian Green Card policies started operating in Azerbaijan.

“Green Card is a system of insurance protection for victims of road accidents regardless of their country of residence and vehicle registration. It is available in 44 countries in Asia and Europe.

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