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MTIBU lowers cost of Green Card by 4% from Oct 19

KYIV. Oct 12 (Interfax-Ukraine) – Motor (Transport) Insurance Bureau of Ukraine (MTIBU) introduces from October 19, 2021 new tariffs for Green Card policies for those traveling abroad by road.

According to a statement on the bureau’s website, MTIBU recalculated the cost of Green Card insurance certificates, which are being introduced downward, by an average of 4%

According to MTIBU, the cost of Green Card for 15 days for travel in Europe for passenger cars is reduced to UAH 747 (previously, UAH 778), for buses to UAH 2,807 (UAH 2,924), for trucks to UAH 1,762 (UAH 1,836).

Now, the cost of Green Card for one month is UAH 1,189 for cars (previously, UAH 1,239), some UAH 3,898 for buses (UAH 4,062), some UAH 2,339 (UAH 2,437) for trucks.

The cost of the semi-annual and annual Green Card policies for cars is UAH 5,279 and UAH 6,535, respectively, for buses is UAH 13,645 and UAH 25,341, for trucks is UAH 11,072 and UAH 20,897.

The cost of policies for trips to Azerbaijan, Belarus, Moldova and Russia for passenger cars is UAH 544 for 15 days, some UAH 800 for one month, some 1,835 for six months, some UAH 2,613 for a year.

The latest tariff changes were on August 3, 2021 downward by 3.6%, on March 16 by 3.6%, they were also changed upward by 3.8% on January 4, 2021, upward by 3.3% on October 19, 2020, upward by 3.1% on August 3, 2020, by 3.8% on July 24, by 3.5% June 16.

The Green Card policies have been implemented since 2009 of two types: all of Europe; Belarus, Moldova and Russia. From January 1, 2016, the Ukrainian Green Card policies started to operate on the territory of Azerbaijan.

The sizes of single insurance payments under the contracts of international compulsory insurance of civil liability of owners of land vehicles were established by a resolution of the Cabinet of Ministers dated January 6, 2005 and are determined in euros.

The Green Card system provides insurance coverage for those affected by a traffic accident regardless of their country of residence and the country of vehicle registration. The Green Card operates in 47 countries in Europe, Asia and Africa.

According to the decision made by the General Assembly of the Council of Bureau of the Green Card system in Luxembourg in May 2004, Ukraine became a full member as of January 1, 2005.