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10 Nov. 2024

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With guarantee payments and trust: how to choose the right insurance company for taking out motor third party liability insurance?

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With guarantee payments and trust: how to choose the right insurance company for taking out motor third party liability insurance?

Choosing an insurance company for car insurance requires attention to several important criteria, including the insurer's credibility rating. Learn how to choose an insurance partner with a guarantee of reliable protection

Apply for a car insurance policy at Visit Ukraine - guaranteed protection on the road in just 5 minutes!
Apply for a car insurance policy at Visit Ukraine - guaranteed protection on the road in just 5 minutes!
BUY


Taking out motor third party liability insurance (MTPL) is a mandatory step for every car owner. However, choosing an insurance company that will provide you with not only favourable terms but also a guarantee of quality service and reliable payments may not be so easy. What determines the level of trust in insurers and how to avoid making the wrong choice?


Important indicators of trust in insurers


First of all, you should pay attention to the reputation of the insurance company. Evaluate the reviews of real customers who have already had experience of interacting with it during insured events. Reputation is formed on the basis of the quality of services provided, the speed of processing requests and compliance with obligations to insured persons.


In addition, it is important to pay attention to the transparency of insurance terms and conditions. The contract should not contain hidden terms and unclear clauses. This guarantees you predictability and confidence in the event of an insured event.


Another key indicator is the financial stability of the insurer and its ability to fulfil its payment obligations. It is worth checking out the ratings of insurance companies in terms of the amount of payments made and the percentage of claims settled.


By the way, about the ratings...




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Ratings of insurance companies by trust and payments


In 2024, several companies that have proven themselves to be reliable and customer-oriented continue to lead the MTPL market. Among them, it is worth highlighting the TAS insurance group, which ranks first in the ratings in terms of premiums and claims collected.


In addition to TAS, the leaders in motor third-party liability claims and the number of settled road traffic accidents are NJSIC ORANTA, PZU Ukraine, Knyazha and Ukrainian Insurance Group.


This is how the top 10 largest insurers look like in terms of payments for the first half of 2024:


1. TAS SG - UAH 2,057,546

2. UNIQA - UAH 2,033,026

3. ARX - UAH 1,955,154

4. INGO - UAH 1,526,708 

5. USG - UAH 1,408,935 

6. VUSO - UAH 1 394 987 

7. Insurance Asset - UAH 1,273,089

8. UNIVERSALNA - UAH 1,200,191

9. KNIAZHA - UAH 1 139 868

10. PZU UKRAINE - UAH 1 066 842


Where can I get insurance from market leaders?


Visit Ukraine cooperates with leading insurance companies that occupy leading positions in the ratings in terms of trust and payouts. Our partners offer favourable conditions for taking out motor third party liability insurance and guarantee stable payments in the event of insured events. It is important to emphasise that the quality of service, speed of processing requests and reliability of insurance payments from our partners have been tested by thousands of customers.


For example, on our portal you can take out insurance with such companies as TAS, Innovative Insurance Capital, INGO and others.


By the way, you can take out a motor third party liability insurance policy with the leading insurer TAS on the VU portal in the ‘car insurance’ section.


Want to know more? Read the latest news and useful materials about Ukraine and the world in the News section.




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Visit Ukraine Insurance – insurance covering military risks for entry and travel in Ukraine;

Visit Ukraine Car Insurance – car insurance with extended coverage in Ukraine;

Visit Ukraine Legal Advice – comprehensive legal support on entry to Ukraine;

Visit Ukraine Tickets – bus and train tickets to/from Ukraine;

Visit Ukraine Tours – the largest online database of tours to Ukraine for every taste;

Visit Ukraine Hotels – hotels for a comfortable stay in Ukraine;

Visit Ukraine Merch – patriotic clothing and accessories with worldwide delivery.




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Frequantly

asked questions

What is compulsory insurance in Ukraine?

Every driver of a vehicle must take out compulsory car insurance. Motor third party liability insurance (MTPL) is a Ukrainian insurance policy that compensates victims of road accidents.

Can I drive without insurance in wartime in Ukraine?

Who doesn't need car insurance?

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