CTPCI policy for an electric car in Ukraine: how to take out a car insurance policy online?
CTPCI is a mandatory insurance policy for all vehicles in Ukraine, including electric vehicles. Find out more about how to take out an online motor third party liability insurance policy for an electric car in just a few minutes and how much it costs
Every driver in Ukraine must have a compulsory motor third party liability insurance policy (MTPL). In the event of an accident, a valid insurance policy will provide compensation for damages. In the event of a road traffic accident, the insurance company of the driver who caused the accident will take over the payment of compensation to the injured party.
An MTPL policy is mandatory for all vehicles, and electric cars are no exception. We will tell you how to take out an online CTPCI policy for an electric car, what the conditions are in 2024, and how much it costs in the article below.
Read moreabout car insurance during the war in Ukraine and how to insure your car in 2024 here.
What is motor third party liability insurance?
Motor third party liability insurance (MTPL) is a compulsory type of insurance for all drivers in Ukraine. This policy protects the financial interests of the car owner in the event of an accident. Instead of compensating the injured party on their own, the insurance company will pay the damages within the established limits. Motor third party liability insurance is an important tool of protection for both the culprit and the injured party, as it guarantees compensation for damaged property or personal injury.
However, it is important to keep in mind the limitations of insurance payments under motor third party liability: the maximum amount of compensation for the repair of a damaged car is UAH 160,000. In cases where the driver's health has been affected, the payout limit increases to UAH 320,000. If actual damages exceed these amounts, the difference will have to be paid by the person who caused the accident.
According to the Law of Ukraine ‘On Compulsory Insurance of Civil Liability of Owners of Land Vehicles’, motor third party liability insurance is mandatory for all vehicles in the country. Failure to comply with this requirement is subject to fines.
Here's how much compensation drivers can actually expect in the event of an accident .
How to take out CTP insurance online for an electric car?
Visit Ukraine portal offers to take out a reliable CTP insurance policy for an electric car from trusted insurance companies that have all the necessary licences. The insurance will be a reliable protection and guarantee of financial security in the event of a road accident.
On our portal, you can choose the most convenient insurance option for you with three deductible options:
- economy package with a deductible of UAH 3,200;
- optimal package with a deductible of UAH 1,600;
- premium package without a deductible (UAH 0).
Purchasing an MTPL policy on the Visit Ukraine portal ensures a fast and convenient process. You can easily fill out the necessary forms online, without unnecessary paperwork and trips to offices.
Read here how to check the validity of your MTPL policy and its validity period through the MTIBU.
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How much does an electric car insurance policy cost?
The prices for CTPCI vary depending on the validity period, type of vehicle, and region of car registration.
In 2024, the following prices have been set for a CTPCI policy for an electric car registered in Kyiv:
- economy package with a deductible of UAH 3,200 - UAH 2,436 per year;
- optimal package with a deductible of UAH 1,600 - UAH 2,819 per year;
- premium package without deductible (UAH 0) - UAH 3,298 per year.
For an individual calculation of the cost of an MTPL policy, we recommend using the calculator.
Online motor third party liability insurance on Visit Ukraine: advantages of taking out a policy
- Fair market rates that guarantee payments.
- Guaranteed car restoration.
- Possibility to conclude a contract with a deductible of UAH 0.00.
- One of the best Contact Centres in Ukraine providing information support.
- Affordable price: minimal insurance costs.
- Fast processing: minimum of documents and quick process of concluding a contract.
- Flexible conditions: the ability to choose the best coverage for your car.
Remember. Choosing an insurance company to take out a motor third party liability insurance policy requires attention to several important criteria. We tell you how to choose an insurance partner with a guarantee of reliable protection here.
Photo: Freepik
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