Auto insurance in Ukraine has risen 2 times after the new law is passed

On January 1, 2025, a new law on compulsory civil liability insurance has come into force in Ukraine, which caused a sharp increase in the cost of insurance policies.

According to the State Statistics Committee, the average price of a motorcycle market increased 2.1 times-from UAH 2 188.8 in December 2024 to UAH 4 599.2 in February 2025. This is much higher than the national bank's forecasts that assured that the price rise would be gradual.

The main reason is the increase in insurance payments: the maximum compensation for the harm of life and health increased to 500 thousand UAH, and for the damage of property - to UAH 250 thousand. Insurance companies argue for raising tariffs with increasing their own financial risks.

Despite the criticism of drivers, experts say that new rules will improve compensation in the event of an accident. At the same time, the issue of the availability of insurance policies remains open, because the cost of insurance already significantly beats the wallets of Ukrainians.

spot_imgspot_imgspot_imgspot_img

popular

Share this post:

More like this
HERE

Life-changing walking: how to lose up to 10 kilograms without diets and exercise machines

The modern rhythm of life often leaves no time for sports...

Apples: a simple fruit that takes care of your health

Apples are one of the most popular and healthiest fruits. They...

While Ukrainians save on gas, Naftogaz is luxuriating in millions

While NJSC Naftogaz of Ukraine is urging citizens to save gas through...

How Alliance Bank and Firtash steal billions under the cover of the state

Ukraine's financial control system is under threat due to...

Secrets of the SBU building: without a tower, but with basements

The history of the building at 33 Korolenko Street (previously and now...

Fictitious companies and officials: who is behind the sale of banned vapes

After the ban on flavored vapes in July 2024,...

Businessman Mitrokhin and his companies suspected of fraud worth hundreds of millions, SBU investigation

The Security Service of Ukraine is investigating a large-scale money laundering scheme...

Ukraine invited to join OECD Convention against Bribery of Foreign Public Officials

The Organization for Economic Co-operation and Development (OECD) has invited Ukraine to join...