On January 1, 2025, a new law on auto civil liability entered into force in Ukraine, which caused a sharp increase in the price of the compulsory auto civil liability insurance policy. Policy prices have increased by an average of 70-100%, which has become an important factor for vehicle owners. The cost of the autocivil for passenger cars with an engine capacity of up to 1600 cubic meters. cm now ranges from 2.2 to 5.6 thousand. UAH, depending on a number of factors.
One of the main reasons for the price increase was the entry into force of a new law that increases the maximum amount of insurance payments. In particular, the maximum amount of payment for car repair has increased from UAH 160,000 to UAH 250,000, and for the treatment of road accident victims - from UAH 320,000 to UAH 500,000. This means that insurance companies will have to pay higher amounts in case of insured events, which, in turn, leads to an increase in the cost of policies.
In addition, under the new rules, insurers have gained greater freedom in market segmentation. They can adjust policy prices more precisely, taking into account various factors, such as the type of vehicle, its engine capacity, the place of registration of the car, as well as the age and experience of the driver. This allows them to set individual prices for different categories of drivers and cars.
Factors that affect the cost of a car
Several main factors affect the cost of a motor vehicle policy:
- Type of vehicle — passenger car, electric car, truck, bus, etc.
- Engine volume and load capacity — prices can vary significantly for different types of vehicles.
- Scope of use - if the vehicle is used to provide a paid service (such as a taxi), this also increases the cost of the policy.
- Region of operation - in cities with high traffic volume, such as Kyiv, premiums may be higher than in smaller cities or rural areas.
- Age and experience of the driver - for drivers with more experience, the price can be significantly lower than for younger drivers who are just starting their career behind the wheel.
According to a survey of insurers, the age of the driver has the greatest influence on the price of the policy. For example, a 45-50-year-old driver will pay significantly less for the same brand of car in Kyiv than an 18-year-old driver. Given that insurance companies are now able to apply this factor more actively, for younger drivers who have just received their license, the cost of the policy can be significantly higher, which will be an additional financial burden.
There is no single price for a car insurance, as each insurance company independently determines the cost of its policy. Yes, the cost of the autocivilka for passenger cars with an engine volume of up to 1600 cubic meters. cm can range from 2.2 to 5.6 thousand. UAH, depending on the company and other factors. In some cases, the price may be higher or lower depending on the age of the driver, the region of vehicle registration or other parameters.
For example, one of the companies offers policies for motorcycles for UAH 500, while the cost of a policy for buses registered in Kyiv can reach UAH 50,000. UAH
An increase in the price of a car will be a significant financial burden for vehicle owners, especially in large cities with high levels of traffic. For some categories of drivers, in particular young and novice drivers, these changes may lead to additional costs for the purchase of mandatory insurance. However, with the new insurance benefits, drivers may also be more protected in the event of an accident, which may ultimately justify the cost of a more expensive policy.
