The price of insurance for Ukrainian cars has increased since July 1.
Thus, the increase in the price of motor vehicles is associated with an increase in payment limits in the event of an accident.
The changes are applied not only in the classic form of road accident, but also in the “European stream”, through which you can get compensation without the participation of police officers, transmits Auto24, citing the NBU.
This step was taken to implement European standards in the Ukrainian insurance system. In addition, the prices for components for transport have been recognized to have increased – the changes will compensate for the difference that the driver of the car is forced to repair.
There are no exact figures on how much insurance has risen in price. The NBU stated that there will be no significant increase in value. It is logical to assume that due to the increase in compensation payments, insurance will rise in price by at least 10-20%.
Now for road accident the monetary payment for one victim is increased from 130 to 160 thousand UAH. For damage to life and health, the amount increased by UAH 60 – from 260 thousand to 320 thousand hryvnias. Compensation for the “European stream” also increased from 50 to 80 thousand UAH.
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