New rules of auto insurance in Ukraine: What will change for drivers from January 1, 2025

From January 1, 2025, new auto insurance rules will enter into force in Ukraine, which will introduce significant changes to the vehicle insurance system. This innovation is aimed at improving the quality of insurance services, increasing the level of protection of drivers and passengers, as well as adapting national legislation to European standards.

Major changes in auto insurance rules

One of the key aspects of the new rules is the introduction of mandatory insurance not only of the vehicle, but also of the driver's liability to third parties. This means that in the event of an accident, the victims will receive compensation not only for the damage to the car, but also for the damage caused to their health.

It is also planned to increase the minimum level of insurance coverage. This will allow to increase the amount of compensation in case of traffic accidents, which, in turn, will reduce the financial burden on the perpetrators of accidents.

Impact on the cost of insurance policies

With the introduction of new rules, it is possible to expect an increase in the cost of insurance policies. This is due to the increase in the level of insurance coverage and the expansion of the scope of insurance services. However, the government plans to implement mechanisms that will allow maintaining the availability of insurance for all categories of drivers.

Digitization of processes

An important innovation is the transition to digital auto insurance policies. This means that all procedures related to insurance registration can now be carried out online. This approach will greatly simplify the registration process and reduce the number of bureaucratic procedures.

What does this mean for drivers?

Changes in legislation are designed to ensure greater safety of drivers and passengers on the roads. Drivers will have to be more careful when choosing insurance companies and insurance conditions to be sure of full protection in case of unforeseen situations.

Conclusion

The new auto insurance rules in Ukraine are an important step in the direction of European integration and the improvement of road safety standards. The changes, which will enter into force on January 1, 2025, are designed to provide more effective insurance and improve the protection of the rights of drivers and passengers. Drivers are expecting both certain financial changes and new opportunities thanks to the digitalization of processes.