MTPL Insurance Is Mandatory in Ukraine
Purchase mandatory MTPL insurance online through the Portmone service. In Ukraine, this type of motor third-party liability insurance is also known as auto liability insurance. Its purpose is to insure the civil liability of vehicle owners.
Mandatory motor insurance insurance is regulated by Ukrainian law. Every driver is required to have a valid MTPL policy. The Cabinet of Ministers of Ukraine determines compensation limits, coefficients used to calculate policy premiums, and the methods by which insurance contracts can be concluded. The simplest option permitted by law is submitting an application online.
Without a properly issued MTPL policy, Ukrainians are not allowed to operate a vehicle. This insurance helps compensate for damage one road user may cause to another. Compensation covers damage to the health, property, and life of third parties. MTPL insurance helps the at-fault driver cover expenses arising from a road accident, while ensuring that injured parties receive financial compensation for their losses.
MTPL insurance does not insure your own vehicle. MTPL covers liability for damage that a vehicle owner may cause to others as a result of a road accident. In the event of an accident, the at-fault driver repairs their own vehicle at their own expense, while damage caused to others is covered by the MTPL policy.
What Affects the Cost of Motor Transport Insurance Bureau of Ukraine?
The following factors influence the cost of an insurance policy:
- type of vehicle.
- location where the MTPL policy is issued, whether online or offline;
- category of the vehicle owner;
- whether the policyholder is an individual or a legal entity;
- the purpose for which the vehicle is used;
- age of the vehicle owner;
- period during which the vehicle is operated;
- policy term.
When comparing identical insurance requests, all insurance companies generally offer similar terms and conditions. One of the factors that significantly affects the cost of MTPL insurance is the place of residence. Drivers living in villages or small towns can usually purchase insurance at a lower price. In large cities such as Kyiv, motor insurance may cost two to three times more.
Buy MTPL Insurance on Portmone Quickly and Easily
You can purchase an electronic vehicle insurance policy through the Portmone online service.
The process consists of seven simple steps:
- Log in to Portmone, as registration is required to purchase an MTPL policy online (make sure you are using the official website).
- Navigate to the relevant insurance section.
- Scroll down until you see the insurance interface.
- Enter the registration number and other required information about your motorcycle, car, or other vehicle.
- Select the policy that best suits your needs from the available offers.
- Fill in your personal details.
- Receive your electronic insurance policy.
Please note that our service only allows the purchase of new insurance policies. Existing policies cannot be renewed through the Portmone online service.
What Documents Are Required for Mandatory Motor Insurance?
Let's review the required documents for both individuals and legal entities.
Documents Required for Individuals:
- passport;
- vehicle registration certificate;
- tax identification number.
A bank card issued by any Ukrainian bank is also required to purchase insurance.
Electronic MTSBU does not require paper copies of documents. This saves time, speeds up the application process, and reduces the risk of personal data being exposed to third parties.
Documents Required for Legal Entities:
- company registration certificate;
- extract from the State Register of Ukrainian Businesses;
- taxpayer registration certificate;
- vehicle registration certificate;
- proof of payment for insurance services.
Legal entities must provide scans or photographs of the documents listed above when purchasing a policy.
MTPL Insurance Policy Term
Mandatory MTPL insurance is typically issued for a period of 12 months.
However, there are several exceptions where coverage can be issued for only 15 days:
- the driver has arrived in Ukraine from abroad and plans to return shortly;
- the vehicle owner has not yet completed vehicle registration and therefore requires temporary insurance.
If a vehicle owner intends to use a vehicle only temporarily, it is possible to purchase MTPL insurance for six months. In such cases, the premium calculation and legal requirements are based on the same principles as for a standard annual policy.
An insurance contract may be terminated early. To do so, the policyholder must submit a written request at least one month in advance. The contract may also be terminated if the vehicle is destroyed. If no insurance claims have been paid, the policyholder may receive a partial refund of the insurance premium. The refund amount is calculated proportionally to the unused period of the contract.
If the contract is terminated by the insurer, the premium is refunded in full. An insurance company may terminate the contract if compensation payments for damage to property or health exceed the established limits. The policyholder is notified within one day, although the MTPL policy remains valid for an additional 10 days.
If ownership of the insured vehicle changes, the MTPL policy remains valid. If the policyholder dies, the rights and obligations under the insurance contract are transferred to the person who inherits the vehicle.
Electronic MTPL Policy Through Portmone
When purchasing MTPL insurance online through Portmone, the insurer will send the electronic policy in PDF format to your email address. The insurance contract is created directly within the database of the Motor (Transport) Insurance Bureau of Ukraine (MTSBU) and is immediately registered in the central database, eliminating the risk of receiving a fraudulent policy. If desired, the authenticity of the policy can be verified online through the MTSBU website after purchase.
Once you receive the electronic policy, you may save it on your device or print it. If requested by a police officer, the policy can be presented either electronically or in printed form.
Recently, MTPL policies have also become available through the Diia mobile application. Policies purchased through Portmone can additionally be found in your personal account under the "Insurance" section and the "My Policies" tab.
How to Verify an MTPL Insurance Policy
All issued MTPL insurance contracts are transferred to and registered with the Motor (Transport) Insurance Bureau of Ukraine (MTSBU). To verify whether your policy is valid:
- visit the MTSBU website;
- open the "For Consumers" section and select "Policy Verification";
- submit a request to the MTSBU database using the relevant link;
- check the policy status for a specific date using either the policy number or the vehicle registration number.
The system will display information about the policy status, insurer details, and the insured vehicle.
How to Choose an MTPL Insurance Policy
Most people choose services based on price. However, in the case of MTPL insurance, neither the insurance company nor the vehicle owner can influence the policy cost because insurance tariffs are established by law. This means that regardless of which insurer you choose, the cost of MTPL insurance will be identical.
When choosing an insurance company, consider factors such as:
- many years of successful operating experience (it is generally preferable to choose insurers that are market leaders in both premiums written and claims paid);
- the company's financial stability;
- reputation, which can be assessed through specialised forums and professional industry ratings.
Let's take a look at the main advantages and disadvantages of the most popular insurance companies in Ukraine:
Benefits of Buying MTPL Insurance Through Portmone
Why choose our online service for mandatory motor insurance?
- fully remote application process using your vehicle registration number and other required details;
- minimal document requirements without the need for in-person submission;
- the ability to compare offers from different insurers and choose the best option;
- fast application process that takes only a few minutes when all information is readily available;
- assistance from experienced managers who can verify your information and provide useful recommendations.
Try our online service to save time and purchase motor insurance online.
In addition to MTPL insurance, Portmone allows you to transfer money from card to card, purchase a Green Card policy, pay utility bills, pay for internet services, and access thousands of other services online.
