Car insurance for Ukrainian cars in Germany: What financial experts say

Car insurance for Ukrainian cars in Germany: What financial experts say

According to a report by www.morgenpost.de,

The article confirms that Ukrainian cars also require motor vehicle liability insurance in Germany. It was reported that rumors were circulating that in the event of a traffic accident involving Ukrainians, the insurance of the German injured party would have to pay. However, the reality is that all drivers, regardless of their nationality, are required to take out car insurance.

According to the General Association of Insurers, there have recently been very few accidents involving uninsured Ukrainian cars, an average of around 30 per month. Compared to the total of several hundred thousand claims per month, this is a comparatively small number. This suggests that the majority of Ukrainian drivers comply with compulsory insurance.

The impact of this information on the market and consumers is therefore limited. The number of accidents involving uninsured Ukrainian cars is low, indicating that most Ukrainian drivers comply with the regulations. This could indicate that the information campaigns and the availability of insurance options for Ukrainian drivers are effective. It is important that regulators and insurance companies continue to monitor insurance compliance to ensure safety on the roads.

Overall, the requirement for Ukrainian cars to purchase car insurance does not have a significant negative impact on the market or industry. Most Ukrainian drivers comply with the rules, and insurers are able to settle damages in the event of accidents. It is important that these regulations continue to be implemented and monitored to ensure safety and legality on the roads.