Traffic insurance

Traffic insurance is mandatory to all vehicles that are involved in traffic.

Traffic insurance offers protection in case Your vehicle causes damage to a third party.

In case of an accident, traffic insurance will reimburse, on your behalf, any damages caused to the environment, other vehicles, assets or injuries concerning any third persons.

Simplify your life - manage your financial and insurance matters in one place. Your insurance policy will always be accessible in Swedbank Internet Bank.

We will notify you when your policy is about to end, and send you a new offer for the next period.

You can set automatic payments and have an option to pay on a monthly, quarterly or half-year basis.

• As exemption, there is no insurance obligation for a vehicle entered in the motor register within 12 months following the termination of the contract, provided that during the period the vehicle is not engaged in traffic or otherwise used as a means of transport in a manner that can cause an insured event (section 6 of the Motor Insurance Act). Using a vehicle in traffic also means parking it on the street or in a public car park.
• If damage is caused by the vehicle during the period of exemption from the insurance obligation, the insurer of the last valid contract compensates the injured party for the damage, but files a recovery claim against the person subject to the insurance obligation.
• If the period of exemption from the insurance obligation ends and the registered vehicle does not have a traffic insurance contract, it will be mandatorily insured.
• The period of exemption from the insurance obligation ends earlier if the vehicle is permanently or temporarily deleted from the motor register or the person subject to the insurance obligation is changed in the motor register.

For more information on the exemption from the insurance obligation, please visit the website of the Estonian Motor Insurance Bureau.

Several factors influence the formation of the traffic insurance premium, such as the insurance and loss history of the responsible user or owner of the vehicle, including by presenting proof of insurance and loss history from another contracting state of the European Economic Area or Switzerland. In addition, the insurance premium is influenced by the type and technical data of the vehicle, the area of use of the vehicle (for example, whether the vehicle is used as a taxi or as a vehicle for driving practice) and the main region of use.

Are you planning to drive a vehicle, which does not need to be registered in the motor register (such as an e-scooter, snowmobile, forklift or ATV)? Note that this may also need to be insured.

• Check the website of the Estonian Motor Insurance Bureau to see if there is an obligation to take out traffic insurance for this vehicle.
• If it turns out that the vehicle needs traffic insurance and you want to insure it in Swedbank, contact us at 888 1513. To make an offer, we also ask you for the make/model of the vehicle, the vehicle identification number (frame number), power, designed speed, net weight.

Before travelling abroad, please make sure that your vehicles liability is also valid in those countries. When travelling abroad, it is also required to have printed version of your traffic insurance policy so you can verify the availability of your liability insurance.

Green cards issued by Swedbank P&C Insurance AS are not valid in Russia, Belarus and Iran.

You are required to have a printed green card when you travel to the following countries.

You can print out green card right in the internet bank.