Under the regulations, every registered vehicle must have valid third-party liability insurance. A lapse in coverage results in a financial penalty imposed by the Insurance Guarantee Fund (UFG). Many drivers assume that any policy is better than none, which is why they choose the cheapest option.

Third-party liability insurance price – does it affect the scope of coverage?

Issues concerning compulsory motor insurance are regulated by relevant legislation. Among other things, the Act specifies the scope of insurance coverage and indicates situations in which the insurer should assume financial liability when damage occurs.

It turns out that the scope of coverage is fixed. It does not change depending on the premium amount, as it does with optional comprehensive vehicle insurance.

Detailed information about this insurance can be found on the https://rankomat.pl/ubezpieczenie-oc.

Third-party liability policy cost and guarantee limits

Third-party liability guarantee limits are not regulated by insurers but by the relevant Act. They change every five years and, since 2019, have amounted to:

  • EUR 5,210,000 – for personal injury claims
  • EUR 1,050,000 – for property damage.

The above amounts apply to a single road incident.

This means that guarantee limits also do not change when the premium amount changes.

Is the cheapest third-party liability policy a good choice?

Since the scope of insurance coverage and the guarantee limits do not vary depending on the insurer, there is no point in overpaying for third-party liability insurance. This means that a person paying a low premium has the same rights as someone paying the highest premium.

Relying solely on the price of third-party liability insurance is a sensible approach, provided you do not care about a specific insurance company, for example because of its participation in Direct Claims Settlement (BLS).

Where can you find the cheapest insurance offer?

Are you wondering how to quickly and conveniently find the cheapest third-party liability insurance? Instead of collecting information from individual insurance companies yourself, you can use an online insurance comparison service. The third-party liability calculator available there helps estimate premiums quickly and compare the offers received.

How does it work? Your role is limited to completing a form – simply answer the questions about the policyholder and the insured vehicle. The more accurately you complete it, the more precise the information you will receive.

Remember! Choosing the cheapest third-party liability insurance can result in considerable savings – even up to 50%. It is worth being aware that insurers’ offers vary significantly, depending on which parameters they primarily consider when assessing insurance risk.