GARANTA Versicherungs-AG Österreich (Austrian branch of GARANTA Versicherungs-AG, Nürnberg, Germany)
GARANTA
GARANTA is a motor third-party liability insurance for the Austria market with no online purchase and limited assistance availability.
Direct payment
GARANTA offers direct claims settlement via its authorized car dealer partners, with payment confirmation to the dealer typically within 24 hours of claim notification, provided all required documents are submitted.
Geographic scope
Austria
Standard Austrian MTPL territorial scope: geographic Europe and all countries covered by the Green Card multilateral agreement.
Unique selling points
- Bonus-Malus scale extended to Super Bonus level 5, reaching as low as 30% of the base premium versus the market-standard 50% floor.
- Vertrauensbonus grants an internal upgrade of up to 3 bonus/malus levels starting from level 09, exclusive to GARANTA.
- Rated "Hervorragend" (Outstanding) in the Motor Liability category at the Versicherungs Award Austria (VAA).
- One-stop dealer service covering contract conclusion, claims reporting, repair and direct settlement in a single visit to the partner car dealership.
- Claims reported through dealer partners can receive a payment confirmation within 24 hours once all documents are complete.
Coverage limits
Bodily Injury Liability
€7,790,000 – €20,000,000
GARANTA MTPL uses a combined (pauschal) sum insured covering bodily injury and property damage together. The statutory minimum is EUR 7.79 million; policyholders may opt for higher combined sums of EUR 8, 10, or 20 million.
Property Damage Liability
€7,790,000 – €20,000,000
Property damage is covered within the same combined (pauschal) sum insured as bodily injury. Statutory minimum EUR 7.79 million; optional higher combined sums of EUR 8, 10, or 20 million.
Legal Defence Costs
Covered
Defence against unfounded third-party claims is part of the core MTPL cover within the sum insured, as standard under Austrian MTPL conditions. A separate, dedicated traffic legal expenses insurance (Verkehrs-Rechtsschutz, underwritten by NRV) can additionally be taken out alongside the MTPL policy.
Green Card
Covered
GARANTA issues the Green Card free of charge to its MTPL policyholders as proof of insurance for countries where the license plate is not accepted as sufficient evidence of cover.
Roadside Assistance
No limit stated
No mention of roadside assistance as part of the MTPL product was found in the official GARANTA MTPL sources reviewed.
Driver Accident Cover
No limit stated
No source explicitly names driver-specific accident cover as distinct from the general passenger accident add-on (Insassenunfall-Versicherung).
Passenger Accident Cover
Optional
An Insassenunfall-Versicherung (occupant accident insurance) can be added for an extra premium, providing cover for accident consequences to vehicle occupants regardless of fault, going beyond statutory MTPL. No specific sum insured was disclosed in the reviewed sources.
Key conditions
Territorial scope
Cover applies across geographic Europe and all states party to the Green Card multilateral agreement; a Green Card is provided free of charge for countries where the license plate alone is not accepted as insurance proof.
Green card rules
For many European countries the license plate itself suffices as proof of insurance; for others (e.g. Turkey, Ukraine, Russia) a Green Card, issued free of charge by GARANTA, is required.
Driver restrictions
Policies can generally be concluded from age 18. A deductible applies in case of a claim if the driver at the wheel is under 24 years old while the policyholder is 24 or older.
Claim notification deadline
Claims must be reported to GARANTA / the dealer partner promptly; electronic transmission of claim reports and photos via dealer partners enables a payment confirmation within 24 hours if all documents are complete.
Bonus-malus rules
Premiums follow the Austrian Bonus-Malus system; GARANTA extends the scale up to Super Bonus level 5 (30% of the base premium), beyond the market-standard level 0 (50%). A liability claim causes a downgrade of 3 bonus/malus levels (not applicable to comprehensive/casco claims).
Policy specifics
Bonus-Malus System
Premium reduction system based on claims-free years; GARANTA offers classification up to Super Bonus Level 5 (30% of annual premium)
SourceMinimum and Optional Coverage Limits
Statutory minimum sum insured of EUR 7.79 million; optional higher limits of EUR 8, 10, or 20 million available
SourceDirect Claims Settlement
GARANTA offers direct settlement with authorized car dealers (Autohäuser); payment confirmation within 24 hours if all documents are complete
SourceTrust Bonus (Vertrauensbonus)
Internal improvement of bonus/malus level by up to 3 levels in third-party liability and comprehensive insurance; available from level 09, limited to bonus level S3
SourceDeductible for Drivers Under 24
Not established from the insurer's documents
In case of damage, a deductible is charged for drivers under 24 years old if the policyholder is 24 or older
SourceThird-party source, not the insurer's documentConsideration of Prior Claims History
At initial classification with GARANTA, previous claims history with prior insurers (Austria or EU) is taken into account; adjusted annually within bonus/malus system
Source