Grazer Wechselseitige Versicherung Aktiengesellschaft
GRAWE
GRAWE is a motor third-party liability insurance for the Austria market with no online purchase and limited assistance availability.
Direct payment
The premium is paid in advance on the agreed due date, either annually, semi-annually, quarterly or monthly, by payment slip, direct debit or online, as agreed in the contract.
Geographic scope
Austria
Coverage applies in Europe in the geographical sense, and in any case in the territory of the states that signed the agreement between the national insurance bureaus of the EEA member states and other associated states of 30 May 2002; the scope can be extended contractually.
Unique selling points
- 'SchadenFreude' feature: no premium increase after the first at-fault claim, unlike standard bonus-malus rules.
- Up to 6 additional super-bonus levels beyond the top bonus level for long-term claim-free drivers.
- Volume discount ('Mengenrabatt') on the MTPL premium when bundling additional GRAWE sidebyside products.
- Special 'L17' pricing advantage for drivers under 22 years of age.
- Modular GRAWE AUTOMOBIL package lets customers combine MTPL with casco, occupant accident, breakdown/accident and legal protection modules at a package price advantage.
Coverage limits
Bodily injury liability
Covered
No limit stated
Justified third-party claims for personal injury caused by the insured vehicle are covered up to the agreed insurance sum; the exact sum insured is not disclosed in the available official documents.
Property damage liability
Covered
No limit stated
Justified third-party claims for property and financial loss caused by the insured vehicle are covered up to the agreed insurance sum; the exact sum insured is not disclosed in the available official documents.
Defence against unjustified claims
Covered
The policy defends the policyholder against unjustified third-party damage claims, within the scope of the agreed insurance sum.
Green Card / International Motor Insurance Card (IVK)
Covered
GRAWE issues the International Motor Insurance Card (IVK, formerly the Green Card), which serves abroad as confirmation of existing motor third-party liability insurance and can be requested online.
Roadside assistance (GRAWE MOBIL COMPLETE Kfz-Assistance)
Not established from the insurer's documents
Roadside assistance is not part of the base MTPL policy but is available as a separate optional add-on (GRAWE MOBIL COMPLETE Kfz-Assistance) tied to the MTPL contract, covering on-site breakdown help, towing, recovery costs up to EUR 3,000 domestically / EUR 5,000 abroad, overnight stays, replacement transport, rental car and other benefits per the AGMBC 2023 terms.
Driver accident cover
Excluded
Damage claims made by the driver of the insured vehicle are explicitly excluded from the MTPL policy.
Passenger accident / medical expenses cover
Not established from the insurer's documents
Not part of the base MTPL policy and not an accident lump sum. As an optional add-on under GRAWE MOBIL COMPLETE Kfz-Assistance, medical costs abroad for authorised occupants injured in an accident with the insured vehicle are reimbursed up to a total of EUR 80,000 per year (this is a medical-expense reimbursement ceiling, not a fixed accident capital sum), plus search and rescue costs up to EUR 15,000 per person / EUR 30,000 per event.
Key conditions
Territorial scope
Coverage applies throughout Europe in the geographical sense; the territorial scope can be contractually extended.
Green card rules
The International Motor Insurance Card (IVK, formerly Green Card) serves abroad as proof of an existing MTPL policy and can be requested from GRAWE online in advance of travel.
Driver restrictions
No cover, restricted cover, or a right of recourse applies if the driver is under the influence of alcohol or drugs, drives without a valid licence, does not comply with agreed conditions of use of the vehicle, carries more passengers than permitted, or uses a vehicle without number plates under a swap-plate arrangement.
Claim notification deadline
Damages, claims, and the initiation of administrative or judicial criminal proceedings must be reported to GRAWE within one week.
Bonus-malus rules
Premiums are classified under the Austrian bonus-malus system; a first-time driver starts at base level 9, moves one level towards bonus after each claim-free year (observation period 1 October to 30 September), moves up 3 levels towards malus after an at-fault claim, and can progress up to 6 super-bonus levels beyond level 0; the 'SchadenFreude' feature waives the premium increase on the first claim.
Policy specifics
Geographical scope of coverage
Coverage in geographical Europe, with possible contractual extensions
SourceBonus-Malus classification system
Austrian bonus-malus system with claim-free reduction and premium increases for claims; up to 6 super-bonus levels available
SourceClaims handling and defense
Quick and unbureaucratic settlement of justified claims; defense against unjustified damage claims
SourceDuty to disclose risk information
Policyholder must provide complete and honest information about the insured risk before and during the contract term
SourceDuty to minimize damage
Policyholder must take all reasonable steps to minimize damage and clarify its extent
SourceCooperation in claims assessment
Policyholder must cooperate in determination and clarification of damages and their consequences
SourceClaims documentation requirements
Not established from the insurer's documents
For claims outside Austria, specified documents must be submitted in original, including receipts, tickets, police reports, and medical certificates
SourceThird-party source, not the insurer's document