Atlantic Insurance
Atlantic Insurance is a motor third-party liability insurance for the CY market with no online purchase and 24/7 assistance.
Direct payment
No information found on direct payment to repairers in sources; claims handled by Atlantic Insurance directly.
Geographic scope
Republic of Cyprus and British Sovereign Base Areas
Third party liability cover extends to all countries that have signed the Multilateral Guarantee Agreement; optional benefits limited to Republic of Cyprus excluding occupied areas
Unique selling points
- Free 24-hour roadside assistance and accident care is included in every policy tier, even the base Third Party policy, at no extra cost.
- Atlantic's unique 5-tier motor insurance structure (Third Party, Third Party Plus, Third Party Fire & Theft, Comprehensive, Comprehensive Executive) offers more granular coverage choices than most competitors in Cyprus.
- The Comprehensive Executive package includes unlimited windscreen cover with no excess and no impact on the No Claim Bonus.
- New vehicle replacement is provided for brand new cars that are stolen or declared a total loss within the first 12 months of the first insurance period.
- Atlantic Insurance is listed on the Cyprus Stock Exchange and reinsured with Swiss Re and other A-rated reinsurers, providing strong financial security.
Coverage limits
Bodily injury liability
38600000
Property damage liability
1300000
Legal Defence
Covered
Legal defence costs are included as part of the mandatory Motor Third Party Liability cover under Cyprus Motor Vehicles (Third Party Insurance) Law (Cap. 333). Court costs and legal fees arising from a covered third-party liability claim are met within the statutory limits of indemnity.
Green Card / Multilateral Guarantee Agreement Cover
Covered
Third party cover is provided when the insured vehicle is used in any country that has signed the Multilateral Guarantee Agreement, with the exception of Russia and Belarus which have been suspended from the Green Card system since March 2022. As of January 2025, Cyprus accepts digital Green Cards under Law 167(I)/2023.
24-Hour Accident Care and Road Assistance
Covered
Free 24-hour roadside assistance and accident care is included in all types of Atlantic motor insurance regardless of the tier selected, including the base Third Party policy.
Driver Personal Accident Cover
Excluded
Personal accident cover for the driver is not included in the base Third Party policy. It is available from the Third Party Plus tier upward (€20,000 per named driver). The base Third Party policy explicitly excludes the driver from bodily injury liability.
Passenger Personal Accident Cover
Not offered
Dedicated personal accident cover for passengers as a named benefit is not stated in the base Third Party policy on the official product page. Third party bodily injury liability to passengers is covered under the core liability cover.
Key conditions
territorial_scope
The policy covers third party liability in Cyprus (excluding occupied areas) and in all countries that have signed the Multilateral Guarantee Agreement. Optional benefits such as Loss of Use and Driving Other Cars are restricted to the Republic of Cyprus and British Sovereign Base Areas only.
green_card_rules
The insured vehicle is covered for third party liability in any country that has signed the Multilateral Guarantee Agreement, except Russia and Belarus which have been suspended from the Green Card system since March 2022. As of January 2025, Cyprus law (Law 167(I)/2023) formally recognises digital Green Cards as legally equivalent to paper ones.
driver_restrictions
The base Third Party policy covers any authorised driver. The Third Party Plus tier restricts cover to named drivers aged 24–70 with over 2 years of Cypriot or UK regular driving licence experience. All authorised drivers must hold a valid driving licence.
claim_notification_deadline
Policyholders should report incidents that may give rise to a claim immediately. General industry practice in Cyprus requires notification within three working days of an accident. Atlantic's 24-hour helpline (77772424) is available for immediate accident reporting.
bonus_malus_rules
Cyprus does not operate a centralised statutory bonus-malus system. Each insurer applies individual merit-rating at its own discretion. Atlantic Insurance applies a no-claims discount ladder where claim-free years earn premium reductions, with discounts that can reach up to 60% after six or more claim-free years, and claims typically result in a step-back of two to three levels. Atlantic accepts no-claims bonus proof from the UK and EU. An optional No Claim Bonus Protection add-on is available to prevent loss of NCB entitlement, subject to restrictions on the number and amount of claims allowed over specific insurance periods.
Policy specifics
Windscreen Breakage Cover
Breakage of glass in windscreen and windows with unlimited amount under Comprehensive Executive policy, with no excess and no NCB impact
No Claim Bonus Protection
Protection against losing No Claim Bonus entitlement upon submission of claims, subject to restrictions on number/amount of claims
Natural Perils Extension
Extension of cover for loss or damage caused by natural perils including flood, typhoon, storm, tempest, hailstorm, cyclone, hurricane, volcanic eruption or earthquake
Loss of Use - Courtesy Car
Company provides insured with courtesy car at company's choice for maximum period of four weeks in event of damage claim
Personal Accident Cover
Personal accident cover to named drivers in event of accident resulting in death, loss of limb or loss of eyesight, base amount €20,000 (can increase to €40,000 or €60,000)
New Vehicle Replacement Cover
Applies to brand new cars only; if stolen and not recovered within 3 months or total loss during first 12 months of first insurance period, company replaces with same type/model or pays current official selling price
Valid Driving License Requirement
All authorized drivers must hold valid driving license; Third Party Plus option requires drivers aged 24-70 with over 2 years of Cypriot/UK regular driving experience
Excess (Deductible) Amount
Excess is the amount client will pay for own damage in case of claim; amounts vary by policy type and coverage selected
Geographical Scope - Cyprus Territory
Optional covers and certain benefits (e.g., Loss of Use, Driving Other Cars) apply only to incidents in Republic of Cyprus and British Sovereign Base Areas, excluding occupied areas