Swedbank
Swedbank is a motor third-party liability insurance for the EE market with online purchase and limited assistance availability.
Direct payment
Claims can be filed conveniently through Swedbank internet banking. The insurer compensates the injured party directly; the right of recourse against the at-fault party is reserved as provided by law.
Geographic scope
EE
Valid in Estonia, the European Economic Area member states, Switzerland, Andorra, Serbia, and other countries listed on the Green Card
Unique selling points
- Policy can be concluded and managed entirely online through Swedbank internet banking in just a few minutes.
- Monthly instalment payment is available with no price increase — the final annual premium stays the same regardless of payment frequency.
- Policy renews automatically, ensuring uninterrupted legal coverage without requiring manual renewal action from the policyholder.
- Green Card issuance is available on request — issued digitally as a PDF or in physical form — extending coverage beyond the EEA to Green Card member countries.
- Offered by Swedbank P&C Insurance AS, the insurance arm of one of Estonia's leading universal banks, enabling integrated insurance and banking management in one platform.
Coverage limits
Bodily injury liability
Covered
Mandatory statutory minimum per insured event for bodily injury (personal injury) claims, applicable to events occurring on or after 15 July 2024, as set by the Estonian Motor Insurance Act.
Property damage liability
Covered
Mandatory statutory minimum per insured event for property damage claims, applicable to events occurring on or after 15 July 2024, as set by the Estonian Motor Insurance Act.
Legal defence / legal expenses
Excluded
Legal expenses cover is not included in Swedbank's standard MTPL product; it is available as a separate voluntary product.
Green Card (international motor insurance certificate)
Covered
A Green Card can be requested from Swedbank free of charge and is issued in physical form or as a PDF. Coverage extends to EEA countries, Switzerland, and other countries listed on the Green Card. Green cards issued in Estonia are not valid in Russia and Belarus as of 1 June 2023.
Roadside assistance
Excluded
24/7 roadside assistance is not included in Swedbank's standard MTPL policy. It is available as part of Swedbank's casco (comprehensive motor) insurance, which covers breakdown assistance across Estonia and Europe.
Driver accident insurance
Excluded
Driver accident insurance is not included in Swedbank's standard MTPL product. It may be obtained separately as a life/accident insurance add-on.
Passenger bodily injury (third-party)
Covered
Passengers injured in an accident caused by the insured vehicle are covered as third parties under the statutory MTPL liability coverage, up to the bodily injury limit set by the Motor Insurance Act.
Key conditions
territorial_scope
The MTPL policy is valid in Estonia and all EEA member states, Switzerland, Andorra, and Serbia without a Green Card. For travel to other countries listed on the Green Card system, a physical Green Card must be carried. Coverage does not apply in Russia or Belarus (as of 1 June 2023).
green_card_rules
A Green Card (international motor insurance certificate) can be requested from Swedbank and is issued in physical or PDF form, which must be printed on white paper before travel. It certifies valid MTPL coverage abroad for countries listed on the card.
driver_restrictions
Compulsory MTPL covers all authorised users and drivers of the insured vehicle. If the insured event is caused while driving without a licence, under the influence of alcohol, or in violation of traffic rules, the insurer retains the right of recourse against the at-fault party.
claim_notification_deadline
The insured or at-fault party must notify the insurer of the accident as soon as possible. A coordinated accident statement must be submitted to the insurer within five days of the accident. Claims for direct compensation must be submitted within 30 days of the damage occurring.
bonus_malus_rules
The MTPL premium is calculated based on multiple factors including the vehicle, insured period, and the policyholder's claims history. Estonia has a legislated bonus-malus framework, but there is no centralized statutory system; each insurer applies individual merit-rating based on claims history. Foreign claims history may be taken into account if a claims certificate is provided by the relevant national registry. Premium is set at contract inception and does not change if paid in monthly instalments.
Where to buy
Policy specifics
Statutory coverage limits effective from 15 July 2024
Per the Estonian Motor Insurance Act, the minimum coverage limits for events occurring on or after 15 July 2024 are EUR 6,450,000 for bodily injury and EUR 1,300,000 for property damage per insured event. For events before this date, limits were EUR 5,600,000 and EUR 1,200,000 respectively.
Own vehicle damage not covered by MTPL
The vehicle listed on the MTPL policy is not insured under the MTPL cover. Damage to the policyholder's own vehicle requires a separate voluntary casco (comprehensive motor) insurance contract.
Insurer's right of recourse
If the insured event is caused while driving without a licence, under alcohol influence, or in breach of traffic rules, the insurer compensates the injured party but retains the right to claim reimbursement from the at-fault person.
Governed by the Motor Insurance Act
The terms and conditions of compulsory MTPL insurance are primarily governed by the Estonian Motor Insurance Act (Liikluskindlustuse seadus). Insurer-specific terms apply only to optional add-on coverages.
Automatic policy renewal and monthly payment option
Swedbank offers automatic policy renewal and allows payment in monthly instalments with the final price remaining the same regardless of chosen payment frequency.