Swedbank
Swedbank is a motor casco insurance for the LT market with online purchase and 24/7 assistance.
Direct payment
Claims can be reported online via swedbank.lt or by calling the 24/7 claims helpline 1884 (from Lithuania) or +370 5 268 4444 (from abroad). For vehicles up to 3.5t, the insurer pays the higher of the contracted or market value in case of theft or total loss.
Geographic scope
LT
Valid in all EU member states
Unique selling points
- For theft or total loss of vehicles up to 3.5 tonnes Swedbank pays whichever is higher between the agreed contracted value and the current market value ensuring policyholders are never undercompensated due to depreciation.
- New original manufacturer parts are guaranteed for repairs on vehicles up to 5 years old excluding the front windscreen ensuring factory-quality restoration without depreciation deductions.
- The total insurance premium never increases for installment payments so policyholders pay exactly the same amount whether paying annually or in multiple parts.
- The Elite Casco variant uniquely bundles driver and passenger accident insurance, personal belongings cover, vehicle key loss protection, and trip interruption cover into a single policy at no separate charge for each element.
- Casco policies can be purchased and managed entirely online through Swedbank internet banking with all documents stored digitally so no printing or broker visit is required.
Coverage limits
Own Vehicle Damage
Covered
Covers damage to the insured vehicle caused by any sudden and unexpected event on an all-risks basis, including road accidents where the policyholder is at fault, fire, and other covered perils, excluding listed non-insured events.
Total Loss
Covered
In the event of total destruction of vehicles up to 3.5 tonnes, the insurer pays the higher of the contracted value or the market value of the vehicle.
Partial Loss and Repair
Covered
Covers repair costs for partial damage to the insured vehicle resulting from a covered event. For vehicles not older than 5 years, new original parts are used for repairs except for the front windscreen.
Theft and Robbery
Covered
Covers theft or robbery of the insured vehicle. For vehicles up to 3.5t the insurer pays the higher of the contracted or market value. Coverage may be voided if the vehicle was left with open windows, sunroof, boot, or unlocked doors.
Glass Damage
Covered
Glass damage is covered under the all-risks Standard Casco policy. Note that for vehicles up to 5 years old original parts are used for repair with the exception of the front windscreen.
Natural Perils
Covered
Covered under the all-risks Standard Casco policy which explicitly lists natural disasters among the insured events.
Vandalism
Covered
Vandalism is explicitly listed as a covered insured event under the Standard all-risks Casco policy.
Roadside Assistance
Covered
24/7 technical roadside assistance service included with the Casco policy, valid across all EU territories. Covers vehicle transportation, emergency repairs, and support services. Accessible by calling +370 5 268 4444.
Replacement Vehicle
Optional
Replacement vehicle coverage is available as an optional add-on selectable in addition to either the Standard or Elite Casco variant. Free car transportation in case of mechanical breakdown may be offered as a promotional benefit with new 12-month policies.
Driver and Passenger Accident Insurance
Optional
Accidental injury insurance for the driver and passengers is included exclusively in the Elite Casco variant. It is not part of the Standard Casco coverage.
Key conditions
driver_age_experience_limit
No specific minimum driver age or experience requirement is stated in the publicly available sources. Statistical data shows that younger drivers under 29 have higher claim frequencies which may be reflected in premium pricing but no explicit exclusion is stated.
repair_network_requirements
For vehicles not older than 5 years new original manufacturer parts are used for repairs except for the front windscreen. For older vehicles wear and tear deductions may apply. The insurer may organise repairs through its partner workshop network.
territorial_scope
The Casco policy is valid in all EU member states. The precise coverage territory is confirmed in the individual insurance certificate.
anti_theft_requirements
Coverage for theft may be voided or reduced if the vehicle was left with open windows, sunroof, boot, or unlocked doors at the time of the insured event. Specific anti-theft device requirements are not explicitly published in the available sources.
claim_notification_deadline
The policyholder must notify the insurer immediately upon occurrence of an insured event. Claims can be reported online at www.swedbank.lt or by calling the 24/7 helpline 1884 in Lithuania or +370 5 268 4444 from abroad. A 14-day cooling-off period applies whereby the full premium is refunded if the contract is cancelled within the first 14 days.
deductible_rules
The deductible applicable to each covered event type is specified individually in the insurance certificate. The total insurance premium does not increase if paid in instalments.
Where to buy
Policy specifics
Replacement Vehicle during Repairs
Free car transportation in case of mechanical breakdown; replacement vehicle provision during repair period
Standard and Elite Coverage Variants
Swedbank offers two main Casco variants: Standard with basic coverage and Elite with extended coverage including personal items and accidental injury protection
Parts Coverage by Vehicle Age
For vehicles not older than 5 years, original parts are used for repairs (except front windscreen); wear and tear may apply to older vehicles
Vehicle Valuation Method for Theft and Total Loss
In case of theft or total destruction of vehicles up to 3.5 tonnes, the higher of contracted value or market value is covered
No Surcharge for Installment Payments
Total insurance premium remains the same regardless of whether paid in full or in installments