Swedbank
Swedbank is a motor third-party liability insurance for the LT market with online purchase and limited assistance availability.
Direct payment
Claims are paid directly to injured third parties by the insurer in accordance with Lithuanian compulsory MTPL insurance law; the insurer settles damages on behalf of the at-fault insured.
Geographic scope
LT
Valid throughout Lithuania and in all Green Card system member countries (EEA, Switzerland, and other Green Card member states)
Unique selling points
- Free roadside assistance included throughout Lithuania even for minor incidents such as wrong fuel or flat battery, at no extra cost.
- Instant online purchase available 24/7 through Swedbank internet banking with immediate policy issuance via the built-in price calculator.
- Seamless integration with Swedbank banking services allows premium payment by automatic e-invoice directly from the customer's bank account.
- Promotional free vehicle transportation on mechanical breakdown included when signing a new 12-month MTPL contract within the promotional period.
- Backed by Swedbank Group, one of the leading Nordic-Baltic financial groups, providing strong financial stability and a well-known trusted brand.
Coverage limits
Bodily Injury Liability
Covered
Covers personal injury (including non-pecuniary damage) caused to third parties in a traffic accident, up to the statutory minimum limit per event regardless of the number of injured parties.
Property Damage Liability
Covered
Covers damage to third-party property caused in a traffic accident, up to the statutory minimum limit per event regardless of the number of injured parties.
Legal Defence
Not offered
Legal defence cover is not offered as part of the standard Swedbank MTPL product; no evidence of this coverage found in Swedbank MTPL sources.
Green Card (International Motor Insurance Certificate)
Covered
The MTPL policy is valid in Lithuania and all Green Card system member countries (EEA member states, Switzerland, and other Green Card member countries). The Green Card serves as proof of valid compulsory MTPL insurance when travelling abroad.
Roadside Assistance
Covered
Free roadside assistance is included with the Swedbank MTPL insurance policy throughout Lithuania. Assistance covers breakdowns including wrong fuel, flat battery, and similar incidents. Extended roadside assistance options are available for an additional fee.
Driver Accident Insurance
Optional
Accident insurance for the driver is not included in the base MTPL product but may be purchased as an optional add-on to the MTPL contract.
Passenger Accident Insurance
Optional
Accident insurance for passengers is not included in the base MTPL product but may be purchased as an optional add-on to the MTPL contract.
Key conditions
territorial_scope
The MTPL policy is valid in Lithuania and all countries participating in the Green Card system, including all EEA member states and Switzerland. A standard contract is concluded for Lithuanian-registered vehicles. Border insurance (15–90 days) is also available for non-resident vehicles.
green_card_rules
The Green Card (international motor insurance certificate) is issued as proof of valid MTPL coverage for travel abroad. It is valid in all Green Card system member countries. Lithuanian member companies of the Motor Insurers' Bureau (CAB) are authorised to issue Green Cards. The policy automatically covers EEA countries; a physical Green Card must be carried when travelling outside Lithuania.
driver_restrictions
The MTPL contract covers civil liability of the insured and any other person lawfully driving the insured vehicle. There are no named driver restrictions under standard Lithuanian MTPL law; any person driving with the owner's permission is covered. However, the Bonus-Malus class is assigned to the vehicle owner/registered holder and influences the premium.
claim_notification_deadline
In the event of a traffic accident, notify the police immediately where required by road traffic rules. Within 3 working days of the accident, notify your insurer in writing (if you are at fault) or the at-fault party's insurer (if you are the victim). Within 5 working days, notify your insurer in writing of any claim or legal action filed against you for compensation.
bonus_malus_rules
The Bonus-Malus system is managed centrally by the Motor Insurers' Bureau of the Republic of Lithuania (CAB). The BM class is calculated based on the vehicle owner's insurance history (number of insurance days and at-fault claims over the last 11 years). A new insured starts at class 6 (neutral). Classes 7–17 attract premium discounts (Bonus); classes 1–5 attract premium loadings (Malus). BM classes are recalculated annually on 15 September.
Policy specifics
Vehicle Transportation Service
Free vehicle transportation service in case of mechanical breakdown or accident
Standard Contract Period
MTPL insurance contracts are typically concluded for 12-month periods
Minimum Coverage Limits
Compulsory MTPL in Lithuania requires minimum coverage of EUR 5,000,000 for personal injury and EUR 1,000,000 for property damage
Geographic Coverage
MTPL insurance coverage is valid throughout Lithuania and in all Green Card system member countries, including EEA member states, Switzerland, and other Green Card member states.