Automatic insurance policy renewal is a convenient solution that saves you the trouble of having to arrange a new insurance policy.
When concluding an insurance policy, an e-invoice is set up at the same time, along with an agreement for automatic payment.
How the process works step by step:
- Fifteen days before your policy ends, you will receive a new insurance offer and e-invoice in your Internet Bank.
- If everything looks good, no action is needed – your insurance will be renewed and the premium will be deducted automatically. You just need to make sure there are sufficient funds in your account to cover the premium.
- If you decide not to renew the policy, you can decline the offer and cancel your e-invoice in Internet Bank without any additional fees.
Cars used in Lithuania must be covered by compulsory motor third party liability insurance. If a car is not insured, it is not allowed to participate in road traffic.
The following vehicles can be covered by compulsory motor insurance: cars and trucks, motorcycles, scooters, buses and trolleybuses, trailers and other self-propelled machinery.
Choosing Swedbank’s compulsory car insurance not only makes it easy and convenient for you to conclude the insurance contract, but also allows you to change and manage it using the Internet Bank. Benefits of the contract:
- Possibility to choose the insurance period – from 1 to 12 months.
- Lower insurance price by choosing e-invoice auto-payment – this way you will always have compulsory insurance.
- Free roadside assistance 24 hours a day in Lithuania in case of an insured event.
- The insurance is valid in more than 30 countries. When going abroad, activate and print your Green Card in your Internet Bank.
Compulsory car insurance can cover:
- damage to the property of an injured third party caused by a traffic accident;
- damage to the injured third party;
- and/or non-pecuniary damage or damage that occurs later as a consequence of the accident.
Roadside assistance is a package of free, round-the-clock services in Lithuania. The Roadside Assistance service is provided for motor vehicles of natural persons with a gross vehicle weight of up to 3.5 t. It will come in handy if you need it unexpectedly:
- primary assistance with starting your car’s engine;
- changing a flat tyre when you have a spare wheel;
- getting fuel when it runs out;
- unlocking a door if it has slammed or you have lost your key;
- towing the car onto the carriageway;
- taking your car to the workshop in case of an accident;
- transporting a car in case of health problems;
- transporting a car after fuel mixing;
- Taxi services if you and your passengers cannot fit in the cab in the event of an accident;
- telephone assistance after an accident.
The full list of free services and the conditions can be found here (PDF).
All cars participating in public traffic must be covered by compulsory car insurance. If you take out a contract with Swedbank and decide not to use your car for a certain period, you can suspend the compulsory car insurance contract.
If you intend to stay off the road for more than a month, you can suspend your car insurance by filling in an application for exemption from paying the insurance payments. The minimum suspension period is 1 month and the maximum is until the end of the insurance contract. If you want to suspend your contract, you can do this in the Internet Bank: select My contracts > Suspend the agreement temporary/Terminate the suspension.
You can check the insurability of your car using the tool of the Motor Insurers’ Bureau of the Republic of Lithuania. You can find the tool here .
- If the insurance contract was concluded in your name, you can request the cancellation of the contract in the Internet Bank: select My Contracts > Terminate contract.
- If you are the owner of the vehicle, but the contract is signed in the name of someone else, you can fill in the cancellation request here.
Once you have concluded a compulsory car insurance contract, the Green Card will be issued free of charge and will only come into force when you activate it. You can activate the card in your Internet Bank up to 15 days before the end of the contract: select My contracts > Get a green card. Once activated, you will always find the Green Card in your contract documents.
In case of injuries, fatalities or other emergencies, call the emergency number 112.
Fill in the accident declaration form. You can do this at draudimoivykiai.lt .
Report the accident to us by registering the accident in the Internet Bank.
Should you have more questions, contact us via +370 5 268 4444.
Incident Reporting
When concluding a compulsory car insurance contract, select Other usage in the section Vehicle usage if you are insuring a natural person's car weighing up to 3.5 tons, a passenger car trailer weighing up to 750 kg, a motorcycle, or a tractor and:
- you use this vehicle for economic activities (e.g. commercial, manufacturing, financial, professional) related to the purchase/sale of goods or the provision of services – for example, you are self-employed and use the insured vehicle for business purposes, etc.
- you have transferred the vehicle to a legal entity under loan-for use or under other legal arrangements – for example, you use the vehicle for work purposes under a lending or rental agreement concluded with your employer.
The statement may be obtained in the following ways:
- via an Internet Bank message;
- by visiting a Swedbank, AB branch of your choice;
- by phone: for private clients: +370 5 2684444, for business clients: +370 5 2684422; or
- by e-mail: info@swedbank.lt, with a free-form application signed by a qualified electronic signature attached.
- The application should include vehicle owner’s (in case of leasing - user’s/holder’s) first and last name/company name and vehicle plate number. You should also specify in which language (Lithuanian/English) and by what means you wish to receive the statement: via the Internet Bank, to the e-mail address you provided or in the bank branch.
- See policy and report of our use of claims-history statements for calculation of premiums
