The Motor (Transport) Insurance Bureau of Ukraine (MTIBU) has introduced new tariffs for Green Card policies for travel abroad by road from July 15, 2016.

According to the bureau, the MTIBU recalculated the price of Green Card insurance certificates downwards by 3.7%.

The last time the tariffs were revised was on May 5, 2016.

Two types of Green Card policies have been sold since 2009: for Europe, and for Belarus, Moldova, and Russia. Ukrainian Green Card policies are now used in Azerbaijan since January 1, 2016.

According to the MTIBU, the cost of a Green Card policy in Ukraine for 15 days for car travel around Europe decreased to UAH 672 (previously it was UAH 698), for buses to UAH 2,527 (UAH 2,622), trucks UAH 1,586 (previously UAH 1,646).

The cost of a Green Card policy for one month for cars is UAH 1,070 (formerly UAH 1,111), buses - UAH 3,509 (previously UAH 3,642), and trucks - UAH 2,105 (previously UAH 2,185).

The cost of six-month and annual Green Card policies for passenger cars is UAH 4,753 and UAH 5,884 respectively, for buses - UAH 12,284 and UAH 22,814, and for trucks - UAH 9,968 and UAH 18,813 respectively.

The price of trips to Azerbaijan, Belarus, Moldova and Russia by car for 15 days is UAH 490 (previously UAH 508), for a month UAH 720 (UAH 748), for six months UAH 1,652 (UAH 1,715), for 12 months UAH 2,352 (UAH 2,441).

Rates on one-time insurance premiums under agreements of international compulsory insurance of car owners' civil liability were defined by the Ukrainian Cabinet decree dated January 6, 2005, and are calculated in euros.

The Green Card system provides insurance coverage for those affected by a traffic accident regardless of their country of residence and the country of vehicle registration. The Green Card operates in 47 countries in Europe, Asia and Africa.

According to the decision made by the General Assembly of the Council of Bureau of the Green Card system in Luxembourg in May 2004, Ukraine became a full member as of January 1, 2005.